Oppenheimer Maintains Ceragon Networks Outperform, $12 PT
Oppenheimer maintained its Ceragon Networks (NASDAQ: CRNT) Outperform rating and $12 price target in a research report published today.
In the report, Oppenheimer stated, "VIT reported better than expected 4Q11 revenue of $87.2M, but EPS of $0.20 slightly missed our projection due to weaker than expected margins that declined Y/Y and Q/Q. For 2012, VIT guided revenue to grow at least 27.1% Y/Y to $360M and EPS to $0.86-$0.92."
Shares of Ceragon Networks closed today at $9.11, down 2.15% from Monday's market close.
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