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Ceragon Networks Ltd   (CRNT)
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    Sector  Technology    Industry Consumer Electronics
   Industry Consumer Electronics
   Sector  Technology

Ceragon Networks Ltd 's

Competitiveness


 

CRNT Sales vs. its Competitors Q4 2023



Comparing the current results to its competitors, Ceragon Networks Ltd reported Revenue increase in the 4 quarter 2023 by 17.62 % year on year.
The sales growth was above Ceragon Networks Ltd 's competitors' average revenue growth of 14.55 %, achieved in the same quarter.

List of CRNT Competitors

With a net margin of 1.79 % Ceragon Networks Ltd achieved higher profitability than its competitors.

More on CRNT Profitability Comparisons



Revenue Growth Comparisons




Net Income Comparison


Ceragon Networks Ltd achieved net profit of $6.22 millions compared to a net loss of $-19.69 millions recorded in the same quarter a year ago.

<<  CRNT Stock Performance Comparisons


Ceragon Networks Ltd 's Comment on Competitors and Industry Peers


The market for wireless equipment is rapidly evolving, fragmented, highly competitive and subject to rapid technological change. We expect competition, which may differ from region to region, to persist, intensify and increase in the future - especially if rapid technological developments occur in the broadband wireless equipment industry or in other competing high-speed access technologies.

We compete with a number of wireless equipment providers worldwide that vary in size and in the types of products and solutions they offer. Our primary competitors include large wireless equipment manufacturers referred to as generalists, such as Huawei Technologies Co., Ltd., L.M. Ericsson Telephone Company, NEC Corporation, Nokia and ZTE Corporation. In addition to these primary competitors, a number of other smaller wireless backhaul equipment suppliers, including Aviat Networks, and SIAE Microelectronica S.p.A offer or develop products that compete with our products.

We also expect consolidation to continue as the wireless equipment market continues to be highly competitive and, as a result, we face strong price pressures. We expect to continue to be a leader in the best-of-breed segment of the wireless backhaul market in terms of market share, technology and innovation, providing significant value to our customers.

We expect that continued market pressures will drive further consolidation within equipment manufacturers competing with us and which focus solely on the best-of-breed segment of the wireless backhaul market. Examples of such previous consolidations are our acquisition of Nera Network AS in 2011 (the “Nera Acquisition”), the acquisition by Dragonwave of the wireless division of Nokia (formerly NSN), and the merger of the wireless divisions of Harris and Stratex Networks.

We expect further consolidations will take place within the generalists; the most recent is the merger between Nokia and Alcatel-Lucent, while Nokia itself is the result of a previous joint venture between Nokia and Siemens, and Alcatel-Lucent is the result of a previous merger between Alcatel and Lucent.

Further market consolidations among industry generalists may drive some operators, which seek best-of-breed solutions, to seek “bundled” network solutions from these generalists. This trend may put an additional strain on our competitiveness.

We believe we compete favorably on the basis of:


our focus on the mobile market and active involvement in shaping next generation standards and technologies, which deliver best customer value;


product performance, reliability and functionality, which assist our customers to achieve the highest value;


range and maturity of product portfolio, including the ability to provide solutions in every widely available microwave and millimeter-wave licensed and license-exempt frequency, as well as our ability to provide both circuit switch and IP solutions and therefore to facilitate a migration path for circuit-switched to IP-based networks;


cost structure;


focus on high-capacity, point-to-point microwave technology, which allows us to quickly adapt to our customers’ evolving needs;



range of rollout services offering for faster deployment of an entire network and reduced total cost of ownership;


support and technical service, experience and commitment to high quality customer service, and


our ability to expand to other vertical markets such as oil and gas and public safety, by drawing upon the capabilities of our technologies and solutions.

Our products also indirectly compete with other high-speed communications solutions, including fiber optic lines and other wireless technologies.





  

Overall company Market Share Q4 2023

Overall company sales advanced by 17.62 % and Ceragon Networks Ltd increased its market share in Overall company segment.
<<  More on CRNT Market Share.
 
*Market share is calculated based on total revenue.





Who are Ceragon Networks Ltd 's Competitors?




Aviat Networks Inc
Share Performance



+17.55%
This Quarter



Aviat Networks Inc
Profile

Aviat Networks Inc operates as a provider of microwave networking solutions, offering a comprehensive portfolio of products and services to enable wireless networks for telecommunications operators and government agencies. Their business model revolves around developing, manufacturing, selling, and supporting microwave networking solutions that facilitate high-performance, reliable, and secure communication networks.

More about Aviat Networks Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 456.998 mill. $ 355.919 mill. $ 15.123 mill.


Nokia Corp
Share Performance



+0.28%
30 Days



Nokia Corp
Profile

create technology that helps the world act together

More about Nokia Corp's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 20,060.000 mill. $ 27,900.320 mill. $ 4,770.080 mill.


Ondas Holdings Inc
Share Performance



-30.71%
30 Days



Ondas Holdings Inc
Profile

is a leading provider of private wireless, drone, and automated data solutions

More about Ondas Holdings Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 52.276 mill. $ 11.209 mill. $ -69.180 mill.



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