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Enter Symbol:
Ceragon Networks Ltd. (CRNT) [hlAlert]

down 48.68 %

Ceragon Networks Ltd. (CRNT) rated Buy with price target $2.50 by Needham

Posted on: Friday,  Aug 14, 2015  8:25 AM ET by Needham

Needham rated Buy Ceragon Networks Ltd. (NASDAQ: CRNT) on 08/14/2015. Previously Needham rated Strong Buy Ceragon Networks Ltd. (NASDAQ: CRNT) on
12/09/2013., when the stock price was $2.67. Since then, Ceragon Networks Ltd. has lost 48.69% as of 08/27/2015's recent price of $1.37.
If you would have followed the previous Needham's recommendation on CRNT, you would have lost 48.68% of your investment in 626 days.

Ceragon Networks Ltd. (Ceragon) is a provider of high capacity wireless backhaul solutions that enable wireless service providers to deliver voice and data services, such as Internet browsing, music and video applications. The Company?s wireless backhaul solutions use microwave technology to transfer large amounts of network traffic between base stations and the infrastructure at the core of the mobile network. Ceragon designs its solutions to provide fiber-like connectivity for circuit-switched, or synchronous optical network technologies/ synchronous digital hierarchy (SONET/SDH), networks, next generation Ethernet/Internet Protocol (IP)-based, networks, and hybrid networks that combine circuit-switched and IP-based networks. It also provides its solutions to businesses and public institutions that operate their own private communications networks.

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/14/2015 8:25 AM Buy
1.40 2.50
as of 8/27/2015
1 Week up  14.16 %
1 Month up  17.09 %
3 Months up  8.73 %
1 YTD down  -53.87 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/9/2013 8:25 AM Buy
2.67 8.00

(*) Stock Price at the time of the recommendation.
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