Ceragon Income Tax Expense vs Gross Profit Analysis

CRNT Stock  USD 3.22  0.03  0.94%   
Ceragon Networks financial indicator trend analysis is way more than just evaluating Ceragon Networks prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ceragon Networks is a good investment. Please check the relationship between Ceragon Networks Income Tax Expense and its Gross Profit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ceragon Networks. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
For more information on how to buy Ceragon Stock please use our How to Invest in Ceragon Networks guide.

Income Tax Expense vs Gross Profit

Income Tax Expense vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ceragon Networks Income Tax Expense account and Gross Profit. At this time, the significance of the direction appears to have no relationship.
The correlation between Ceragon Networks' Income Tax Expense and Gross Profit is 0.03. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Ceragon Networks, assuming nothing else is changed. The correlation between historical values of Ceragon Networks' Income Tax Expense and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Tax Expense of Ceragon Networks are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Income Tax Expense i.e., Ceragon Networks' Income Tax Expense and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.03
Relationship DirectionPositive 
Relationship StrengthInsignificant

Income Tax Expense

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Ceragon Networks minus its cost of goods sold. It is profit before Ceragon Networks operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Most indicators from Ceragon Networks' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ceragon Networks current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ceragon Networks. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
For more information on how to buy Ceragon Stock please use our How to Invest in Ceragon Networks guide.Enterprise Value Multiple is likely to gain to 6.48 in 2024, whereas Selling General Administrative is likely to drop slightly above 19.9 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit88.4M93.1M119.9M78.3M
Total Revenue290.8M295.2M347.2M246.0M

Ceragon Networks fundamental ratios Correlations

0.650.770.910.810.560.16-0.390.880.750.830.290.830.90.290.210.810.920.610.940.080.980.290.860.530.29
0.650.580.760.280.580.75-0.370.550.490.570.150.520.570.160.020.60.630.340.760.370.630.180.650.090.15
0.770.580.810.410.20.29-0.120.610.580.550.070.710.71-0.02-0.140.790.680.250.86-0.110.79-0.030.850.390.38
0.910.760.810.540.390.23-0.390.910.840.610.040.860.920.260.110.710.780.510.970.00.940.250.820.340.12
0.810.280.410.540.69-0.1-0.520.670.510.820.530.550.680.510.530.490.820.760.560.210.750.510.510.570.22
0.560.580.20.390.690.48-0.730.440.230.70.580.220.420.580.590.290.630.740.380.670.470.620.280.240.12
0.160.750.290.23-0.10.48-0.1-0.06-0.170.330.23-0.07-0.02-0.1-0.160.360.29-0.030.290.490.1-0.060.29-0.080.39
-0.39-0.37-0.12-0.39-0.52-0.73-0.1-0.52-0.4-0.29-0.29-0.25-0.5-0.91-0.870.13-0.4-0.92-0.25-0.38-0.4-0.920.04-0.060.3
0.880.550.610.910.670.44-0.06-0.520.870.580.120.820.970.430.330.560.720.660.86-0.040.920.410.670.4-0.09
0.750.490.580.840.510.23-0.17-0.40.870.39-0.120.930.870.270.150.450.50.490.77-0.040.820.250.640.21-0.26
0.830.570.550.610.820.70.33-0.290.580.390.650.460.620.290.260.760.860.550.70.220.720.30.730.670.42
0.290.150.070.040.530.580.23-0.290.12-0.120.65-0.180.220.340.390.210.350.430.10.030.150.350.120.730.13
0.830.520.710.860.550.22-0.07-0.250.820.930.46-0.180.820.08-0.030.630.630.370.850.010.890.070.770.220.05
0.90.570.710.920.680.42-0.02-0.50.970.870.620.220.820.390.290.60.720.650.88-0.120.930.380.710.51-0.07
0.290.16-0.020.260.510.58-0.1-0.910.430.270.290.340.080.390.97-0.230.350.920.110.190.271.0-0.160.16-0.29
0.210.02-0.140.110.530.59-0.16-0.870.330.150.260.39-0.030.290.97-0.280.290.89-0.010.20.180.97-0.250.18-0.26
0.810.60.790.710.490.290.360.130.560.450.760.210.630.6-0.23-0.280.770.090.85-0.020.77-0.230.960.520.6
0.920.630.680.780.820.630.29-0.40.720.50.860.350.630.720.350.290.770.610.830.190.880.350.760.480.51
0.610.340.250.510.760.74-0.03-0.920.660.490.550.430.370.650.920.890.090.610.410.220.580.920.170.34-0.15
0.940.760.860.970.560.380.29-0.250.860.770.70.10.850.880.11-0.010.850.830.41-0.010.950.110.920.420.29
0.080.37-0.110.00.210.670.49-0.38-0.04-0.040.220.030.01-0.120.190.2-0.020.190.22-0.010.030.250.01-0.470.06
0.980.630.790.940.750.470.1-0.40.920.820.720.150.890.930.270.180.770.880.580.950.030.260.850.450.23
0.290.18-0.030.250.510.62-0.06-0.920.410.250.30.350.070.381.00.97-0.230.350.920.110.250.26-0.160.14-0.28
0.860.650.850.820.510.280.290.040.670.640.730.120.770.71-0.16-0.250.960.760.170.920.010.85-0.160.450.44
0.530.090.390.340.570.24-0.08-0.060.40.210.670.730.220.510.160.180.520.480.340.42-0.470.450.140.450.3
0.290.150.380.120.220.120.390.3-0.09-0.260.420.130.05-0.07-0.29-0.260.60.51-0.150.290.060.23-0.280.440.3
Click cells to compare fundamentals

