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Ceragon Networks (CRNT) Surges: Stock Moves 8.9% Higher

Zacks Equity Research

Ceragon Networks Ltd. CRNT was a big mover last session, as the company saw its shares rise nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $2.21 to $2.73 in the past one-month time frame.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Ceragon Networks currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Ceragon Networks Ltd. Price

Ceragon Networks Ltd. Price

Ceragon Networks Ltd. price | Ceragon Networks Ltd. Quote

Investors interested in the Wireless Non-US industry may consider a better-ranked stock like Softbank Corp. SFTBY, which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is CRNT going up? Or down? Predict to see what others think:Up or Down

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