Ceragon Networks (CRNT) Receives a Hold from Oppenheimer

In a report released today, George Iwanyc from Oppenheimer maintained a Hold rating on Ceragon Networks (CRNT). The company’s shares closed last Thursday at $5.16.

According to TipRanks.com, Iwanyc is a 4-star analyst with an average return of 26.0% and a 60.7% success rate. Iwanyc covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Juniper Networks, and Cambium Networks.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Ceragon Networks.

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The company has a one-year high of $6.90 and a one-year low of $0.99. Currently, Ceragon Networks has an average volume of 2.3M.

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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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