Short Term Rating on Ceragon Networks Ltd. (CRNT)

Ceragon Networks Ltd. (CRNT) : 2 analysts are covering Ceragon Networks Ltd. (CRNT) and their average rating on the stock is 3, which is read as a Hold. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Ceragon Networks Ltd. (CRNT) : Currently there are 2 street experts covering Ceragon Networks Ltd. (CRNT) stock. The most bullish and bearish price target for the stock is $3 and $2 respectively for the short term. The average price target of all the analysts comes to $2. The estimated standard deviation from the target is $0.71.

Company shares have received an average consensus rating of Hold for the current week


Ceragon Networks Ltd. (NASDAQ:CRNT): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $1.90 and $1.84 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $1.95. The buying momentum continued till the end and the stock did not give up its gains. It closed at $1.94, notching a gain of 2.65% for the day. The total traded volume was 1,447,480 . The stock had closed at $1.89 on the previous day.

Ceragon Networks Ltd. is a provider of wireless backhaul solutions. The Companys solutions enable cellular operators and other wireless service providers to deliver voice and data services, enabling smart-phone applications, such as Internet browsing, social networking applications, image sharing, music and video applications. The Company also provides its solutions for hauling application in other vertical markets like public safety and oil and gas offshore drilling platforms. Its wireless backhaul solutions use microwave radio technology to transfer large amounts of telecommunication traffic between base stations and small-cells and the core of the service providers network. It also provides wireless fronthaul solutions that use microwave technology. In addition to providing its solutions, the Company also offers its customers a set of turn-key services, including advanced network and radio planning, site survey, solutions development, installation, maintenance, training and more.

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