Ceragon Networks (CRNT) Receives a Buy from Craig-Hallum
Craig-Hallum analyst Christian Schwab maintained a Buy rating on Ceragon Networks today and set a price target of $3.00.
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According to TipRanks, Schwab is a 5-star analyst with an average return of 16.0% and a 61.51% success rate. Schwab covers the Technology sector, focusing on stocks such as Lantronix, Nokia, and Vuzix.
In addition to Craig-Hallum, Ceragon Networks also received a Buy from Needham’s Ryan Koontz in a report issued today. However, on November 8, TR | OpenAI – 4o downgraded Ceragon Networks (NASDAQ: CRNT) to a Hold.
Based on Ceragon Networks’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $82.26 million and a GAAP net loss of $1.27 million. In comparison, last year the company earned a revenue of $96.09 million and had a net profit of $7.83 million
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