Ceragon Networks Ltd

Chart & Performance

D1W1MN

P/E

65.44

P/S

1.17

EPS

0.07

Div Yield, %

0.00%

Shrs. gr., 5y

1.08%

Rev. gr., 5y

0.19%

Revenues

347m

+17.62%

Net income

CFO

31m

Earnings

Feb 18, 2025

Profile

Ceragon Networks Ltd. provides wireless backhaul and fronthaul solutions that enable cellular operators and other wireless service providers. Its solutions use microwave and millimeter wave radio technology to transfer telecommunication traffic between base stations, small/distributed cells, and the core of the service provider's network. The company also uses microwave technology for ultra-high speed, ultra-low latency communication for wireless 5G and 4G, 3G, and other cellular base stations. In addition, it provides IP-20 all-outdoor solutions, such as IP-20C, IP-20C-HP, IP-20S, IP-20E, and IP-20V; IP-20 split-mount/all-indoor solutions comprising IP-20N/IP-20A, IP-20F, and IP-20G; and IP-50 disaggregated solutions, including IP-50E, IP-50C, IP-50S, and IP-50FX for various short-haul, long-haul, fronthaul, and enterprise access applications. Further, the company offers network management system; and network and radio planning, site survey, solutions development, installation, network auditing and optimization, maintenance, training, and other services. It provides its services to oil and gas companies; public safety organizations; business and public institutions; broadcasters; energy utilities; and private communications networks. The company sells its products through direct sales, original equipment manufacturers, distributors, and system integrators. It operates in North America, Europe, Africa, the Asia Pacific, the Middle East, India, and Latin America. The company was formerly known as Giganet Ltd. and changed its name to Ceragon Networks Ltd. in September 2000. Ceragon Networks Ltd. was incorporated in 1996 and is headquartered in Rosh HaAyin, Israel.

URL

https://www.ceragon.com

IPO date

Aug 04, 2000

Employees

988

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	347,179 17.62%	295,173 1.52%	290,766 10.61%
Cost of revenue	323,954	289,600	285,960
Unusual Expense (Income)
NOPBT	23,225	5,573	4,806
NOPBT Margin	6.69%	1.89%	1.65%
Operating Taxes	6,522	2,446	11,009
Tax Rate	28.08%	43.89%	229.07%
NOPAT	16,703	3,127	(6,203)
Net income	6,220 -184.07%	(7,399) -50.10%	(14,828) -7.97%
Dividends
Dividend yield
Proceeds from repurchase of equity	39	410	4,730
BB yield	-0.02%	-0.26%	-2.20%
Debt
Debt current	36,489	41,245	19,159
Long-term debt	31,321	30,119	38,779
Deferred revenue	670	11,545	9,275
Other long-term liabilities	17,167	11,967	13,244
Net debt	39,573	48,416	30,375
Cash flow
Cash from operating activities	30,887	(4,895)	(15,019)
CAPEX	(9,955)	(12,421)	(9,595)
Cash from investing activities	(20,870)	(12,421)	(9,395)
Cash from financing activities	(4,861)	23,110	14,530
FCF	44,762	(1,044)	(38,340)
Balance
Cash	28,237	22,948	17,079
Long term investments			10,484
Excess cash	10,878	8,189	13,025
Stockholders' equity	(283,051)	(280,050)	(271,002)
Invested Capital	485,112	490,067	467,041
ROIC	3.43%	0.65%
ROCE	11.49%	2.65%	2.45%
EV
Common stock shares outstanding	85,483	84,133	83,415
Price	2.16 13.09%	1.91 -25.97%	2.58 -7.19%
Market cap	184,642 14.90%	160,694 -25.33%	215,210 -4.60%
EV	224,215	209,110	245,585
EBITDA	33,192	16,613	17,052
EV/EBITDA	6.76	12.59	14.40
Interest	7,538	6,306	8,625
Interest/NOPBT	32.46%	113.15%	179.46%