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Ceragon Networks (CRNT) Catches Eye: Stock Rises 7.9%

Ceragon Networks Ltd. CRNT was a big mover last session, as its shares rose almost 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. Yesterday’s rally breaks the recent trend for the company, as the stock is now trading above the volatile price range of $1.16 to $1.42 in the past one-month time frame.

Over the last 30 days, the company did not witness any estimate revision and the Zacks Consensus Estimate also remained unchanged. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Ceragon Networks currently has a Zacks Rank #1 (Strong Buy).

Another stock in the non U.S. wireless industry with the same Zacks Rank is BlackBerry Limited BBRY.

Is CRNT going up? Or down? Predict to see what others think: Up or Down

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CERAGON NETWRKS (CRNT): Free Stock Analysis Report
 
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