Canaccord Genuity Reiterates a 'Buy' on Ceragon Networks (CRNT); Strong Q1; Expect Steadily Improving Gross Margin
Tweet
Share
E-mailGet Alerts CRNT Hot Sheet
Price: $2.73 +1.11%
Rating Summary:
5 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
5 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Join SI Premium – FREE
Canaccord Genuity reiterates a 'Buy' on Ceragon Networks (NASDAQ: CRNT) price target raised from $11 to $13.
Analyst, T. Michael Walkley, said, "We hosted an upbeat investor meeting with Ceragon Networks management at the CTIA conference. We believe Ceragon is on track to achieve its near-term and longer-term sales and gross margin targets. Further, our checks and meetings with leading global carriers and network infrastructure providers indicate global wireless capex trends should improve in H2/12, and we believe Ceragon is well positioned to gain share due to its leading cost structure and competitor disruptions."
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 $9.22 yesterday.
Analyst, T. Michael Walkley, said, "We hosted an upbeat investor meeting with Ceragon Networks management at the CTIA conference. We believe Ceragon is on track to achieve its near-term and longer-term sales and gross margin targets. Further, our checks and meetings with leading global carriers and network infrastructure providers indicate global wireless capex trends should improve in H2/12, and we believe Ceragon is well positioned to gain share due to its leading cost structure and competitor disruptions."
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 $9.22 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- QuantumScape (QS) PT Lowered to $6 at Truist Securities
- Synovus Financial (SNV) PT Lowered to $42 at Piper Sandler
- Alpine Income Property Trust (PINE) PT Lowered to $18 at Jones Trading
Create E-mail Alert Related Categories
Analyst Comments, Analyst PT ChangeSign 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!
