Ceragon Networks Ltd. (CRNT) was a big mover last session, as the company saw its shares rise by more than 7% on the day. The move came on solid volume, as far more shares changed hands than in a normal session. This continues the recent uptrend for the company, as the stock has surged by nearly 22% in the past one-month time frame.
The company has seen a solitary positive revision in the past few weeks and its earnings consensus has moved higher over the last month, suggesting that more solid trading could be ahead for CRNT. So, make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
CRNT currently has a Zacks Rank #2 (Buy) while its Earnings ESPis 0.00%.
Some other wireless stocks worth considering include SK Telecom Co. Ltd. (SKM), Partner Communications Company Ltd. (PTNR) and FIH Mobile Limited (FXCNY). While SK Telecom holds a Zacks Rank #1 (Strong Buy), the other two stocks carry a Zacks Rank #2 (Buy).
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