Loading...
Loading...
Hudson Securities is out with a research report this morning, where it reiterates its Buy rating on Ceragon Networks
CRNT; it has a $15.00 price target on the stock.
The HS analysts cited the company's recent earnings results, which were mixed. The company reported revenue of $100.3 million, which beat the Street expectations of $96.9 million and HS's $94.7 million estimate.
The company's EPS loss of ($0.02) was in line with HS's estimate and slightly below the Street estimate of $0.01.
As for valuation, the analysts remarked, “Re-iterate our BUY rating, but lowering our price target to $15 from $18, which is based on 15X our 2012 EPS estimate of $1.00.”
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Posted In: Analyst ColorPrice TargetAnalyst RatingsCommunications EquipmentHudson SecuritiesInformation Technology
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in