Ceragon Working Capital vs Operating Income Analysis

CRNT Stock

USD 2.79 0.03 1.09%

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 Working Capital and its Operating Income 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.

Working Capital vs Operating Income

Working Capital vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ceragon Networks Working Capital account and Operating Income. At this time, the significance of the direction appears to have no relationship.

The correlation between Ceragon Networks' Working Capital and Operating Income is 0.0. Overlapping area represents the amount of variation of Working Capital that can explain the historical movement of Operating Income 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' Working Capital and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Working Capital of Ceragon Networks are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Working Capital i.e., Ceragon Networks' Working Capital and Operating Income go up and down completely randomly.

Correlation Coefficient

0.0

Relationship Direction	Flat
Relationship Strength	Insignificant

View All Relationships

Working Capital

The difference between a company’s current assets and current liabilities, indicating the liquidity and operational efficiency of the business.

Operating Income

Operating Income is the amount of profit realized from Ceragon Networks operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Ceragon Networks is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

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.At this time, Ceragon Networks' Enterprise Value Over EBITDA is comparatively stable compared to the past year. 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 Profit	88.4M	93.1M	119.9M	78.3M
Total Revenue	290.8M	295.2M	347.2M	246.0M

Gross Profit Total Revenue

Ceragon Networks fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Other Liab	Other Assets	Other Current Assets
Total Assets		0.65	0.77	0.91	0.81	0.56	0.16	-0.39	0.88	0.75	0.83	0.29	0.83	0.9	0.29	0.21	0.81	0.92	0.61	0.94	0.08	0.98	0.29	0.86	0.53	0.29
Short Long Term Debt Total	0.65		0.58	0.76	0.28	0.58	0.75	-0.37	0.55	0.49	0.57	0.15	0.52	0.57	0.16	0.03	0.6	0.63	0.34	0.76	0.37	0.63	0.18	0.65	0.09	0.15
Other Current Liab	0.77	0.58		0.81	0.41	0.2	0.29	-0.12	0.61	0.58	0.55	0.07	0.71	0.71	-0.02	-0.15	0.79	0.68	0.25	0.86	-0.11	0.79	-0.03	0.85	0.39	0.38
Total Current Liabilities	0.91	0.76	0.81		0.54	0.39	0.23	-0.39	0.91	0.84	0.61	0.04	0.86	0.92	0.26	0.11	0.71	0.78	0.51	0.97	0.0	0.94	0.25	0.82	0.34	0.12
Total Stockholder Equity	0.81	0.28	0.41	0.54		0.69	-0.1	-0.52	0.67	0.51	0.82	0.53	0.55	0.68	0.51	0.52	0.49	0.82	0.76	0.56	0.21	0.75	0.51	0.51	0.57	0.22
Property Plant And Equipment Net	0.56	0.58	0.2	0.39	0.69		0.48	-0.73	0.44	0.23	0.7	0.58	0.22	0.42	0.58	0.59	0.29	0.63	0.74	0.38	0.67	0.47	0.62	0.28	0.24	0.12
