Ceragon Networks: Strong Demand Keeps Me Bullish
Ceragon Networks is rated a Buy, supported by a record-high backlog including $120M in Indian orders and strong North American Tier-1 carrier progress, alongside an appealing valuation despite execution risks. Management lowered 2024 margin guidance due to supply-chain and mix headwinds, but maintained its 2026 revenue outlook and expects earnings recovery by 2027.
Why it matters — A CRNT watcher would care because record backlog and surging demand in India and North America signal strong order momentum, even as persistent margin pressures and reduced 2024 guidance highlight ongoing operational challenges.