Impact of Brokerage Rating on Ceragon Networks Ltd.(CRNT)

Many Ceragon Networks Ltd.(CRNT) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Ceragon Networks Ltd was Downgraded by Needham to Hold on Jan 17, 2017.

Ceragon Networks Ltd Last issued its quarterly earnings results on Nov 14, 2016. The company reported $0.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.02. Analyst had a consensus of $0.04. The company had revenue of $79.13 million for the quarter, compared to analysts expectations of $77.57 million. The companys revenue was down -7.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.05 EPS.

Ceragon Networks Ltd. (NASDAQ:CRNT) has received a short term rating of strong buy from experts at Zacks with a rank of 1. The stock has been rated an average of 3 by 3 Brokerage Firm. 3 Brokerage Firms have advised hold.

Ceragon Networks Ltd. (NASDAQ:CRNT): The stock price is expected to reach $ 2.75 in the short term. The number of analysts agreeing with this consensus is 2. The higher estimate for the short term price target is at $3 while the lower estimate is at $3. The standard deviation of the price stands at $0.35.

Tuesdays trading session turned out to be a no-profit no-loss event for Ceragon Networks Ltd. (NASDAQ:CRNT). The opening trade occurred at $4.22 and the highest and the lowest points of the day were $4.23 and $3.955 respectively. The final trade was registered at $4.15 and the volume by the end of the day had touched 1,515,321 shares. The 52-week high of the stock is $4.23 and the 52-week low is $1.04. According to the current valuation, the market cap of the company is $322 million and the total number of shares available in public circulation is 77,684,657.

Ceragon Networks Ltd. is a leading provider of high-capacity wireless backhaul solutions for cellular and fixed wireless operators, enterprises and government organizations. Ceragons 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.

Ceragon

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