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Ceragon Networks

Nasdaq:CRNT
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CRNT
Nasdaq
$146M
Market Cap
  1. Home
  2. US
  3. Tech
Company description

Ceragon Networks Ltd. provides wireless backhaul solutions that enable cellular operators and other wireless service providers to deliver voice and data services worldwide. The last earnings update was 6 days ago. More info.


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  • Ceragon Networks has significant price volatility in the past 3 months.
CRNT Share Price and Events
7 Day Returns
-38.5%
NasdaqGS:CRNT
4.7%
US Communications
0.9%
US Market
1 Year Returns
-58.2%
NasdaqGS:CRNT
1.1%
US Communications
10.5%
US Market
CRNT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ceragon Networks (CRNT) -38.5% -33.1% -29.7% -58.2% -20.5% 65.5%
US Communications 4.7% 5.9% -3.8% 1.1% 42.8% 65.8%
US Market 0.9% 5.2% 5.4% 10.5% 40.1% 45%
1 Year Return vs Industry and Market
  • CRNT underperformed the Communications industry which returned 1.1% over the past year.
  • CRNT underperformed the Market in United States of America which returned 10.5% over the past year.
Price Volatility
CRNT
Industry
5yr Volatility vs Market

Value

 Is Ceragon Networks undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Ceragon Networks. This is due to cash flow or dividend data being unavailable. The share price is $1.82.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Ceragon Networks's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ceragon Networks's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:CRNT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $0.17
NasdaqGS:CRNT Share Price ** NasdaqGS (2019-11-08) in USD $1.82
United States of America Communications Industry PE Ratio Median Figure of 30 Publicly-Listed Communications Companies 24.34x
United States of America Market PE Ratio Median Figure of 2,915 Publicly-Listed Companies 18.21x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Ceragon Networks.

NasdaqGS:CRNT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:CRNT Share Price ÷ EPS (both in USD)

= 1.82 ÷ 0.17

10.91x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ceragon Networks is good value based on earnings compared to the US Communications industry average.
  • Ceragon Networks is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Ceragon Networks's expected growth come at a high price?
Raw Data
NasdaqGS:CRNT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.91x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
-144.5%per year
United States of America Communications Industry PEG Ratio Median Figure of 19 Publicly-Listed Communications Companies 1.44x
United States of America Market PEG Ratio Median Figure of 2,014 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

NasdaqGS:CRNT PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.91x ÷ -144.5%

-0.08x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ceragon Networks earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Ceragon Networks's assets?
Raw Data
NasdaqGS:CRNT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $2.04
NasdaqGS:CRNT Share Price * NasdaqGS (2019-11-08) in USD $1.82
United States of America Communications Industry PB Ratio Median Figure of 61 Publicly-Listed Communications Companies 1.85x
United States of America Market PB Ratio Median Figure of 5,041 Publicly-Listed Companies 1.74x
NasdaqGS:CRNT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:CRNT Share Price ÷ Book Value per Share (both in USD)

= 1.82 ÷ 2.04

0.89x

* Primary Listing of Ceragon Networks.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ceragon Networks is good value based on assets compared to the US Communications industry average.
X
Value checks
We assess Ceragon Networks's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Communications industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Communications industry average (and greater than 0)? (1 check)
  5. Ceragon Networks has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Ceragon Networks expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-144.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ceragon Networks expected to grow at an attractive rate?
  • Ceragon Networks's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Ceragon Networks's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Ceragon Networks's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:CRNT Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:CRNT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts -144.5%
NasdaqGS:CRNT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 7.3%
United States of America Communications Industry Earnings Growth Rate Market Cap Weighted Average 12%
United States of America Communications Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:CRNT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:CRNT Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 320 1 2
2019-12-31 286 0 1
NasdaqGS:CRNT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 300 -23 13
2019-06-30 314 7 19
2019-03-31 330 18 22
2018-12-31 344 22 23
2018-09-30 345 41 19
2018-06-30 334 16 16
2018-03-31 339 14 18
2017-12-31 332 17 16
2017-09-30 330 11 17
2017-06-30 333 21 17
2017-03-31 310 21 12
2016-12-31 294 26 11

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ceragon Networks's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Ceragon Networks's revenue is expected to grow by 7.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:CRNT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Ceragon Networks Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:CRNT Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.01 0.01 0.01 1.00
2019-12-31 0.00 0.00 0.00 1.00
NasdaqGS:CRNT Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 0.17
2019-06-30 0.24
2019-03-31 0.28
2018-12-31 0.29
2018-09-30 0.24
2018-06-30 0.20
2018-03-31 0.23
2017-12-31 0.20
2017-09-30 0.21
2017-06-30 0.21
2017-03-31 0.15
2016-12-31 0.15

