Jefferies Raises Price Target on Ceragon Networks (CRNT) to $2.50

November 15, 2016 8:16 AM EST
Get Alerts CRNT Hot Sheet
Price: $3.41 +3.65%

Rating Summary:
    3 Buy, 7 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
Trade CRNT Now!
Join SI Premium – FREE

Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.

Jefferies reiterated a Hold rating on Ceragon Networks (NASDAQ: CRNT), and raised the price target to $2.50 (from $2.00), following the company's 3Q earnings report. Fevenue hit $79.1M, beating Consensus of $77.6M. Q3 EPS totaled $0.06, above the Street's $0.04.

Analyst James Kisner commented, "Ceragon reported another good quarter in Q3 with revenue and EPS beats. We believe management has done an admirable job returning the company to profitability. However, we continue to look for another entry point. Maintain Hold."

For an analyst ratings summary and ratings history on Ceragon Networks click here. For more ratings news on Ceragon Networks click here.

Shares of Ceragon Networks closed at $2.54 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities

Jefferies & Co, Earnings

Add Your Comment