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 opened today at $1.86.
Henderson covers the Technology sector, focusing on stocks such as Radware, Qualys, and Viavi Solutions. According to TipRanks, Henderson has an average return of 15.5% and a 54.25% success rate on recommended stocks.
Currently, the analyst consensus on Ceragon Networks is a Moderate Buy with an average price target of $5.25.
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Based on Ceragon Networks’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $70.67 million and a GAAP net loss of $1.52 million. In comparison, last year the company earned a revenue of $68.62 million and had a GAAP net loss of $1.71 million
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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.
