Ceragon Networks (CRNT) Stock Forecast & Price Target

Ceragon Networks Ltd has demonstrated significant growth in its North American sales, which accounted for 41% of total revenue and experienced a year-over-year increase of 42%, along with a quarter-over-quarter growth of 29%. The company's positive outlook is bolstered by an improved risk/reward profile as it increases operating expenses to enhance its sales capabilities, particularly in light of new product offerings. Additionally, CEO Doron Arazi has indicated improved order visibility, suggesting potential upside from various sectors, including North American wireless operators and key customers in India, which could lead to accelerated growth opportunities.

Ceragon Networks Ltd has experienced a significant decline in its revenue outlook, particularly driven by a sharp decrease in sales from India, which contributed 45% of the company's revenues in the first half of 2025. The company's revised guidance for the fourth quarter indicates revenue expectations falling 4% below consensus, with a notable 24% reduction in the revenue outlook for the second half of 2025 alongside a decrease in earnings per share by $0.19. This trend is exacerbated by a drop in cash generated from operations, which fell to $7.1 million from $10.8 million in the previous quarter and $13.7 million year-over-year, highlighting ongoing operational challenges.