Ceragon Networks Ltd. (CRNT) Has Another Very Strong Trading Session

February 15, 2018 - By Clifton Ray

The stock of Ceragon Networks Ltd. (NASDAQ:CRNT) is a huge mover today! The stock increased 4.15% or $0.1 during the last trading session, reaching $2.51. About 847,560 shares traded or 30.85% up from the average. Ceragon Networks Ltd. (NASDAQ:CRNT) has risen 107.53% since February 15, 2017 and is uptrending. It has outperformed by 90.83% the S&P500.
The move comes after 5 months positive chart setup for the $195.70 million company. It was reported on Feb, 15 by Barchart.com. We have $2.59 PT which if reached, will make NASDAQ:CRNT worth $5.87M more.

Analysts await Ceragon Networks Ltd. (NASDAQ:CRNT) to report earnings on February, 21. They expect $0.04 earnings per share, down 42.86 % or $0.03 from last year’s $0.07 per share. CRNT’s profit will be $3.12 million for 15.69 P/E if the $0.04 EPS becomes a reality. After $0.05 actual earnings per share reported by Ceragon Networks Ltd. for the previous quarter, Wall Street now forecasts -20.00 % negative EPS growth.

Ceragon Networks Ltd. (NASDAQ:CRNT) Ratings Coverage

Among 3 analysts covering Ceragon (NASDAQ:CRNT), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Ceragon had 7 analyst reports since August 14, 2015 according to SRatingsIntel. On Tuesday, January 17 the stock rating was downgraded by Needham to “Hold”. Jefferies maintained Ceragon Networks Ltd. (NASDAQ:CRNT) on Friday, October 6 with “Hold” rating. Jefferies maintained the stock with “Hold” rating in Tuesday, August 9 report. Jefferies maintained Ceragon Networks Ltd. (NASDAQ:CRNT) rating on Friday, August 14. Jefferies has “Hold” rating and $1.50 target. Needham maintained the stock with “Buy” rating in Friday, August 14 report.

More important recent Ceragon Networks Ltd. (NASDAQ:CRNT) news were published by: Seekingalpha.com which released: “Ceragon Networks’ (CRNT) CEO Ira Palti on Q4 2017 Results – Earnings Call …” on February 12, 2018, also Prnewswire.com published article titled: “Stock Review for Communication Equipment’s Investors — Ceragon Networks …”, Seekingalpha.com published: “Ceragon Networks’ Long-Term Uptrend Has Just Begun” on February 15, 2018. More interesting news about Ceragon Networks Ltd. (NASDAQ:CRNT) was released by: Seekingalpha.com and their article: “Buy Ceragon Networks For Above Average Returns Over The Next 3 Years” with publication date: December 05, 2017.

Ceragon Networks Ltd. provides wireless backhaul solutions that enable cellular operators and other wireless service providers to deliver voice, data, and multimedia services worldwide. The company has market cap of $195.70 million. The Company’s wireless backhaul solutions use microwave technology to transfer telecommunication traffic between base stations, small sells, and the core of the service provider's network. It has a 12.07 P/E ratio. The firm also provides wireless fronthaul solutions that use microwave technology for communication between LTE/LTE-advanced base band digital unit stations and remote radio heads.

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