The stock of Ceragon Networks Ltd (NASDAQ:CRNT) is a huge mover today! About 322,428 shares traded hands. Ceragon Networks Ltd (NASDAQ:CRNT) has risen 117.09% since April 13, 2016 and is uptrending. It has outperformed by 113.17% the S&P500.
The move comes after 9 months negative chart setup for the $203.80M company. It was reported on Nov, 15 by Barchart.com. We have $2.11 PT which if reached, will make NASDAQ:CRNT worth $24.46M less.
Ceragon Networks Ltd (NASDAQ:CRNT) Ratings Coverage
Out of 2 analysts covering Ceragon (NASDAQ:CRNT), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Ceragon has been the topic of 4 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The stock of Ceragon Networks Ltd (NASDAQ:CRNT) has “Hold” rating given on Friday, August 14 by Jefferies. The stock of Ceragon Networks Ltd (NASDAQ:CRNT) has “Hold” rating given on Tuesday, August 9 by Jefferies. On Friday, August 14 the stock rating was maintained by Needham with “Buy”.
According to Zacks Investment Research, “Ceragon Networks Ltd. is a leading provider of high-capacity wireless backhaul solutions for cellular and fixed wireless operators, enterprises and government organizations. Ceragon’s modular FibeAir product family is recognized as the gold standard for backhaul transmission and is also one of the top solutions chosen by cellular operators for SONET/SDH rings. A scalable, future-proof solution for wireless transport of broadband services, FibeAir operates across multiple frequencies for IP and SONET/SDH protocols, supporting the emerging needs of next-generation networks that are evolving to all-IP based services, including triple-play. It leads the market in IP backhaul, offering a unique, native IP solution that provides the efficient, robust connectivity required for WiFi, WiMAX and converged networks.”
CRNT Company Profile
Ceragon Networks Ltd. (Ceragon), incorporated on July 23, 1996, is a wireless backhaul specialist company. The Firm is engaged in the unit shipments and global distribution of its business, providing wireless backhaul solutions to global wireless backhaul markets. The Company’s solutions enable cellular operators and other wireless service providers to deliver voice, data and other multimedia services, enabling smart-phone applications, such as Internet browsing, social networking applications, image sharing, music and video applications. The Firm also provides solutions for hauling application in other vertical markets, such as public safety, utilities, and gas and oil offshore drilling platforms. The Company’s wireless backhaul solutions use microwave and millimeter-wave radio technologies to transfer large amounts of telecommunication traffic between wireless fourth generation (4G), third generation (3G) and other cellular base station technologies, and the core of the service provider’s network. In addition to providing its solutions, the Company offers its clients a set of services, including advanced network and radio planning, site survey, solutions development, installation, maintenance and training. The Company’s services include utilization of project management tools in order to streamline deployments of wireless networks.
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