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Roth MKM Sticks to Its Buy Rating for Ceragon Networks (CRNT)

Tipranks - Tipranks - Wed Feb 18, 11:16AM CST

In a report released today, Scott Searle from Roth MKM maintained a Buy rating on Ceragon Networks, with a price target of $3.75.

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Searle covers the Technology sector, focusing on stocks such as Ceragon Networks, Clearfield, and Digi International. According to TipRanks, Searle has an average return of 15.3% and a 51.43% success rate on recommended stocks.

Ceragon Networks has an analyst consensus of Moderate Buy, with a price target consensus of $3.38.

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Based on Ceragon Networks’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $85.48 million and a net profit of $28 thousand. In comparison, last year the company earned a revenue of $102.67 million and had a net profit of $12.22 million

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