Ceragon Networks Ltd.(CRNT) was a big mover last session, as the company saw its shares rise nearly 13% on the day. The upside came on the company's announcement that it has joined forces with three leading mobile operators in the Asia Pacific region to set up its IP-20 platform to speed up 4G availability. This also led to far more shares changing hands in the last trading session. It breaks the recent trend for the company, as the stock is now trading above the volatile price range of $1.00 to $1.17 in the past one-month time frame.
In the last 30 days, the company has seen no estimate revisions and the Zacks Consensus Estimate also remained unchanged. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Ceragon Networks carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
A better-ranked non-U.S wireless stock is NTT DOCOMO, Inc. (DCM) , which sports a Zacks Rank #1 (Strong Buy).
Is CRNT going up? Or down? Predict to see what others think: Up or Down
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CERAGON NETWRKS (CRNT): Free Stock Analysis Report
NTT DOCOMO -ADR (DCM): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
