CRNT
Second WindCeragon Networks Ltd. · Technology · Israel · $183M cap · $1.1M/day traded
$2.38 -5.6% · close 12 Nov · scored 13 Nov
Score down 2.5 since 12 Nov: Momentum down 3 after a 6% price fall.
Second Wind: Cheap with strong momentum, but the business does not earn the optimism.
Results expected 17 Nov. Analysts cut next year's EPS estimate 15.2% over 13 weeks.
As of 13 Nov 2026, the MoatMap Score for Ceragon Networks Ltd. (CRNT) is 78/100, ranked against 25,000+ stocks in 38 markets (Quality 49, Value 66, Momentum 61, each scored against its sector).
Does the score work? Each tenth of the ranking, tracked monthly. See the record →
ABOUT CERAGON NETWORKS LTD.
Read
Ceragon Networks Ltd. is a leading provider of wireless backhaul solutions, enabling mobile network operators to efficiently transmit high-bandwidth data for 5G and other broadband services. The company's proprietary microwave and millimeter-wave radio technologies offer high-capacity, reliable, and cost-effective connectivity crucial for the expansion and optimization of global wireless networks.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 295.2M | 347.2M | 394.2M | 338.7M | 4.7% | 356.8M | 369.5M | 393.1M | 7.7% |
| EPS | -0.09 | 0.07 | 0.28 | -0.02 | 300.0% | -0.04 | — | — | — |
| Shares | 84.4M | 85.4M | 88.4M | 88.4M | +4.8% | 91.3M | — | — | — |
| Debt | 54.4M | 50.2M | 41.1M | 36.3M | -12.6% | 23.2M | — | — | — |
| Equity | 119.8M | 134.0M | 166.3M | 172.8M | 13.0% | — | — | — | — |
| Op CF | -4.9M | 30.9M | 26.2M | 31.6M | 1.1% | 36.7M | — | — | — |
| Inv CF | -12.4M | -20.9M | -16.5M | -24.0M | — | — | — | — | — |
| Fin CF | 23.1M | -4.9M | -1.5M | -5.5M | — | — | — | — | — |
No clear trend: not near its 52-week low, and not in a steady uptrend.
Swung more than 64% of stocks we rank over the past year (volatility 51% a year).
How this is worked out
The Price check reads only the chart, the price side of the Momentum score in words; it is not the MoatMap Score.
- Still falling: It set a new 52-week low in the last two weeks, after a deep fall.
- Finding a floor: It fell hard, but has set no new low for more than two weeks.
- Turning up: It has climbed off its low and is back above a rising 50-day average.
- In an uptrend: It is near its 52-week high and above its 200-day average.
- No clear trend (this stock): None of the above: no recent deep fall and no steady climb.
- No read yet: Not enough price history yet: it needs a year of trading.
In past US falls, waiting for Turning up cut the chance of another 20% drop from 42% to 33%. Returns were no better, and 33% of turns failed.
The exact rules
Still falling is a new 52-week low in the last two weeks, at least 25% below the high, with the low set after the high. Finding a floor is the same fall with no new low in the last two weeks. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average, with the 50-day average above the 200-day, and within 15% of the high. No clear trend is everything else. No read yet is under 252 trading days of history, or missing data. A new state shows once it has held for three trading days.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn (the Turning up rule above) cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: how much the price moved day to day over the past year, scaled to a yearly figure (annualised volatility) and ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Technology, ranked by industry match, size, and score similarity. Cross-listings of CRNT are excluded.
| Ticker | Company | Mkt Cap | Score |
|---|---|---|---|
| CRNT | Ceragon Networks Ltd.(you) | $183M | 78 |
| AUDC | AudioCodes Ltd. | $273M | 92 |
| MWE.L | M.T.I Wireless Edge Ltd. | $74M | 94 |
| SILC | Silicom Ltd. | $220M | 34 |
| GILT | Gilat Satellite Networks Ltd. | $573M | 41 |
| PAY.BR | Payton Planar Magnetics Ltd. | $162M | 74 |
| ALLT | Allot Ltd. | $441M | 61 |
| CGNT | Cognyte Software Ltd. | $721M | 63 |
| ITRN | Ituran Location and Control Ltd. | $1.0B | 94 |
| ALAR | Alarum Technologies Ltd. | $58M | 48 |
Peer medians: ROE 4.5% · P/E 24.3x · Gross margin 57.9%
Company Deep Dive
A 10,000-word report: the business and its segments, what management promised on earnings calls and whether it delivered, the competition, and how things could turn out.