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Rodman & Renshaw provided color on Ceragon Networks
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.
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Posted In: Analyst ColorAnalyst RatingsCommunications EquipmentInformation TechnologyRodman & Renshaw
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