Roth/MKM Starts Ceragon Networks (CRNT) at Buy

Roth/MKM analyst Scott Searle initiates coverage on Ceragon Networks (NASDAQ: CRNT) with a Buy rating and a price target of $4.50.

The analyst comments: "Ceragon is a leading independent supplier of wireless transport solutions with an estimated 9-10% global market share. However, despite a 9% organic CAGR (2020-204E), 600+bp GM expansion and 10% operating margins, CRNT remains largely overlooked by investors. Going forward, we believe that above market growth driven by continued mobile traffic patterns (25% CAGR), 5G network expansion, private networks, government broadband initiatives, etc. should warrant investor attention. We initiate coverage with a Buy rating and $4.50PT."

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 $2.47 yesterday.

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