Analysts take a look at Ceragon Networks Ltd. (NASDAQ:CRNT) having this to say.

October 2, 2018 - By Ruchi Gupta

Ceragon Networks Ltd. (NASDAQ:CRNT) Logo

Ceragon Networks Ltd. (NASDAQ:CRNT) Ratings Coverage

Among 2 analysts covering Ceragon Networks (NASDAQ:CRNT), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Ceragon Networks had 2 analyst reports since May 8, 2018 according to SRatingsIntel. The firm has “Outperform” rating given on Friday, September 28 by Oppenheimer. The firm has “Buy” rating by Needham given on Tuesday, May 8. Below is a list of Ceragon Networks Ltd. (NASDAQ:CRNT) latest ratings and price target changes.

28/09/2018 Broker: Oppenheimer Old Rating: Perform New Rating: Outperform New Target: $4.5 Upgrade
08/05/2018 Broker: Needham Rating: Buy New Target: $3.6000 Upgrade

The stock decreased 3.26% or $0.11 during the last trading session, reaching $3.26. About 404,352 shares traded or 1.68% up from the average. Ceragon Networks Ltd. (NASDAQ:CRNT) has risen 38.57% since October 2, 2017 and is uptrending. It has outperformed by 22.95% the S&P500.

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 $255.49 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 providerÂ’s network. It has a 16.3 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.

More notable recent Ceragon Networks Ltd. (NASDAQ:CRNT) news were published by: 247Wallst.com which released: “5 More Stocks to Buy Trading Under $10 With Huge Upside Potential” on September 29, 2018, also Benzinga.com with their article: “34 Stocks Moving In Friday’s Mid-Day Session” published on September 28, 2018, Nasdaq.com published: “Is This Small-Cap Telecom Stock the Best Way to Play 5G Internet? 1 Analyst Thinks So” on September 28, 2018. More interesting news about Ceragon Networks Ltd. (NASDAQ:CRNT) were released by: Benzinga.com and their article: “Benzinga’s Top Upgrades, Downgrades For September 28, 2018” published on September 28, 2018 as well as Benzinga.com‘s news article titled: “46 Biggest Movers From Friday” with publication date: October 01, 2018.

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