Needham analyst Alex Henderson reiterated a Buy rating on Ceragon Networks (CRNT – Research Report) today and set a price target of $5.25. The company’s shares closed yesterday at $1.87.
According to TipRanks, Henderson is a 5-star analyst with an average return of 12.2% and a 51.21% success rate. Henderson covers the Technology sector, focusing on stocks such as Zscaler, Cloudflare, and Ceragon Networks.
Currently, the analyst consensus on Ceragon Networks is a Moderate Buy with an average price target of $5.25.
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The company has a one-year high of $2.87 and a one-year low of $1.53. Currently, Ceragon Networks has an average volume of 183.5K.
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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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