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CRNT

Ceragon Networks

$3.50

-0.105 (-2.91%)

18:17
04/04/19
04/04
18:17
04/04/19
18:17

Ceragon Networks to partner with NEC to expand 5G wireless business

NEC Corporation and Ceragon Networks announced they have entered into a collaboration agreement to further expand their global wireless backhaul business footprint. The agreement calls for a development program, wherein the companies will leverage both parties' rich experience and unique capabilities in microwave and millimeter-wave communications, to develop advanced technologies which will further accelerate innovation and deliver premium cutting-edge solutions for 5G wireless backhaul. NEC and Ceragon will each provide their own differentiated solutions based on these advanced technologies.

CRNT Ceragon Networks
$3.50

-0.105 (-2.91%)

09/28/18
OPCO
09/28/18
UPGRADE
Target $4.5
OPCO
Outperform
Ceragon Networks upgraded to Outperform from Perform at Oppenheimer
Oppenheimer analyst George Iwanyc upgraded Ceragon to Outperform from Perform, citing favorable risk/reward. With the shares down ~28% since earnings, the analyst believes too much negativism is built into expectations, Iwanyc tells investors in a research note. He is bullish on Ceragon's best-of-breed model, tight cost management, and expects 4G LTE build-outs to provide NT support, with 5G a LT catalyst. Iwanyc has a $4.50 price target on the shares.
11/28/18
NEED
11/28/18
DOWNGRADE
NEED
Hold
Ceragon Networks downgraded to Hold from Buy at Needham
11/28/18
NEED
11/28/18
DOWNGRADE
NEED
Hold
Ceragon Networks downgraded to Hold at Needham on valuation
As reported earlier, Needham analyst Alex Henderson downgraded Ceragon Networks to Hold from Buy. The analyst notes that the company has delivered "solid results" and that its stock has benefited from strong execution and expectations of further improvement from 5G build-outs, but believes its valuation reflects the positive news. Henderson further states that the strong growth in Ceragon's India markets in 2018 should pose a challenge to the rate of growth in 2019.
11/28/18
11/28/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Eaton Vance (EV) downgraded to Underweight from Neutral at JPMorgan with analyst Kenneth Worthington saying the company's slowing organic growth will cut into its premium market valuation. 2. CME Group (CME) downgraded to Neutral from Buy at UBS with analyst Alex Kramm saying he believes the current valuation already reflects a higher volatility environment. 3. Ceragon Networks (CRNT) downgraded to Hold from Buy at Needham with analyst Alex Henderson saying the company has delivered "solid results" and that its stock has benefited from strong execution and expectations of further improvement from 5G build-outs, but believes its valuation reflects the positive news. 4. Cracker Barrel (CBRL) downgraded to Underperform from Hold at Gordon Haskett analyst Jeff Farmer saying the share price run-up of 22% over the last 8 weeks is outpacing the company's fundamental prospects. 5. YY (YY) downgraded to Neutral from Overweight at JPMorgan with analyst Alex Yao citing a lack of catalysts for his downgrade of the shares. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

SCHW

Charles Schwab

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-0.53 (-1.15%)

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TKC

Turkcell

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FCCY

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QUMU

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FAT

Fat Brands

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HRTG

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COTY

Coty

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0.02 (0.18%)

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NTES

NetEase

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-2.34 (-0.87%)

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09:10
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NDEKY

Nitto Denko

$0.00

(0.00%)

06:53
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06:53
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06:53
Downgrade
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CURO

Curo Group

$10.96

0.16 (1.48%)

04:55
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  • 19

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AON

Aon plc

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, MMC

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ISRG

Intuitive Surgical

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UBER

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FIX

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NSANY

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