Ceragon Networks Ltd (CRNT) Stock Analysis
Verdict: WATCH (do not buy)
Gross margin degradation and deferred carrier cap-ex anchor CRNT near 52-week lows, neutralizing order momentum in India.
Investment score: 46/100
Analysis as of
Is Ceragon Networks Ltd stock worth reviewing? The TradeMates thesis
The TradeMates model maintains a WATCH stance on Ceragon Networks Ltd. (CRNT). Valuation is depressed at 0.51x P/S and 8.06x EV/EBITDA, backed by $14.13M in 2025 free cash flow and strong Indian operator demand (~$120M YTD orders). However, recent gross margin erosion down to 31.7% in Q2 2026, customer delivery deferrals in North America, and a steep -35.5% 90-day technical slide keep the risk profile elevated.
7-factor investment score
- Valuation: 55/100 (weight 20%)
- Financial Health: 45/100 (weight 15%)
- Technical Momentum: 25/100 (weight 15%)
- Earnings Quality: 50/100 (weight 15%)
- Insider Sentiment: 35/100 (weight 10%)
- Analyst Consensus: 75/100 (weight 10%)
- Risk-Adjusted Return: 40/100 (weight 15%)
Ceragon Networks Ltd opportunities and risks
What speaks for CRNT
- Accelerating Fixed Wireless Access (FWA) Demand in India
What speaks against CRNT
- Gross Margin Compression from Adverse Product and Regional Mix
Peers and competitors
| Ticker | P/E | P/S | EV/EBITDA | Gross margin | Net margin | FCF yield |
|---|---|---|---|---|---|---|
| CRNT | n/a | 0.5x | 8.1x | 33.7% | -0.9% | 10.0% |
| AUDC | 43.2x | 1.1x | 13.9x | 65.7% | 2.8% | 8.1% |
| SILC | n/a | 2.9x | n/a | 30.2% | -13.0% | -1.5% |
| MWE.L | 14.4x | 1.4x | 9.3x | 33.1% | 10.0% | 5.3% |
| BVC.L | n/a | 0.5x | 11.2x | 33.3% | -15.9% | -7.4% |
| BOSC | 8.2x | 0.6x | 5.0x | 24.1% | 7.2% | 15.0% |
| Peer median | 8.2x | 1.1x | 9.3x | 33.1% | 2.8% | 5.3% |
Frequently asked questions about Ceragon Networks Ltd (CRNT)
Is CRNT stock a good investment?
The TradeMates model rates Ceragon Networks Ltd as WATCH (do not buy) with an investment score of 46/100. The TradeMates model maintains a WATCH stance on Ceragon Networks Ltd. (CRNT). Valuation is depressed at 0.51x P/S and 8.06x EV/EBITDA, backed by $14.13M in 2025 free cash flow and strong Indian operator demand (~$120M YTD orders). However, recent gross margin erosion down to 31.7% in Q2 2026, customer delivery deferrals in North America, and a steep -35.5% 90-day technical slide keep the risk profile elevated. This is algorithmic model output, not personal investment advice.
Is CRNT stock a buy?
The TradeMates model verdict for CRNT is WATCH (do not buy) with an investment score of 46/100. Treat this as a model signal to review, not a personal buy recommendation.