Net Debt	0.16	0.75	0.29	0.23	-0.1	0.48		-0.1	-0.06	-0.17	0.33	0.23	-0.07	-0.02	-0.1	-0.14	0.36	0.29	-0.03	0.29	0.49	0.1	-0.06	0.29	-0.08	0.39
Retained Earnings	-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	-0.87	0.13	-0.4	-0.92	-0.25	-0.38	-0.4	-0.92	0.04	-0.06	0.3
Accounts Payable	0.88	0.55	0.61	0.91	0.67	0.44	-0.06	-0.52		0.87	0.58	0.12	0.82	0.97	0.43	0.32	0.56	0.72	0.66	0.86	-0.04	0.92	0.41	0.67	0.4	-0.09
Cash	0.75	0.49	0.58	0.84	0.51	0.23	-0.17	-0.4	0.87		0.39	-0.12	0.93	0.87	0.27	0.14	0.45	0.5	0.49	0.77	-0.04	0.82	0.25	0.64	0.21	-0.26
Non Current Assets Total	0.83	0.57	0.55	0.61	0.82	0.7	0.33	-0.29	0.58	0.39		0.65	0.46	0.62	0.29	0.27	0.76	0.86	0.55	0.7	0.22	0.72	0.3	0.73	0.67	0.42
Non Currrent Assets Other	0.29	0.15	0.07	0.04	0.53	0.58	0.23	-0.29	0.12	-0.12	0.65		-0.18	0.22	0.34	0.41	0.21	0.35	0.43	0.1	0.03	0.15	0.35	0.12	0.73	0.13
Cash And Short Term Investments	0.83	0.52	0.71	0.86	0.55	0.22	-0.07	-0.25	0.82	0.93	0.46	-0.18		0.82	0.08	-0.04	0.63	0.63	0.37	0.85	0.01	0.89	0.07	0.77	0.22	0.05
Net Receivables	0.9	0.57	0.71	0.92	0.68	0.42	-0.02	-0.5	0.97	0.87	0.62	0.22	0.82		0.39	0.29	0.6	0.72	0.65	0.88	-0.12	0.93	0.38	0.71	0.51	-0.07
Common Stock Total Equity	0.29	0.16	-0.02	0.26	0.51	0.58	-0.1	-0.91	0.43	0.27	0.29	0.34	0.08	0.39		0.97	-0.23	0.35	0.92	0.11	0.19	0.27	1.0	-0.16	0.16	-0.29
Common Stock Shares Outstanding	0.21	0.03	-0.15	0.11	0.52	0.59	-0.14	-0.87	0.32	0.14	0.27	0.41	-0.04	0.29	0.97		-0.28	0.3	0.89	-0.01	0.2	0.18	0.97	-0.25	0.18	-0.25
Non Current Liabilities Total	0.81	0.6	0.79	0.71	0.49	0.29	0.36	0.13	0.56	0.45	0.76	0.21	0.63	0.6	-0.23	-0.28		0.77	0.09	0.85	-0.02	0.77	-0.23	0.96	0.52	0.6
Inventory	0.92	0.63	0.68	0.78	0.82	0.63	0.29	-0.4	0.72	0.5	0.86	0.35	0.63	0.72	0.35	0.3	0.77		0.61	0.83	0.19	0.88	0.35	0.76	0.48	0.51
Other Stockholder Equity	0.61	0.34	0.25	0.51	0.76	0.74	-0.03	-0.92	0.66	0.49	0.55	0.43	0.37	0.65	0.92	0.89	0.09	0.61		0.41	0.22	0.58	0.92	0.17	0.34	-0.15
Total Liab	0.94	0.76	0.86	0.97	0.56	0.38	0.29	-0.25	0.86	0.77	0.7	0.1	0.85	0.88	0.11	-0.01	0.85	0.83	0.41		-0.01	0.95	0.11	0.92	0.42	0.29
Property Plant And Equipment Gross	0.08	0.37	-0.11	0.0	0.21	0.67	0.49	-0.38	-0.04	-0.04	0.22	0.03	0.01	-0.12	0.19	0.2	-0.02	0.19	0.22	-0.01		0.03	0.25	0.01	-0.47	0.06
Total Current Assets	0.98	0.63	0.79	0.94	0.75	0.47	0.1	-0.4	0.92	0.82	0.72	0.15	0.89	0.93	0.27	0.18	0.77	0.88	0.58	0.95	0.03		0.26	0.85	0.45	0.23
Common Stock	0.29	0.18	-0.03	0.25	0.51	0.62	-0.06	-0.92	0.41	0.25	0.3	0.35	0.07	0.38	1.0	0.97	-0.23	0.35	0.92	0.11	0.25	0.26		-0.16	0.14	-0.28
Other Liab	0.86	0.65	0.85	0.82	0.51	0.28	0.29	0.04	0.67	0.64	0.73	0.12	0.77	0.71	-0.16	-0.25	0.96	0.76	0.17	0.92	0.01	0.85	-0.16		0.45	0.44
Other Assets	0.53	0.09	0.39	0.34	0.57	0.24	-0.08	-0.06	0.4	0.21	0.67	0.73	0.22	0.51	0.16	0.18	0.52	0.48	0.34	0.42	-0.47	0.45	0.14	0.45		0.3
Other Current Assets	0.29	0.15	0.38	0.12	0.22	0.12	0.39	0.3	-0.09	-0.26	0.42	0.13	0.05	-0.07	-0.29	-0.25	0.6	0.51	-0.15	0.29	0.06	0.23	-0.28	0.44	0.3

