Litchfield Hills analyst Theodore O’Neill initiated coverage of Ceragon Networks (CRNT) with a Buy rating and $10 price target The company’s financial performance has “improved immensely” under new management, the analyst tells investors in a research note. The firm says Ceragon is focused on providing higher margin products and services, which include serving customers that need incremental capacity or managed services. The shares appear to be “priced significantly below absolute and comparative metrics,” contends Litchfield.
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Read More on CRNT:
- Ceragon Networks Reports Strong Q3 2024 Results
- Ceragon Networks Sees Strong Q3 Revenue Growth
- Ceragon Networks reports Q3 non-GAAP EPS 16c vs. 4c last year
- Ceragon Networks reaffirms FY24 revenue view $390M-$400M, up 12%-15% from FY23
- Ceragon Networks to Engage Investors at Key Conferences
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
