Oppenheimer Maintains Ceragon Networks Outperform, $12 PT

Oppenheimer maintained its Ceragon Networks

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.