Ceragon Networks Ltd (CRNT) Misses Q3 EPS by 2c

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Needham & Company Downgrades Ceragon Networks (CRNT) to Buy

October 30, 2014 2:30 PM EDT

Needham & Company downgraded Ceragon Networks (NASDAQ: CRNT) from Strong Buy to Buy with a price target of $4.00 (from $8.00). The change follows weak Q3 results and lower guidance. Analyst Alex Henderson was expecting better numbers from the company.

"This is not at all what we were... More