Oppenheimer analyst George Iwanyc maintained a Hold rating on Ceragon Networks (CRNT) today. The company’s shares closed last Monday at $2.15.
According to TipRanks.com, Iwanyc is a 3-star analyst with an average return of 7.1% and a 34.0% success rate. Iwanyc covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Cambium Networks, and Juniper Networks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ceragon Networks with a $3.25 average price target.
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Based on Ceragon Networks’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $62.43 million and GAAP net loss of $5.48 million. In comparison, last year the company earned revenue of $73 million and had a net profit of $763K.
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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.
