Ceragon Networks Ltd (NASDAQ:CRNT) stock price target bumped up to $2.50, issued a ratings update earlier today by Zacks Investment Research
- Updated: October 11, 2016
Yesterday Ceragon Networks Ltd (NASDAQ:CRNT) traded -2.25% lower at $2.17. The company’s 50-day moving average is $2.47 and its 200-day moving average is $1.88. The last stock close price is up 15.66% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 168,341 shares of the stock were exchanged, down from an average trading volume of 700,643
Stating a potential upside of 0.15%, Zacks Investment Research increased the stock price target of Ceragon Networks Ltd (NASDAQ:CRNT) to $2.50
Previously on 7/18/2016, Needham reported about Ceragon Networks Ltd (NASDAQ:CRNT) raised the target price from $2.00 to $2.50. At the time, this indicated a possible upside of 0.12%.
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Ceragon Networks Ltd has a 52 week low of $0.89 and a 52 week high of $2.94 with a P/E ratio of 28.93 The company’s market cap is presently $0.
More About Ceragon Networks Ltd (NASDAQ:CRNT)
Ceragon Networks Ltd. is a provider of wireless backhaul solutions. The Company's solutions enable cellular operators and other wireless service providers to deliver voice and data services, enabling smart-phone applications, such as Internet browsing, social networking applications, image sharing, music and video applications. The Company also provides its solutions for hauling application in other vertical markets, such as public safety, utilities, and oil and gas offshore drilling platforms. Its wireless backhaul solutions use microwave radio technology to transfer large amounts of telecommunication traffic between base stations and small-cells and the core of the service provider's network. It also provides wireless fronthaul solutions that use microwave technology. In addition to providing its solutions, the Company also offers its customers a set of services, including advanced network and radio planning, site survey, installation, maintenance and training, among others.
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