November 30, 2016 - By Vivian Park · 0 Comments
The stock of Ceragon Networks Limited (NASDAQ:CRNT) registered an increase of 53.19% in short interest. CRNT’s total short interest was 733,000 shares in November as published by FINRA. Its up 53.19% from 478,500 shares, reported previously. With 573,800 shares average volume, it will take short sellers 1 days to cover their CRNT’s short positions. The short interest to Ceragon Networks Limited’s float is 1.17%. About 28,957 shares traded hands. Ceragon Networks Ltd (NASDAQ:CRNT) has risen 94.92% since April 27, 2016 and is uptrending. It has outperformed by 89.69% the S&P500.
Ceragon Networks Ltd. is a provider of wireless backhaul solutions. The company has a market cap of $179.16 million. The Company’s solutions enable cellular operators and other wireless service providers to deliver voice and data services, enabling smart-phone applications, such as Internet browsing, social networking applications, image sharing, music and video applications. It has a 21.91 P/E ratio. The Firm also provides its solutions for hauling application in other vertical markets, such as public safety, utilities, and gas and oil offshore drilling platforms.
Out of 2 analysts covering Ceragon (NASDAQ:CRNT), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Ceragon has been the topic of 4 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The rating was maintained by Jefferies on Tuesday, August 9 with “Hold”. The stock of Ceragon Networks Ltd (NASDAQ:CRNT) earned “Buy” rating by Needham on Friday, August 14. Jefferies maintained the shares of CRNT in a report on Friday, August 14 with “Hold” rating.
Ceragon Networks Ltd. (Ceragon), incorporated on July 23, 1996, is a wireless backhaul specialist company. The Firm is engaged in the unit shipments and global distribution of its business, providing wireless backhaul solutions to global wireless backhaul markets. The Company’s solutions enable cellular operators and other wireless service providers to deliver voice, data and other multimedia services, enabling smart-phone applications, such as Internet browsing, social networking applications, image sharing, music and video applications. The Firm also provides solutions for hauling application in other vertical markets, such as public safety, utilities, and gas and oil offshore drilling platforms. The Company’s wireless backhaul solutions use microwave and millimeter-wave radio technologies to transfer large amounts of telecommunication traffic between wireless fourth generation (4G), third generation (3G) and other cellular base station technologies, and the core of the service provider’s network. In addition to providing its solutions, the Company offers its clients a set of services, including advanced network and radio planning, site survey, solutions development, installation, maintenance and training. The Company’s services include utilization of project management tools in order to streamline deployments of wireless networks.
Another recent and important Ceragon Networks Ltd (NASDAQ:CRNT) news was published by Seekingalpha.com which published an article titled: “Ceragon Networks’ (CRNT) CEO, Ira Palti on Q2 2016 Results – Earnings Call …” on August 08, 2016.
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By Vivian Park