Canaccord Genuity Reiterates a 'Buy' on Ceragon Networks (CRNT); Meeting with Management
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Price: $2.11 -0.47%
Rating Summary:
9 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
9 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity reiterates a 'Buy' on Ceragon Networks (NASDAQ: CRNT) price target of $11.00.
Analyst, T. Michael Walkley, said, "We met with Ceragon Networks senior management at MWC on Wednesday after the company reported earnings. While the integration of NERA networks resulted in 2011 EPS lower than 2010 levels, we believe management executed on its integration plans and enters 2012 with a better product portfolio and cost structure to generate stronger earnings levels."
"Due to slightly higher operating expense assumptions, we are lowering our 2012 pro forma EPS estimate from $0.57 to $0.51 and our 2013 pro-forma EPS estimate from $1.03 to $0.99."
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 $9.04 yesterday.
Analyst, T. Michael Walkley, said, "We met with Ceragon Networks senior management at MWC on Wednesday after the company reported earnings. While the integration of NERA networks resulted in 2011 EPS lower than 2010 levels, we believe management executed on its integration plans and enters 2012 with a better product portfolio and cost structure to generate stronger earnings levels."
"Due to slightly higher operating expense assumptions, we are lowering our 2012 pro forma EPS estimate from $0.57 to $0.51 and our 2013 pro-forma EPS estimate from $1.03 to $0.99."
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 $9.04 yesterday.
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