Stock fact sheet · data as of
Ceragon Networks Ltd. (CRNT): fair value, margin of safety and Wheel Score
Ticker symbol CRNT · Technology · Communication Equipment · Israel · Speculative
Is CRNT undervalued?
Ceragon Networks Ltd. (CRNT) closed at 2.00 on 5 Nov 2026. The GLS average fair value - the simple average of the 1 valuation models that produced a positive number - is 5.41, which puts the price 63% below it. 1 of the 1 models value the shares above the current price. A gap this wide is rare in our universe of ~7,400 US stocks and is exactly what the Value part of the Wheel Score rewards; it is also where the question "why is it this cheap?" matters most.
The average is built from just 1 models (10 Cap) - the rest returned nothing because an input they need (dividends, free cash flow, book value) is zero or negative - so treat it with more caution than usual.
The nightly engine files CRNT under Speculative - it is losing money or its Piotroski health score is 3 or lower - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for CRNT
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | - | - | The most a defensive investor pays for the earnings and book value per share; no value tonight |
| Graham Growth | - | - | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields; no value tonight |
| Lynch | - | - | EPS × the earnings growth rate (PEG of 1), growth capped at 25%; no value tonight |
| GLS Growth | - | - | EPS compounded ten years at the blended growth rate, discounted back at 15% a year; no value tonight |
| 10 Cap | 5.41 | +170% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | 0.8902 | -55% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 4.25 | +113% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Ceragon Networks Ltd. scores only 2 of 9 on the Piotroski F-score, which fails the "Piotroski 6 or more" Wheel Trade Filter. A reading this low means several of the basic tests - positive earnings, positive operating cash flow, falling debt, no new share issuance - are not met. On durability CRNT scores 6.0/10 on the GLS Moat - a middle reading; the Moat Score tab on the Quote page's Financials view shows which of the four parts hold it back.
Returns on capital are thin or negative - ROIC -0.9%, ROE -1.2%, ROA -0.7% - with debt at 0.29 times equity and a free-cash-flow yield of 9.7%.
Ceragon Networks Ltd. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain.
Institutional ownership scores 3/10, insider activity 4/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 2 / 9 | ROIC | -0.9% |
|---|---|---|---|
| GLS Moat | 6.0 / 10 | ROE | -1.2% |
| Debt / equity | 0.29 | ROA | -0.7% |
| Free-cash-flow yield | 9.7% | Payout ratio | 0% |
| Institutions | 3 / 10 | Insiders · Congress | 4 · 5 / 10 |
Wheel Score 42: Weak
With a Wheel Score of 42 Ceragon Networks Ltd. sits in the Weak band. It fails filter 1, options that actually trade - options too quiet (4,042 open interest, 28 a day); and filter 2, a real business, not a gamble - speculative (a loss, or a weak Piotroski score); and filter 4, financially healthy - Piotroski 2/9 (under 6); and filter 8, big enough - market cap $182M (under $1.0B); and filter 9, not a penny stock - price 2.00 (under $5); Option trading (weak) is its weakest part.
Implied volatility is 59% on the near-the-money contracts 20-60 days out - inside the 35-60% sweet spot the Wheel Score rewards most: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is 4,042 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 355k shares a day on a market cap of $182M, with a beta of 1.33 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | options too quiet (4,042 open interest, 28 a day) |
| 2 | A real business, not a gamble | Fails | speculative (a loss, or a weak Piotroski score) |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Fails | Piotroski 2/9 (under 6) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Fails | market cap $182M (under $1.0B) |
| 9 | Not a penny stock | Fails | price 2.00 (under $5) |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 63% below fair value | |
| Premium | Strong | implied volatility 59% | |
| Moat | Good | moat 6.0/10 | |
| Health | Weak | Piotroski 2/9 | |
| Red Flags | Fair | Red Flags score 70/100 | |
| Option trading | Weak | 28 contracts a day, 4,042 open interest | |
| Stability | Fair | beta 1.33, $182M company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
Ceragon Networks Ltd. reports earnings on 5 Nov 2026 (before the open) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Communication Equipment
The 12 companies below are the closest to Ceragon Networks Ltd. by market cap within the Communication Equipment industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| SILC Silicom Ltd. | 31.76 | 11.02 | -188% | 10No options | $183M |
| AUDC AudioCodes Ltd. | 8.09 | 7.57 | -7% | 31Weak | $195M |
| BKTI BK Technologies Corporation | 66.97 | 120.69 | +45% | 31No options | $252M |
| AVNW Aviat Networks, Inc. | 19.90 | 8.75 | -127% | 26Weak | $256M |
| KVHI KVH Industries, Inc. | 7.09 | 1.45 | -389% | 27Weak | $129M |
| LTRX Lantronix, Inc. | 5.65 | 2.74 | -106% | 26Weak | $265M |
| OCC Optical Cable Corporation | 11.21 | 7.46 | -50% | 17No options | $99M |
| ADTN ADTRAN Holdings Inc. | 4.73 | 9.26 | +49% | 46Weak | $385M |
| INSG Inseego Corp. | 4.83 | 0.5393 | -796% | 6Weak | $83M |
| AMPG AmpliTech Group, Inc. | 2.48 | - | - | 11Weak | $75M |
| CLFD Clearfield, Inc. | 32.88 | 13.71 | -140% | 25Weak | $447M |
| GNSS Genasys Inc. | 1.42 | - | - | 14Weak | $65M |
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Start free See the Sunday ScanQuestions about CRNT
Is CRNT undervalued right now?
By the GLS models, yes: at 2.00 the stock is 63% below the average fair value of 5.41 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of CRNT and what does it mean?
CRNT scores 42 out of 100 (Weak) - it fails Wheel Trade Filters 1, 2, 4, 8, 9. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for CRNT?
5.41 per share as of 5 Nov 2026 - the simple average of the 1 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Ceragon Networks Ltd. report earnings next?
The next earnings report is due on 5 Nov 2026 (before the open), 0 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does CRNT have listed options, and how liquid are they?
Yes. The nightly snapshot found 4 listed contracts with 4,042 open interest across all expiries and implied volatility of 59% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.