Ceragon Networks Stock Fair Value – CERAGON NETWORKS Reports 21.9% Increase in Revenue for Q2 FY2023
August 8, 2023
☀️Earnings Overview
On August 1 2023, CERAGON NETWORKS ($NASDAQ:CRNT) reported total revenue of USD 86.2 million for the quarter ended June 30 2023, a year-on-year increase of 21.9%. The company also saw net income of USD 2.1 million for the same period, recovering from a loss of -1.5 million in the prior year.
Analysis – Ceragon Networks Stock Fair Value
GoodWhale has undertaken an analysis of CERAGON NETWORKS‘s financials and concluded that the fair value of CERAGON NETWORKS share is around $2.9, calculated by our proprietary Valuation Line. Moreover, we have noted that the current market price for CERAGON NETWORKS stock is at $2.2, representing a 23.8% discount to the fair value. This implies that CERAGON NETWORKS may be undervalued and investors may have an opportunity to benefit from long-term appreciation as the stock is trading at a significant discount to its intrinsic value. We advise investors to take a closer look at CERAGON NETWORKS before making any investment decisions. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ceragon Networks. More…
| Total Revenues | Net Income | Net Margin |
| 323.74 | -11.82 | -2.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ceragon Networks. More…
| Operations | Investing | Financing |
| 6.78 | -13.93 | 7.98 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ceragon Networks. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 294.46 | 168.08 | 1.5 |
Key Ratios Snapshot
Some of the financial key ratios for Ceragon Networks are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.3% | -43.1% | -0.1% |
| FCF Margin | ROE | ROA |
| -2.2% | -0.1% | -0.1% |
Peers
The company’s main competitors are Impinj Inc, Ubiquiti Inc, and Eutelsat Communications. Ceragon Networks Ltd has a market share of xx%.
– Impinj Inc ($NASDAQ:PI)
Impinj is a provider of radio frequency identification solutions. The company’s RFID solutions include readers, tags, and software that work together to identify and track items. Impinj’s products are used in a variety of applications, including retail inventory management, hospital asset tracking, and food tracing.
Impinj’s market cap is $3.01 billion as of 2022. The company’s return on equity is 555.91%. Impinj’s products are used in a variety of applications, including retail inventory management, hospital asset tracking, and food tracing.
– Ubiquiti Inc ($NYSE:UI)
Ubiquiti Inc is a technology company that provides wireless networking products and solutions. The company has a market cap of 21.16B as of 2022 and a return on equity of -80.49%. Ubiquiti’s products and solutions are used in a variety of applications, including residential, enterprise, and industrial. The company’s products are designed to be easy to use and install, and are used in a variety of environments, including homes, offices, schools, hospitals, and factories.
– Eutelsat Communications ($OTCPK:ETCMY)
Eutelsat Communications is a leading satellite operator providing high-quality, high-speed broadband and broadcast services to consumers, enterprises, and governmental organizations worldwide. The company has a market cap of 2.15B as of 2022 and a Return on Equity of 9.77%. Eutelsat operates a fleet of over 50 satellites and provides services to over 1,000 customers in over 150 countries. The company’s services include fixed and mobile broadband, data and voice communications, video distribution, and broadcasting.
Summary
Investors in CERAGON NETWORKS have seen positive returns following the announcement of their earnings results for FY2023 Q2. Total revenue for the quarter increased 21.9% year-on-year to USD 86.2 million, while net income grew to USD 2.1 million from a loss of -1.5 million in the same period last year. This strong performance has been reflected in the stock price, which moved up on the day of the announcement. Going forward, investors may look to CERAGON NETWORKS for further growth opportunities as it continues to deliver strong financial results.
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