Ceragon Networks (CRNT) Stock Forecast & Price Target

Ceragon Networks Ltd. demonstrated a notable growth trajectory, with North America sales accounting for 41% of total revenue and increasing by 42% year-over-year to approximately $35 million, alongside a 29% quarter-over-quarter rise. The company anticipates an uptick in operational expenditures to bolster sales efforts, particularly in light of the successful introduction of new products. Furthermore, improved order visibility and potential upside from key customer segments, including North American wireless operators and a major client in India, contribute to a favorable outlook for the company.

Ceragon Networks Ltd has reported mixed financial results for 3Q25, with revenue increasing by only 2.4% while earnings per share decreased by $0.01 compared to consensus expectations, and updated guidance suggests a 4% revenue decline for F4Q relative to consensus. The company's reliance on the Indian market, which accounted for 45% of revenues in 1H25, is under significant threat as sales from India experienced a 51% year-over-year decline, prompting a 24% reduction in the revenue outlook for 2H25. Additionally, the decline in cash generated from operations to $7.1 million, down from $10.8 million in the previous quarter and $13.7 million year-over-year, further supports a negative outlook on the stock's performance.