Ceragon Networks (CRNT) in Focus: Stock Jumps 6% – Tale of the Tape

Zacks

Ceragon Networks Ltd. (CRNT) was a big mover last session, as the company saw its shares rise almost 6% 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 is now up 40.91% since Jan 30, 2015.

None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Ceragon Networks currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

A better-ranked stock in the non-U.S. wireless industry is China Unicom (Hong Kong) Limited (CHU), sporting a Zacks Rank #1 (Strong Buy).

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