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

down 88.80 %

Ceragon Networks Ltd. (CRNT) upgraded to Overweight with price target $16 by Barclays Capital

Posted on: Thursday,  Mar 31, 2011  1:25 PM ET by Barclays Capital

Barclays Capital rated Overweight Ceragon Networks Ltd. (NASDAQ: CRNT) on 03/31/2011. Previously Barclays Capital rated
Equal Weight Ceragon Networks Ltd. (NASDAQ: CRNT) on 10/26/2010., when the stock price was $10.80. Since then, Ceragon Networks Ltd. has gained 13.33% as of 03/31/2011's recent price of $12.24.

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.

Barclays Capital has assembled a world-class, award-winning team of analysts covering, credit, commodities, economics, emerging markets, equities, fixed income, foreign exchange and market strategy. We provide in-depth analysis of companies and macro coverage across asset classes, markets and the world’s economies. We have a highly quantitative approach and our research is underpinned by sophisticated analytics. Combined, these provide clients with the tools and insights necessary for successful risk management and financing. Our research teams are based in many of the world’s major financial centres providing our clients with a globally integrated perspective across products and geographies.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/31/2011 1:25 PM Buy
12.24 16.00
as of 12/30/2011
1 Week down  -5.75 %
1 Month down  -3.75 %
3 Months down  -19.37 %
1 YTD down  -37.09 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/26/2010 1:25 PM None
10.80 12.00
1/15/2009 8:25 AM None

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