Is there a Bearish outlook for Ceragon Networks Ltd. (NASDAQ:CRNT) this week?

February 15, 2018 - By Peter Erickson

 Is there a Bearish outlook for Ceragon Networks Ltd. (NASDAQ:CRNT) this week?

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. The firm earned “Hold” rating on Friday, October 6 by Jefferies. The firm has “Hold” rating given on Tuesday, January 17 by Needham. As per Friday, August 14, the company rating was maintained by Needham. The stock of Ceragon Networks Ltd. (NASDAQ:CRNT) has “Hold” rating given on Friday, August 14 by Jefferies. As per Tuesday, August 9, the company rating was maintained by Jefferies. Below is a list of Ceragon Networks Ltd. (NASDAQ:CRNT) latest ratings and price target changes.

06/10/2017 Broker: Jefferies Rating: Hold New Target: $2.5 Maintain

The stock increased 3.73% or $0.09 during the last trading session, reaching $2.5. About 549,540 shares traded. 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.

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 $194.92 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 12.02 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 news for Ceragon Networks Ltd. (NASDAQ:CRNT) were recently published by: Seekingalpha.com, which released: “Ceragon Networks’ Long-Term Uptrend Has Just Begun” on February 15, 2018. Seekingalpha.com‘s article titled: “Ceragon Networks’ (CRNT) CEO Ira Palti on Q4 2017 Results – Earnings Call …” and published on February 12, 2018 is yet another important article.

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