Ceragon Networks Account Relationship Matchups

Ceragon Networks fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets289.9M272.4M292.6M301.6M298.5M249.4M
Other Current Liab28.2M24.0M23.7M20.9M20.6M18.6M
Total Current Liabilities104.2M100.4M115.7M132.8M133.0M96.1M
Total Stockholder Equity160.4M146.1M137.2M132.1M134.0M130.6M
Property Plant And Equipment Net34.9M39.1M49.6M47.4M49.5M52.0M
Net Debt(9.3M)(14.1M)19.3M31.5M22.0M23.1M
Retained Earnings(229.1M)(246.9M)(261.7M)(269.1M)(275.2M)(261.4M)
Accounts Payable59.6M63.7M69.4M67.4M67.0M53.8M
Cash23.9M27.1M17.1M22.9M28.2M24.4M
Non Current Assets Total74.3M72.7M78.6M78.6M80.6M50.0M
Non Currrent Assets Other23.4M19.2M22.7M22.9M6.9M9.9M
Cash And Short Term Investments23.9M27.1M17.1M22.9M28.2M31.1M
Net Receivables129.6M122.0M135.5M128.1M107.1M97.8M
Common Stock Shares Outstanding81.0M80.3M81.1M83.4M85.5M53.2M
Liabilities And Stockholders Equity289.9M272.4M292.6M301.6M298.5M249.4M
Non Current Liabilities Total25.3M25.9M39.7M36.7M31.6M22.7M
Inventory62.1M50.6M61.4M72.0M69.8M50.2M
Other Stockholder Equity398.0M400.9M408.2M412.1M417.1M318.9M
Total Liab129.5M126.3M155.4M169.5M164.5M118.8M
Property Plant And Equipment Gross34.9M38.5M49.6M47.4M181.1M190.1M
Total Current Assets215.6M199.7M214.0M223.0M217.9M199.3M
Accumulated Other Comprehensive Income(8.7M)(8.1M)(9.5M)(11.2M)(8.1M)(7.7M)
Other Liab20.4M22.0M22.5M23.5M27.0M18.4M
Other Assets21.3M27.9M22.7M22.9M1.00.95
Other Current Assets11.0M14.0M16.6M14.9M12.9M10.8M
Property Plant Equipment45.0M38.5M49.6M47.4M54.5M57.3M
Current Deferred Revenue1.7M3.5M3.4M3.3M8.8M6.8M
Short Term Debt14.6M9.2M19.2M41.2M36.5M19.3M
Intangible Assets7.9M6.1M6.3M8.2M16.4M17.2M
Net Tangible Assets152.5M140.0M130.9M111.6M128.3M137.1M

Pair Trading with Ceragon Networks

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ceragon Networks position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ceragon Networks will appreciate offsetting losses from the drop in the long position's value.

Moving together with Ceragon Stock

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The ability to find closely correlated positions to Ceragon Networks could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ceragon Networks when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ceragon Networks - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ceragon Networks to buy it.
The correlation of Ceragon Networks is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ceragon Networks moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ceragon Networks moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ceragon Networks can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Ceragon Networks is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Ceragon Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Ceragon Networks Stock. Highlighted below are key reports to facilitate an investment decision about Ceragon Networks Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ceragon Networks. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
For more information on how to buy Ceragon Stock please use our How to Invest in Ceragon Networks guide.
You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.

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Is Ceragon Networks' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ceragon Networks. If investors know Ceragon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ceragon Networks listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.84)
Earnings Share
0.07
Revenue Per Share
4.103
Quarterly Revenue Growth
0.196
Return On Assets
0.049
The market value of Ceragon Networks is measured differently than its book value, which is the value of Ceragon that is recorded on the company's balance sheet. Investors also form their own opinion of Ceragon Networks' value that differs from its market value or its book value, called intrinsic value, which is Ceragon Networks' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ceragon Networks' market value can be influenced by many factors that don't directly affect Ceragon Networks' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ceragon Networks' value and its price as these two are different measures arrived at by different means. Investors typically determine if Ceragon Networks is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ceragon Networks' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.