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Ceragon Networks (CRNT)
NASDAQ:CRNT
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Earnings Data
Report Date
Feb 10, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.1Last Year’s EPS
$0.04Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2024
|% Change Since: 71.48%
|Next Earnings Date:Feb 10, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive outlook with strong revenue growth, particularly in India, and improvement in cash position and operating income. However, challenges such as a slowdown in public networks outside India, competition from Chinese companies, and a decline in private network bookings present some concerns.Company Guidance
During Ceragon Networks' Q3 2024 earnings call, the company provided several key metrics and guidance. They reported revenues of $102.7 million, a 17.7% increase from $87.3 million in Q3 2023, with India and North America being the strongest regions at $50.5 million and $24.5 million, respectively. The company added 4 new private network customers this quarter, contributing to $11.5 million in incremental bookings. Gross profit on a non-GAAP basis was $35.2 million, with a gross margin of 34.3%. Operating income reached $15.8 million, or 15.4% of revenue, and net income was $14.1 million or $0.16 per diluted share. The company reiterated its full-year 2024 revenue guidance of $390 million to $400 million, representing growth of 12% to 15% compared to 2023, and expects non-GAAP operating margins of at least 10% at the midpoint of the revenue guidance. Ceragon also highlighted their strategic focus on millimeter-wave products, private networks, and managed services, which are expected to drive long-term growth and increase their market share.Record Revenue in India
Revenue in India reached an all-time record of $50.5 million, driven by the expansion of 4G and 5G networks and increased market share.
Strong Revenue Growth
Total revenues were $102.7 million, up 17.7% from $87.3 million in Q3 2023, with strong contributions from India and North America.
Operating Income Growth
Non-GAAP operating income increased to $15.8 million from $8 million in Q3 2023, even with gross margin compression.
Successful Integration of Siklu
Siklu has been successfully integrated, contributing to financial performance without additional integration costs.
Cash Position Improvement
Cash position improved to $34 million from $28.2 million at the end of 2023, shifting to a net positive cash position of $8.8 million.
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CRNT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CRNT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $2.56 | $2.79 | +8.98% |
| Aug 07, 2024 | $2.48 | $2.65 | +6.85% |
| May 07, 2024 | $3.15 | $2.77 | -12.06% |
| Feb 20, 2024 | $2.79 | $2.77 | -0.72% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ceragon Networks (CRNT) report earnings?
Ceragon Networks (CRNT) is schdueled to report earning on Feb 10, 2025, TBA Not Confirmed.
What is Ceragon Networks (CRNT) earnings time?
Ceragon Networks (CRNT) earnings time is at Feb 10, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CRNT EPS forecast?
CRNT EPS forecast for the fiscal quarter 2024 (Q4) is $0.1.
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