Overview

* Ceragon Q2 2025 revenue falls 14.4% yr/yr, missing analyst expectations

* GAAP operating income for Q2 2025 misses analyst estimates

* Company achieves non-GAAP profitability and positive cash flow

Outlook

* Ceragon expects H2 2025 revenue to remain consistent with H1 levels

* Company anticipates non-GAAP profit and positive cash flow in H2 2025

* Company notes stalled projects in India may rebound in 2026

Result Drivers

* NORTH AMERICA GROWTH - Revenue and bookings in North America grew sequentially for the third consecutive qtr, surpassing $20 mln

* STRATEGIC WIN - Secured preferred vendor status with a new tier-1 mobile network operator in North America, leveraging Siklus technology

* ACQUISITION SYNERGY - Recent acquisitions delivered incremental opportunities and expanded capabilities across private network and CSP markets

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $82.26 $91.20

Revenue mln mln (4

Analysts

)

Q2 EPS -$0.01

Q2 Net -$1.27

Income mln

Q2 Miss $2.22 $5.17

Operatin mln mln (4

g Income Analysts

)

Q2 Miss -$679,00 $4.10

Pretax 0 mln (2

Profit Analysts

)

Q2 Basic -$0.01

EPS

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "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 ( CRNT ) is $4.75, about 52.4% above its August 5 closing price of $2.26

* The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)