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Ceragon Networks (CRNT) Catches Eye: Stock Jumps 6.8% - Tale of the Tape

Posted
12/10/2013 9:06:00 AM
By: Zacks.com
Referenced Stocks:CRNT;KT;RNET;TLSNY

Ceragon Networks Ltd. ( CRNT ) was a big mover last session, as the company saw its shares rise close to 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend of the company, as the stock is now down 17.23% in the past one-month time frame.

The company has seen one positive revision in the past one month, while its Zacks Consensus Estimate moved marginally higher in the last one week, suggesting that more solid trading could be ahead for Ceragon Networks. 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.

Ceragon currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

Some other wireless non-US stocks include TeliaSonera Aktiebolag (publ) ( TLSNY ), RigNet, Inc. ( RNET ) and KT Corp. ( KT ). All these stocks carry the same Zacks Rank as Ceragon Networks.

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CERAGON NETWRKS (CRNT): Free Stock Analysis Report

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