1. When the momentum is over CRNT will be traded between 12 to 15 for sure. This might happen in the next 2 - 4 weeks. Patience will pay off!
2. Remember Collin Stewart's target was 14. Today's downgrade target is 16. Let's take the middle point 15. That's the target in the next few days.
Hey Java.... What are you doing here? Since you are such a genuis I figured that you already made your fortune in the market and would be retired. Oh well... As for the P/E of this compnay being too high just look at HSTX (mentioned as a competitor to Ceragon), it has NO PROFIT AND THEREFORE NO P/E. Guess you thought that N/A is a super P/E ratio. Oh well... guess we all can't be as smart as you.... thank goodness!!!!
3 Downgrades and 2 Neutral comments: Here we go
1. Collin Stewart : Downgrade, Target $14
4. 2 Neutral comments:
Oppenheimer & Co. analyst Lawrence Harris said gross margin and operating expense trends were not as favorable as expected. Harris maintained a "Neutral" rating, arguing that upside potential may be limited given the current share price.
"Expenses could decline nearer term, but we expect continued increases in costs related to Ceragon's sales and marketing effort as the company builds scale and scope," said Morgan Joseph & Co. analyst Kevin Dede, who also maintained a "Hold" rating on the stock.
Do your DD and decide yourself if you want hold your shares or short more.