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Ceragon Networks Reports Record Revenue Growth and Strategic Expansion

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Ceragon Networks Reports Record Revenue Growth and Strategic Expansion

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The latest announcement is out from Ceragon Networks ( (CRNT) ).

Ceragon Networks announced an 18.3% increase in quarterly revenue for Q4 2024, reaching $106.9 million, marking the highest revenue level since 2014. The company recorded a GAAP EPS of $0.04 per share, reflecting significant growth in key markets like India and North America. The full-year 2024 results showed a 13.5% increase in annual revenue, aligning with the company’s guidance and achieving the highest revenue since 2012. Ceragon’s strategic expansion in India and acquisitions in private networks and mmW equipment markets have bolstered its market position. Despite some challenges in order timing with tier-one service providers, the company anticipates growth and improved profitability in 2025 as early recovery signs in the CSP market emerge.

More about Ceragon Networks

Ceragon Networks (NASDAQ: CRNT) is a leading global solutions provider specializing in end-to-end wireless connectivity. The company offers a range of products and services, including transport, access, and AI-powered managed and professional services. Ceragon serves a variety of sectors such as service providers, utilities, public safety organizations, and government agencies, focusing on 5G and 4G broadband wireless connectivity across more than 130 countries.

YTD Price Performance: -1.23%

Average Trading Volume: 2,183,049

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $430.2M

See more data about CRNT stock on TipRanks’ Stock Analysis page.

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