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Ceragon Networks (CRNT) Worth a Look: Stock Rises 12.6%

Zacks

Ceragon Networks Ltd. CRNT was a big mover last session, as the company saw its shares rise almost 13% on the day. The move came on solid volume with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $2.50 to $2.72 in the past one-month time frame.

None of the estimates for this stock were revised in the last 30 days and the Zacks Consensus Estimate also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Currently, Ceragon Networks carries a Zacks Rank #3 (Hold).

Ceragon Networks Ltd. Price


Ceragon Networks Ltd. Price | Ceragon Networks Ltd. Quote

A better-ranked stock in the same industry is China Mobile Limited CHL, sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is CRNT going up? Or down? Predict to see what others think: Up or Down

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