CORRECTED-Israel's Ceragon Q4 revenue slightly beats analyst expectations

Overview

• Israel wireless connectivity provider's Q4 revenue slightly beat analyst expectations

• Q4 operating income and pretax profit missed analyst estimates

• Results consistent with January update; 2026 revenue guidance reiterated

Outlook

• Ceragon expects 2026 revenue between $355 mln and $385 mln

• Company forecasts non-GAAP operating margin of 6.5% to 7.5% for 2026

• Ceragon monitoring currency fluctuations closely in 2026

Result Drivers

• NORTH AMERICAN MOMENTUM - Revenue in Q4 was slightly less than Q3's record, with backlog nearly double entering 2026

• INDIA STABILITY - Revenue in India remained stable sequentially from Q3 2025, tracking expectations

• BALANCE SHEET IMPROVEMENT - Ended 2025 with $38.4 mln in cash and a net cash position of $19.4 mln, up from $10.1 mln in 2024

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the communications & networking peer group is "buy"

• Wall Street's median 12-month price target for Ceragon Networks Ltd is $3.75, about 65.9% above its February 13 closing price of $2.26

• The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nPnS0j7Ma

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