Ceragon Networks Ltd's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Ceragon Networks Ltd (CRNT) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Ceragon Networks Ltd vs Its Competitors
- TTM: Trailing 12-month revenue of 339M vs 25,983M combined for tracked competitors (1.3% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+300.0% annualized vs trailing 12 months), vs accelerating (+257.6%) for its tracked peer group.
- Growth: Ceragon Networks Ltd generated -14.1% revenue growth year over year in Q4 2025, vs 4.4% for its tracked competitors combined.
- Profitability: Its -0.6% net margin compares with 3.6% for the peer group.
- Scale: Ceragon Networks Ltd ranks #31 of 59 companies by market capitalization in the Consumer Electronics industry, holding 0.0% of industry market cap.
- Peer revenue share: Ceragon Networks Ltd accounted for 1.4% of combined revenue among its tracked peer group, down from 1.7% a year earlier.
- Peer differentiation: Revenue per employee of $0.31M compares with $0.32M for the peer group (1.0x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
CRNT Sales vs. its Competitors, Q4 2025
Ceragon Networks Ltd reported revenue contraction of 14.07 % year on year in Q4 2025, below its competitors' combined revenue growth of 4.42 %.
With a net margin of -0.62 %, Ceragon Networks Ltd reported lower profitability than its competitors (3.58 %).
Ceragon Networks Ltd generated 1.44 % of the combined sales of its peer group, down from 1.74 % a year earlier.
Ceragon Networks Ltd vs. its Competitors, Q4 2025
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Ceragon Networks Ltd and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Ceragon Networks Ltd | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (3) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (9) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (5) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Ceragon Networks Ltd's competitor groups requires a Commercial License.
For context: the Consumer Electronics industry grew revenue -0.5% year over year, combined, vs -14.1% for Ceragon Networks Ltd. Ceragon Networks Ltd's share of combined industry revenue moved from 0.18% to 0.16%, a loss of 0.03 percentage points.
Ceragon Networks Ltd's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Ceragon Networks Ltd | No | No | No | No |
| Competitors combined (4) | ||||
| High-Confidence Competitors (3) | ||||
| Similar-Size Competitors (9) | ||||
| Similar Growth & Profitability (8) | 25.00 % (2 of 8) | 0.00 % (0 of 8) | 0.00 % (0 of 8) | 12.50 % (1 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
CRNT Stock Performance relative to its Competitors
CRNT Stock Performance relative to High-Confidence Competitors
CRNT Stock Performance relative to Similar-Size Competitors
CRNT Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Nokia Corporation | 282.9% | Outperformed |
| 2 | Ondas Inc | 282.9% | Outperformed |
| 3 | Aviat Networks Inc | 282.9% | Outperformed |
| 4 | Ubiquiti Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Ceragon Networks Ltd's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Ceragon Networks Ltd's Comment on Competition and Industry Peers
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.
Publicly Traded Peers of Ceragon Networks Ltd
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Ceragon Networks Ltd | 185.86 | 338.73 |
| Nokia Corporation | 55,578.10 | 22,275.08 |
| Ubiquiti Inc | 33,518.73 | 3,095.85 |
| Ondas Inc | 3,867.59 | 174.10 |
| Aviat Networks Inc | 258.06 | 437.93 |
| SUBTOTAL | 93,408.34 | 26,321.69 |
Sources: Ceragon Networks Ltd's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Ceragon Networks Ltd versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Ceragon Networks Ltd's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Aviat Networks Inc | Named by the company | 85% |
| Intracom telecom | Named by the company | 85% |
| ZTE Corporation | Named by the company | 85% |
| Nokia | Named by the company | 85% |
| L.M. Ericsson Telephone Company | Named by the company | 85% |
| Huawei Technologies Co., Ltd. | Named by the company | 85% |
| SIAE Microelectronica S.p.A | Named by the company | 85% |
| NEC Corporation | Named by the company | 85% |
| Ubiquiti Inc | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Ceragon Networks Ltd's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Ceragon Networks Ltd's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Ondas Inc | Ondas Networks 100.00 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Ceragon Networks Ltd's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Ceragon Networks Ltd | 186 | 310,475 | -1,916 |
| Nokia Corporation | 55,578 | 285,578 | 9,477 |
| Ubiquiti Inc | 33,519 | 1,702,887 | 518,209 |
| Ondas Inc | 3,868 | 351,724 | 237,742 |
| Aviat Networks Inc | 258 | 486,593 | 2,821 |
| PEERS TOTAL | 93,222 | 319,936 | 22,183 |
Ceragon Networks Ltd's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Ceragon Networks Ltd | IN 34.46 % |
| Ubiquiti Inc | North America 50.34 % |
| Ondas Inc | IL 43.09 % |
| Aviat Networks Inc | North America 46.50 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Ceragon Networks Ltd's Position in Industry Market Structure
Market-capitalization share and concentration across all 54 companies in Ceragon Networks Ltd's industry classification, broader than the peer set above. Market cap in millions of $.Ceragon Networks Ltd ranks #31 of 54 companies by market capitalization in its industry, holding 0.03 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 1,778, indicating a moderately concentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Qualcomm Inc | 200,416 | 30.74 % |
| 2 | Sony Group Corporation | 144,101 | 22.10 % |
| 3 | Motorola Solutions inc | 75,588 | 11.59 % |
| 4 | Nokia Corporation | 62,247 | 9.55 % |
| 5 | Ciena Corp | 1,234 | 5.2% |
| 6 | Ubiquiti Inc | 1,234 | 5.2% |
| 7 | Ericsson Lm Telephone Co | 1,234 | 5.2% |
| 8 | Fabrinet | 1,234 | 5.2% |
| 9 | Viasat Inc | 1,234 | 5.2% |
| 10 | Planet Labs Pbc | 1,234 | 5.2% |
| 31 | Ceragon Networks Ltd | 186 | 0.03 % |
Market cap and industry share for the rest of Ceragon Networks Ltd's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-28.
