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Fly News Breaks for November 5, 2019
CRNT
Nov 5, 2019 | 07:47 EDT
Oppenheimer analyst George Iwanyc downgraded Ceragon Networks to Perform from Outperform after the company's "disappointing" Q3, with softness across regions and a temporary delay in Latin America weighing on results. In a research note to investors, Iwanyc says he is "comfortable" with management's ability to keep costs under control and see potential for long-term, 5G-driven market share gains, but sees high near-term spending uncertainty and high potential for volatility over the next several quarters.
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