In a report released today, Alex Henderson from Needham maintained a Buy rating on Ceragon Networks (CRNT – Research Report), with a price target of $5.25. The company’s shares closed last Monday at $2.61.
According to TipRanks.com, Henderson is a 5-star analyst with an average return of 19.5% and a 57.6% success rate. Henderson covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, CyberArk Software, and Extreme Networks.
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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The company has a one-year high of $4.33 and a one-year low of $1.53. Currently, Ceragon Networks has an average volume of 718.9K.
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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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