Ceragon Networks vs Harmonic
Ceragon Networks and Harmonic are similar in size: $339m and $361m of revenue in their latest fiscal years. Ceragon Networks grew faster (-14.1% against -26.2%). Ceragon Networks kept more of each dollar of sales as profit: a net margin of -0.6% against -12.0%. Ceragon Networks carries less debt relative to equity (11.0% against 29.2%).
| Latest fiscal year | Ceragon NetworksCRNT, 2025 | HarmonicHLIT, 2025 |
|---|---|---|
| Revenue | $339m | $361m |
| Revenue growth | -14.1% | -26.2% |
| Net income | −$2.1m | −$43.3m |
| Operating margin | 2.1% | 3.9% |
| Net margin | -0.6% | -12.0% |
| Return on equity | -1.2% | -10.2% |
| Free cash flow | $17.9m | $96.9m |
| Cash | $38.4m | $124m |
| Total debt | $19.0m | $112m |
| Debt to equity | 11.0% | 29.2% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $79.0m |
| Employees | — | 534 |
| Market value | $184m | $1.12bn |
| Price vs our value range | Below our value range | Above our value range |
| Moat score | 27 (Weak) | 47 (Moderate) |
| Insider trades, 12 months | 0 buys, 2 sales | 1 buys, 5 sales |