Ceragon Networks (CRNT) Gets a Buy Rating from Needham
In a report released today, Alex Henderson from Needham assigned a Buy rating to Ceragon Networks (CRNT), with a price target of $3.75. The company’s shares closed last Wednesday at $3.03.
According to TipRanks.com, Henderson is a top 100 analyst with an average return of 29.3% and a 67.7% success rate. Henderson covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Applied Optoelectronics, and Acacia Communications.
Currently, the analyst consensus on Ceragon Networks is a Moderate Buy with an average price target of $3.75.
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The company has a one-year high of $3.49 and a one-year low of $0.99. Currently, Ceragon Networks has an average volume of 542K.
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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.