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Ceragon Networks Ltd. Message Board

  • dtmccune3 dtmccune3 May 9, 2014 1:11 PM Flag

    crnt going forward

    CRNT has been here before...they are in a very cyclical industry...usually happens between the new technology buildouts (ie 2G to 3G...3G to 4G etc). Also didn't help that India has been weak due to delay in spectrum auctions etc...and the initial 4G buildout in the U.S. normally with fiber until it they have to start building in more rural areas (which is starting to happen).

    The tier-1 wins that CRNT has won recently are very encouraging...things are picking up....and there are competitors that are not going to make it which will be a long term positive.

    Costs/expenses are coming product margins are product sales are increasing....overall revenues will trend higher in H2 of the year.

    All lead to much higher stock price...this could easily be an $8 stock in the next 2 years or so...they had the same environment/circumstances in 2004-2006....saw a similar price move.

    Obviously, no one wanted to see the stock offering way down here at these levels...most of the time it is a bad sign....but in this case they raised the cash to make the big tier-1 customers happy bc they like to see a certain amount of cash on the balance sheet so they are not buying equipment from a company that will be bankrupt in a year...the tier-1 deals announced not too long after the secondary are evidence of this.

    darkest before the dawn....a little patience will be rewarded imo

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