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Ceragon Networks will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Ceragon Networks's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Ceragon Networks has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Ceragon Networks performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Ceragon Networks's growth in the last year to its industry (Communications).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Ceragon Networks has delivered over 20% year on year earnings growth in the past 5 years.
  • Ceragon Networks's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Ceragon Networks's 1-year earnings growth is negative, it can't be compared to the US Communications industry average.
Earnings and Revenue History
Ceragon Networks's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Ceragon Networks Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:CRNT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 300.07 13.36 62.37 25.86
2019-06-30 314.44 19.32 62.95 26.56
2019-03-31 329.76 21.78 62.54 27.13
2018-12-31 343.87 23.05 62.32 28.18
2018-09-30 344.81 18.66 62.41 27.96
2018-06-30 334.28 16.00 61.47 27.50
2018-03-31 339.29 17.76 61.01 26.81
2017-12-31 332.03 15.56 60.23 25.70
2017-09-30 330.02 16.68 58.63 24.93
2017-06-30 333.15 16.67 59.56 23.29
2017-03-31 309.83 11.74 59.36 22.52
2016-12-31 293.64 11.43 59.90 21.70
2016-09-30 284.62 8.33 60.07 21.25
2016-06-30 290.85 6.29 60.68 21.40
2016-03-31 315.62 7.57 60.78 21.81
2015-12-31 349.44 1.01 62.05 22.93
2015-09-30 384.96 -56.18 66.50 25.77
2015-06-30 398.60 -63.18 69.07 28.28
2015-03-31 394.25 -56.51 74.43 30.96
2014-12-31 371.11 -76.48 79.72 35.00
2014-09-30 349.44 -39.90 83.61 34.90
2014-06-30 342.53 -44.78 89.38 39.37
2014-03-31 342.19 -60.30 89.18 39.40
2013-12-31 361.77 -47.48 94.50 42.96
2013-09-30 379.13 -40.50 94.79 44.56
2013-06-30 390.00 -40.56 99.01 45.96
2013-03-31 426.70 -30.14 100.84 46.04
2012-12-31 446.65 -23.39 104.85 47.49

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Ceragon Networks has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Ceragon Networks used its assets less efficiently than the US Communications industry average last year based on Return on Assets.
  • Ceragon Networks's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Ceragon Networks's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Communications industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Ceragon Networks has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Ceragon Networks's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Ceragon Networks's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ceragon Networks is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Ceragon Networks's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Ceragon Networks's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 30.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Ceragon Networks Company Filings, last reported 1 month ago.

NasdaqGS:CRNT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 163.88 17.40 20.52
2019-06-30 163.76 8.90 29.04
2019-03-31 161.83 0.00 29.75
2018-12-31 159.57 0.00 36.10
2018-09-30 145.54 0.00 41.32
2018-06-30 138.47 0.00 29.40
2018-03-31 136.06 0.00 25.96
2017-12-31 133.90 0.00 25.88
2017-09-30 126.85 23.80 36.47
2017-06-30 123.66 8.00 34.09
2017-03-31 118.03 11.50 36.46
2016-12-31 116.16 17.00 36.34
2016-09-30 108.36 20.30 32.37
2016-06-30 104.05 21.45 34.53
2016-03-31 103.44 29.85 41.88
2015-12-31 102.82 34.92 36.32
2015-09-30 96.26 43.93 39.57
2015-06-30 96.80 50.99 39.89
2015-03-31 93.44 50.90 37.62
2014-12-31 104.55 50.90 42.37
2014-09-30 157.32 50.46 48.48
2014-06-30 119.13 73.30 32.26
2014-03-31 109.51 73.28 26.45
2013-12-31 135.08 57.23 48.35
2013-09-30 114.75 61.58 40.90
2013-06-30 124.31 54.34 45.23
2013-03-31 132.22 42.71 47.44
2012-12-31 143.71 43.77 47.52
  • Ceragon Networks's level of debt (4.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (32.2% vs 4.5% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Ceragon Networks earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Ceragon Networks's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Ceragon Networks has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Ceragon Networks's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Ceragon Networks dividends.
If you bought $2,000 of Ceragon Networks shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Ceragon Networks's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Ceragon Networks's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:CRNT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America Communications Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1944 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:CRNT Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Ceragon Networks has not reported any payouts.
  • Unable to verify if Ceragon Networks's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Ceragon Networks's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Ceragon Networks has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Ceragon Networks's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Ceragon Networks afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ceragon Networks has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Ceragon Networks's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ira Palti
COMPENSATION $1,108,093
AGE 61
TENURE AS CEO 14.3 years
CEO Bio

