Ceragon Networks (CRNT) Receives a Rating Update from a Top Analyst

In a report released today, Alex Henderson from Needham maintained a Buy rating on Ceragon Networks (CRNTResearch Report), with a price target of $5.25. The company’s shares closed last Wednesday at $2.71, close to its 52-week low of $2.50.

According to TipRanks.com, Henderson is a top 25 analyst with an average return of 30.3% and a 71.1% success rate. Henderson covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Applied Optoelectronics, and CrowdStrike Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ceragon Networks with a $5.25 average price target.

See the top stocks recommended by analysts >>

The company has a one-year high of $6.90 and a one-year low of $2.50. Currently, Ceragon Networks has an average volume of 522.3K.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Read More on CRNT: