Jefferies Raises Price Target on Ceragon Networks (CRNT) to $2.50
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."
Shares of Ceragon Networks closed at $2.54 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Wedbush Raises Price Target on Francesca's (FRAN) Following 3Q Report
- UPDATE: Seaport Global Securities Starts Beacon Roofing Supply (BECN) at Buy
- KLR Group Raise Price Target on Oasis Petroleum (OAS) to $22; Reiterates Buy
Create E-mail Alert Related CategoriesAnalyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change
Related EntitiesJefferies & Co, Earnings
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!