Mr. Ira Palti has been the President and Chief Executive Officer of Ceragon Networks Ltd., since August 31, 2005 and its Director since June 2018. From January 2003 to August 2005, Mr. Palti was Chief Executive Officer of Seabridge Ltd., a Siemens company that is a global leader in the area of broadband services and networks. Prior to joining Seabridge, he was the Chief Operating Officer of VocalTec Communications Ltd., responsible for sales, marketing, customer support and product development. Among the positions he held before joining VocalTec was founder of Rosh Intelligent Systems, a company providing software maintenance and AI diagnostic solutions and one of the first startups in Israel. Mr. Palti served as the Chief Operating Officer since May 2001, President of the VocalTec business unit since November 1999 and as vice president of research and development since February 1999. From 1997 to 1999, Mr. Palti served as the Chief Executive Officer of Automedia Ltd. From 1995 to 1997, Mr. Palti served as the vice president of research and development at Netmanage Corp. From 1984 to 1994, Mr. Palti held various management and software development positions at Rosh/ServiceSoft Corp. Mr. Palti received a B.Sc. in Mathematics and Computer Science (Magna Cum Laude) from Tel Aviv University.

CEO Compensation
  • Ira's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Ira's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Ceragon Networks management team in years:

4.8
Average Tenure
53.5
Average Age
  • The tenure for the Ceragon Networks management team is about average.
Management Team

Ira Palti

TITLE
President
COMPENSATION
$1M
AGE
61
TENURE
14.3 yrs

Chuck Meyo

TITLE
Regional President of North America
COMPENSATION
$663K
AGE
55
TENURE
7.8 yrs

Amit Ancikovsky

TITLE
Regional President of Latin America & Africa
COMPENSATION
$704K
AGE
48
TENURE
6.8 yrs

Doron Arazi

TITLE
Deputy Chief Executive Officer
COMPENSATION
$602K
AGE
55
TENURE
0.8 yrs

Flavio Perrucchetti

TITLE
Regional President of Europe
COMPENSATION
$532K
AGE
51
TENURE
4.8 yrs

Ran Vered

TITLE
Chief Financial Officer
AGE
40
TENURE
0.8 yrs

Yuval Reina

TITLE
Chief Operating Officer
AGE
52
TENURE
1.2 yrs

Guy Toibin

TITLE
Chief Information Officer
TENURE
2.7 yrs

Michal Machlav

TITLE
VP & General Counsel
TENURE
4.8 yrs

Oz Zimerman

TITLE
Executive Vice President of Global Corporate Development
AGE
55
TENURE
5.8 yrs
Board of Directors Tenure

Average tenure and age of the Ceragon Networks board of directors in years:

1.4
Average Tenure
62
Average Age
  • The average tenure for the Ceragon Networks board of directors is less than 3 years, this suggests a new board.
Board of Directors

Zohar Zisapel

TITLE
Chairman of the Board
AGE
70
TENURE
23.3 yrs

Ira Palti

TITLE
President
COMPENSATION
$1M
AGE
61
TENURE
1.4 yrs

Shlomo Liran

TITLE
External Director
AGE
68
TENURE
4.3 yrs

Avi Berger

TITLE
External Director
AGE
56
TENURE
1.4 yrs

Meir Sperling

TITLE
External Director
AGE
70
TENURE
1.4 yrs

Yael Langer

TITLE
Director
AGE
54
TENURE
18.9 yrs

Avi Eizenman

TITLE
Independent Director
AGE
62
TENURE
1.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Ceragon Networks's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Ceragon Networks has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is Ceragon Networks's (NASDAQ:CRNT) Share Price Gain Of 204% Well Earned?

(NASDAQ:CRNT) shareholders have seen the share price descend 12% over the month. … During three years of share price growth, Ceragon Networks achieved compound earnings per share growth of 182% per year. … This EPS growth is higher than the 45% average annual increase in the share price.

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Is Ceragon Networks Ltd.'s (NASDAQ:CRNT) 13% Better Than Average?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Our data shows Ceragon Networks has a return on equity of 13% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

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What Should You Know About Ceragon Networks Ltd's (NASDAQ:CRNT) Return On Capital?

and want to better understand how you can grow your money by investing in Ceragon Networks Ltd (NASDAQ:CRNT). … Therefore, looking at how efficiently Ceragon Networks is able to use capital to create earnings will help us understand your potential return. … Investors use many different metrics but the analysis below focuses on return on capital employed (ROCE).

