Needham analyst Alex Henderson maintained a Buy rating on Ceragon Networks (CRNT – Research Report) today and set a price target of $5.25. The company’s shares closed last Monday at $2.09.
According to TipRanks.com, Henderson is a 5-star analyst with an average return of 18.3% and a 53.7% success rate. Henderson covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, CrowdStrike Holdings, and CyberArk Software.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ceragon Networks with a $4.63 average price target.
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Ceragon Networks’ market cap is currently $175.6M and has a P/E ratio of -10.99.
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Ceragon Networks Ltd. engages in the provision of wireless backhaul solutions. Its products include radio units, management systems, small cell hauling, packet and hybrid microwave, and long haul solutions. The company renders transmission capacity to mobile and fixed-line carriers, and private network operators. Ceragon Networks was founded on July 23, 1996 and is headquartered in Tel Aviv, Israel.
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