Ceragon Networks Ltd（CRNT）资讯与事件CRNTCeragon Networks Ltd

Roth Capital Analyst Says SpaceX Exploring Tower Leasing at 80,000 Sites

Roth Capital analyst Scott Searle weighs in following Bloomberg's report that SpaceX (SPCX) is exploring options to lease tower capacity at 80,000 sites. The move is presumably part of SpaceX's strategy to build a complementary terrestrial network to support its direct-to-device satellite constellation to compete with incumbent U.S.-based Tier 1 mobile network operators, the analyst tells investors in a research note. Roth says potential winners of SpaceX's buildout include AST SpaceMobile (ASTS), RAN suppliers Ericsson (ERIC) and Nokia (NOK), as well as wireless backhaul suppliers Aviat Networks (AVNW) and Ceragon Networks (CRNT) and spectrum holders Anterix (ATEX), NextNav (NN), and Gogo (GOGO).

Roth Capital Says SpaceX Acquires Low-Band Spectrum for $8B

Roth Capital says SpaceX (SPCX) continues its spectrum grab with its purchase of low-band spectrum from Grain Management for a reported $8B. The early implications are increased competition for terrestrial mobile network operators and other device-to-device services like AST SpaceMobile (ASTS) and Amazon Leo (AMZN), the analyst tells investors in a research note. Roth believes the SpaceX purchase "should push a cozier relationship" between AST SpaceMobile (ASTS) and tier 1 mobile operators Verizon (VZ), AT&T (T) and T-Mobile (TMUS). AST will become the preferred neutral device-to-device satellite partner, contends the firm. Roth also sees low band spectrum increasing in value, which is views as positive for Anterix (ATEX), NextNav (NN) and Gogo (GOGO). At a similar megahertz value to what SpaceX paid, Gogo would be valued at $2.3B for spectrum alone versus its current $1B enterprise value, Roth contends. The firm also sees backhaul and access opportunities for Aviat Networks (AVNW) and Ceragon Networks (CRNT) for either a SpaceX terrestrial network buildout or competitive investment from the mobile operators.

FY26 Non-GAAP Gross Margin Expected to Adjust to 33.5%-34.5%

For FY26: Non-GAAP gross margin is expected to be between 33.5%-34.5% vs. 35.5% previously at the midpoint of the provided revenue guidance range. Non-GAAP operating margin is expected to be between 5%-6% vs. 6.5%-7.5% previously at the midpoint of the provided revenue guidance range.