Ceragon Networks Ltd. (NASDAQ: CRNT) reiterated to Buy with price target $2.50 by Needham
Needham reiterated Ceragon Networks Ltd. (NASDAQ: CRNT) to Buy with price
target $2.50. Needham rated Ceragon Networks Ltd. (NASDAQ: CRNT) to Strong Buy with price target $8 on 12/09/2013, when the price was $2.67.
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.
& 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.