Click cells to compare fundamentals

Ceragon Networks Account Relationship Matchups

Ceragon Networks fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	289.9M	272.4M	292.6M	301.6M	298.5M	249.4M
Other Current Liab	28.2M	24.0M	23.7M	20.9M	20.6M	18.6M
Total Current Liabilities	104.2M	100.4M	115.7M	132.8M	133.0M	96.1M
Total Stockholder Equity	160.4M	146.1M	137.2M	132.1M	134.0M	130.6M
Property Plant And Equipment Net	34.9M	39.1M	49.6M	47.4M	49.5M	52.0M
Net Debt	(9.3M)	(14.1M)	19.3M	31.5M	22.0M	23.1M
Retained Earnings	(229.1M)	(246.9M)	(261.7M)	(269.1M)	(275.2M)	(261.4M)
Accounts Payable	59.6M	63.7M	69.4M	67.4M	67.0M	53.8M
Cash	23.9M	27.1M	17.1M	22.9M	28.2M	24.4M
Non Current Assets Total	74.3M	72.7M	78.6M	78.6M	80.6M	50.0M
Non Currrent Assets Other	23.4M	19.2M	22.7M	22.9M	6.9M	9.9M
Cash And Short Term Investments	23.9M	27.1M	17.1M	22.9M	28.2M	31.1M
Net Receivables	129.6M	122.0M	135.5M	128.1M	107.1M	97.8M
Common Stock Shares Outstanding	80.3M	81.1M	83.4M	84.1M	85.5M	53.3M
Liabilities And Stockholders Equity	289.9M	272.4M	292.6M	301.6M	298.5M	249.4M
Non Current Liabilities Total	25.3M	25.9M	39.7M	36.7M	31.6M	22.7M
Inventory	62.1M	50.6M	61.4M	72.0M	69.8M	50.2M
Other Stockholder Equity	398.0M	400.9M	408.2M	412.1M	417.1M	318.9M
Total Liab	129.5M	126.3M	155.4M	169.5M	164.5M	118.8M
Property Plant And Equipment Gross	34.9M	38.5M	49.6M	47.4M	181.1M	190.1M
Total Current Assets	215.6M	199.7M	214.0M	223.0M	217.9M	199.3M
Accumulated Other Comprehensive Income	(8.7M)	(8.1M)	(9.5M)	(11.2M)	(8.1M)	(7.7M)
Other Liab	20.4M	22.0M	22.5M	23.5M	27.0M	18.4M
Other Assets	21.3M	27.9M	22.7M	22.9M	1.0	0.95
Other Current Assets	11.0M	14.0M	16.6M	14.9M	12.9M	10.8M
Property Plant Equipment	45.0M	38.5M	49.6M	47.4M	54.5M	57.3M
Current Deferred Revenue	1.7M	3.5M	3.4M	3.3M	8.8M	6.8M
Short Term Debt	14.6M	9.2M	19.2M	41.2M	36.5M	19.3M
Intangible Assets	7.9M	6.1M	6.3M	8.2M	16.4M	17.2M
Net Tangible Assets	152.5M	140.0M	130.9M	111.6M	128.3M	137.1M

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

0.76

PSTG

Pure Storage Financial Report 29th of May 2024

Pair Corr

Moving against Ceragon Stock

0.8	ACLS	Axcelis Technologies Financial Report 1st of May 2024	Pair Corr
0.71	CPSH	Cps Technologies	Pair Corr
0.68	III	Information Services Financial Report 13th of May 2024	Pair Corr
0.64	G	Genpact Limited Sell-off Trend	Pair Corr
0.6	PLAB	Photronics Financial Report 22nd of May 2024	Pair Corr

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 Correlation Correlation 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:

How To Invest In Ceragon

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Is Ceragon Stock a good investment?

Details

What is Ceragon Networks' Net Worth?

Details

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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 Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.

Complementary Tools for Ceragon Stock analysis

When running Ceragon Networks' price analysis, check to measure Ceragon Networks' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ceragon Networks is operating at the current time. Most of Ceragon Networks' value examination focuses on studying past and present price action to predict the probability of Ceragon Networks' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ceragon Networks' price. Additionally, you may evaluate how the addition of Ceragon Networks to your portfolios can decrease your overall portfolio volatility.

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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.

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Ceragon Working Capital vs Operating Income Analysis

Working Capital vs Operating Income

Working Capital vs Operating Income Correlation Analysis

Correlation Coefficient

Working Capital

Operating Income

Ceragon Networks fundamental ratios Correlations

Ceragon Networks Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ceragon Networks fundamental ratios Accounts

Pair Trading with Ceragon Networks

Moving together with Ceragon Stock

Moving against Ceragon Stock

Complementary Tools for Ceragon Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock	+ 1.0	Common Stock Total Equity
Total Current Assets	+ 0.98	Total Assets
Total Liab	+ 0.97	Total Current Liabilities
Net Receivables	+ 0.97	Accounts Payable
Common Stock Shares Outstanding	+ 0.97	Common Stock Total Equity
Common Stock	+ 0.97	Common Stock Shares Outstanding

Common Stock	- 0.92	Retained Earnings
Other Stockholder Equity	- 0.92	Retained Earnings
Common Stock Total Equity	- 0.91	Retained Earnings
Common Stock Shares Outstanding	- 0.87	Retained Earnings
Retained Earnings	- 0.73	Property Plant And Equipment Net
Accounts Payable	- 0.52	Retained Earnings