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Should You Worry About Ceragon Networks Ltd's (NASDAQ:CRNT) CEO Pay Check?

Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … This is because, if incentives are aligned, more value is created for shareholders which directly impacts your returns as an investor. … CEOs leading companies of similar size and profitability

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Why Ceragon Networks Ltd's (NASDAQ:CRNT) Ownership Structure Is Important

In this article, I'm going to take a look at Ceragon Networks Ltd’s (NASDAQ:CRNT) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … The impact of a company's ownership structure affects both its short- and long-term performance. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment.

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Should You Buy Ceragon Networks Ltd (NASDAQ:CRNT) At US$03.78?

Ceragon Networks Ltd (NASDAQ:CRNT), a communications company based in Israel,. … Let’s take a look at Ceragon Networks’s outlook and value based on the most recent financial data to see if the opportunity still exists? … What does the future of Ceragon Networks look like

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Can Ceragon Networks Ltd (NASDAQ:CRNT) Continue To Outperform Its Industry?

See our latest analysis for Ceragon Networks What you must know about ROE Return on Equity (ROE) weighs Ceragon Networks’s profit against the level of its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of Ceragon Networks’s equity capital deployed. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity NasdaqGS:CRNT Last Perf Feb 12th 18 The first component is profit margin, which measures how much of sales is retained after the company pays for all its expenses.

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What Are Analysts Expecting From Ceragon Networks Ltd (CRNT) In Next 12 Months?

Ceragon Networks Ltd (NASDAQ:CRNT) is expected to deliver an underwhelming -30.08% in earnings per share drop over the next year. … In the same period revenue is expected to decline from $333M $0M NasdaqGS:CRNT Past Future Earnings Nov 7th 17 Is this similar growth to the past? … CRNT is expected to face a massive swing from a previous triple-digit growth, over the past year, to a forecast double-digit decline by analysts.

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Company Info

Description

Ceragon Networks Ltd. provides wireless backhaul solutions that enable cellular operators and other wireless service providers to deliver voice and data services worldwide. Its wireless backhaul solutions use microwave and millimeter wave technology to transfer telecommunication traffic between base stations, small sells, and the core of the service provider’s network. The company also provides wireless fronthaul solutions that use microwave technology for communication between LTE/LTE-advanced base band digital unit stations and remote radio heads. In addition, it offers IP-20 all-outdoor solutions, such as IP-20C, IP-20C-HP, IP-20S, IP-20E, and IP-20V; IP-20 split-mount/all-indoor solutions comprising IP-20N/IP-20A, IP-20GX, IP-20F, and IP-20G; and IP-50 disaggregated solutions, including IP-50E, IP-50C, and IP-50FX for various short-haul, long-haul, fronthaul, and enterprise access applications. Further, the company provides network management system; and network and radio planning, site survey, solutions development, installation, maintenance, training, and other services. Ceragon Networks Ltd. provides its services to smart-phone applications, such as Internet browsing, social networking, image sharing, music, and video applications; oil and gas companies; public safety organizations; business and public institutions; broadcasters; energy utilities; and private communications networks. The company sells its products through direct sales, original equipment manufacturers, resellers, distributors, and system integrators. Ceragon Networks Ltd. has a collaboration agreement with NEC Corporation. The company was formerly known as Giganet Ltd. and changed its name to Ceragon Networks Ltd. in September 2000. Ceragon Networks Ltd. was founded in 1996 and is headquartered in Tel Aviv, Israel.

Details
Name: Ceragon Networks Ltd.
CRNT
Exchange: NasdaqGS
Founded: 1996
$146,018,842
80,230,133
Website: http://www.ceragon.com
Address: Ceragon Networks Ltd.
24 Raoul Wallenberg Street,
Tel Aviv,
69719,
Israel
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS CRNT Ordinary Shares Nasdaq Global Select US USD 04. Aug 2000
DB GGN Ordinary Shares Deutsche Boerse AG DE EUR 04. Aug 2000
Number of employees
Current staff
Staff numbers
958
Ceragon Networks employees.
Industry
Communications Equipment
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/10 23:44
End of day share price update: 2019/11/08 00:00
Last estimates confirmation: 2019/11/04
Last earnings filing: 2019/11/04
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.