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Ceragon Networks Ltd. (CRNT) Surges: Stock Moves 14.8% Higher - Tale of the Tape

Posted: 1/14/2014 9:18:00 AM
Referenced Stocks: CHU;CRNT;FRP;KT

Ceragon Networks Ltd. ( CRNT ) was a big mover last session, as the company saw its shares rise by roughly 15% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company, as the stock has now gained over 37% in the past one month time frame.

This communication equipment company has seen no estimate revision over the past 30 days and its Zacks Consensus Estimate remained unchanged over the same time frame. 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 #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the same industry include China Unicom (Hong Kong) Ltd. ( CHU ), Fairpoint Communications, Inc. ( FRP ) and KT Corp. ( KT ). All these stocks hold a Zacks Rank #2 (Buy).

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