Rodman & Renshaw Comments on Ceragon Networks

Rodman & Renshaw provided color on Ceragon Networks (NASDAQ: CRNT) in a research report published today. Rodman & Renshaw has previously given Ceragon Networks a Market Outperform rating and $15 price target.

In the report, Rodman & Renshaw states, "We continue to believe CRNT is a leading provider of high-capacity wireless transmission solutions. The company is highly levered to the ongoing global build-out of cellular networks being driven by ongoing subscriber growth in emerging markets and the transition to next-generation wireless networks in developed countries to support bandwidth-intensive data services."

Shares of Ceragon Networks were trading at $9.94 at the time of posting, down 6.75% from Friday's market close.