Ceragon Networks (CRNT) Gets a Buy Rating from Oppenheimer

Oppenheimer analyst George Iwanyc assigned a Buy rating to Ceragon Networks (CRNTResearch Report) today and set a price target of $6.50. The company’s shares closed last Monday at $3.60.

According to TipRanks.com, Iwanyc is a 5-star analyst with an average return of 44.2% and a 56.5% success rate. Iwanyc covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Juniper Networks, and Cambium Networks.

Currently, the analyst consensus on Ceragon Networks is a Moderate Buy with an average price target of $6.50.

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The company has a one-year high of $6.90 and a one-year low of $1.62. Currently, Ceragon Networks has an average volume of 4.88M.

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Ceragon Networks Ltd. engages in the provision of wireless backhaul solutions. Its products include radio units, management systems, small cell hauling, packet and hybrid microwave, and long haul solutions. The company renders transmission capacity to mobile and fixed-line carriers, and private network operators. Ceragon Networks was founded on July 23, 1996 and is headquartered in Tel Aviv, Israel.