Ceragon Networks LTD. – Ordinary Shares (NASDAQ:CRNT) on Focus After Report of Less Shorts

Ceragon Networks Ltd. (NASDAQ:CRNT) Logo

The stock of Ceragon Networks LTD. – Ordinary Shares (NASDAQ:CRNT) registered a decrease of 20.06% in short interest. CRNT’s total short interest was 273,300 shares in December as published by FINRA. Its down 20.06% from 341,900 shares, reported previously. With 254,900 shares average volume, it will take short sellers 1 days to cover their CRNT’s short positions. The short interest to Ceragon Networks LTD. – Ordinary Shares’s float is 0.49%.

It closed at $4.24 lastly. It is up 38.57% since December 7, 2017 and is uptrending. It has outperformed by 22.95% the S&P500.

Ceragon Networks Ltd. provides wireless backhaul solutions that enable cellular operators and other wireless service providers to deliver voice, data, and multimedia services worldwide. The company has market cap of $332.29 million. The Company’s wireless backhaul solutions use microwave technology to transfer telecommunication traffic between base stations, small sells, and the core of the service providerÂ’s network. It has a 18.43 P/E ratio. The firm also provides wireless fronthaul solutions that use microwave technology for communication between LTE/LTE-advanced base band digital unit stations and remote radio heads.

Ceragon Networks Ltd. (NASDAQ:CRNT) Ratings Coverage

Among 2 analysts covering Ceragon Networks (NASDAQ:CRNT), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Ceragon Networks had 2 analyst reports since September 28, 2018 according to SRatingsIntel. Needham downgraded the stock to “Hold” rating in Wednesday, November 28 report. As per Friday, September 28, the company rating was upgraded by Oppenheimer.

More notable recent Ceragon Networks Ltd. (NASDAQ:CRNT) news were published by: Streetinsider.com which released: “Needham & Company Upgrades Ceragon Networks (CRNT) to Buy – StreetInsider.com” on May 08, 2018, also Benzinga.com with their article: “34 Stocks Moving In Friday’s Mid-Day Session – Benzinga” published on September 28, 2018, Seekingalpha.com published: “Why Did Ceragon Networks File A Shelf Registration Statement? – Seeking Alpha” on April 11, 2017. More interesting news about Ceragon Networks Ltd. (NASDAQ:CRNT) were released by: Nasdaq.com and their article: “Mid-Day Update: Dow Supported by Oil and Bank Shares; Nasdaq Underwater as FAANG Skids – Nasdaq” published on November 05, 2018 as well as 247Wallst.com‘s news article titled: “5 More Stocks to Buy Trading Under $10 With Huge Upside Potential – 24/7 Wall St.” with publication date: September 29, 2018.

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