Ceragon Networks Ltd's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 26 | Bk Technologies Corp | 301 | -2.73 % |
| 27 | Premium Catering holdings Limited | 274 | - |
| 28 | Aviat Networks Inc | 258 | -11.77 % |
| 29 | Vuzix Corp | 232 | -1.71 % |
| 30 | Gopro Inc | 1,234 | 12.3% |
| 31 | Ceragon Networks Ltd | 186 | -12.50 % |
| 32 | Kvh Industries Inc | 1,234 | 12.3% |
| 33 | Universal Electronics Inc | 1,234 | 12.3% |
| 34 | Energous Corporation | 1,234 | 12.3% |
| 35 | Airgain Inc | 1,234 | 12.3% |
| 36 | Genasys Inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Ceragon Networks Ltd's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-28. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Ceragon Networks Ltd's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Consumer Electronics industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (65 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 33.82 % | 34.70 % (avg) | -0.9 pp |
| Operating Margin | 2.14 % | industry median | +3.7 pp |
| EBITDA Margin | 4.44 % | -0.86 % (avg) | +5.3 pp |
| Capital Intensity (Capex / Revenue) | 4.02 % | 4.35 % (avg) | -0.3 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Ceragon Networks Ltd's Valuation vs Competitive Position
Valuation multiples vs the Consumer Electronics industry average (65 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 45.3x | - |
| EV / EBITDA | 16.9x | 19.2x | -2.3x |
| P/B | 1.2x | 4.8x | -3.7x |
| Return on Equity | -1.21 % | industry aggregate | -16.44 % |
| Return on Invested Capital | 1.68 % | 3.80 % (avg) | -2.12 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Ceragon Networks Ltd's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue Growth | 17.62 % | 13.54 % | -14.07 % |
| Operating Margin | 6.11 % | 9.82 % | 2.14 % |
| Return on Invested Capital | 5.95 % | 9.14 % | 1.68 % |
| P/E | 26.2x | 12.5x | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Ceragon Networks Ltd's Strategic Group Map
Every company in Ceragon Networks Ltd's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Ceragon Networks Ltd is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Ceragon Networks Ltd's BCG Growth-Share Matrix
Relative market share (vs Ceragon Networks Ltd's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Ceragon Networks Ltd falls in the Dog quadrant: relative market share of 0.00x vs its largest competitor, in an industry growing revenue -0.4% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Ceragon Networks Ltd's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Moderate | Industry HHI of 1,778 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Moderate, in line with the industry | Capital intensity (capex / revenue) of 4.02 % vs industry average 4.35 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Ceragon Networks Ltd's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Ceragon Networks Ltd's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Ceragon Networks Ltd's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Ceragon Networks Ltd falls in the Low attractiveness / Medium strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Ceragon Networks Ltd's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+300.0% annualized vs trailing 12 months).
Weaknesses
- Return on equity 16.4 points below the industry aggregate.
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.00x).
Opportunities
No rule matched.
Threats
No rule matched.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Ceragon Networks Ltd's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Ceragon Networks Ltd | 0.36 | 1.87 | 0.56 |
| Nokia Corporation | 0.55 | 1.58 | 0.12 |
| Ubiquiti Inc | 0.35 | 2.07 | 0.19 |
| Ondas Inc | 5.56 | 9.06 | 0.01 |
| Aviat Networks Inc | 0.28 | 1.85 | 0.38 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Ceragon Networks Ltd's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Ceragon Networks Ltd | Q4 2025 | -14.1 % | - |
| Nokia Corporation | Q4 2025 | +3.5 % | -48.6 % |
| Ubiquiti Inc | Q1 2026 | +18.7 % | +29.6 % |
| Ondas Inc | Q2 2026 | +1,235.4 % | - |
| Aviat Networks Inc | Q2 2026 | +3.8 % | - |
| PEERS TOTAL | +4.0 % | -46.2 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Ceragon Networks Ltd's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Ceragon Networks Ltd | Q4 2025 | -12.9 % | -6.7 % |
| Nokia Corporation | Q4 2025 | +8.4 % | - |
| Ubiquiti Inc | Q1 2026 | +13.3 % | - |
| Ondas Inc | Q2 2026 | +1,519.7 % | +6,904.5 % |
| Aviat Networks Inc | Q2 2026 | +8.6 % | -72.9 % |
Ceragon Networks Ltd's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Ceragon Networks Ltd | - | - | - |
| Nokia Corporation | 1.76% | 2.39% | 3.13% |
| Ubiquiti Inc | 61.39% | 95.83% | 111.92% |
| Ondas Inc | 6.62% | 7.09% | 13.14% |
| Aviat Networks Inc | 0.41% | 0.68% | 0.95% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Ceragon Networks Ltd's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Ceragon Networks Ltd | - | 0.55 |
| Nokia Corporation | 85.38 | 2.50 |
| Ubiquiti Inc | 35.56 | 10.83 |
| Ondas Inc | - | 22.21 |
| Aviat Networks Inc | 104.26 | 0.59 |
| PEERS AVERAGE | 51.91 | 3.55 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.