Needham analyst Alex Henderson keeps a Buy rating and $5.25 price target on Ceragon Networks after the company finalized its Siklu acquisition. The deal adds growth, above average gross margins, and operational leverage at a low cost, the analyst tells investors in a research note. Ceragon is also gaining share in the U.S. – a high-margin region – while the Shekel weakness should help keep operating expenditures under tight control even as the company adds sales muscle, the firm added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on CRNT: