CRNT - Watch for Continued Gains in Shares of Ceragon Networks Ltd. (CRNT)

Shares of Ceragon Networks Ltd. (NASDAQ:CRNT) traded at a new 52-week high today of $6.90. So far today approximately 96.4 million shares have been exchanged, as compared to an average 30-day volume of 279,000 shares.

In the past 52 weeks, shares of Ceragon Networks Ltd. have traded between the current low of $0.99 and a high of $4.33 and is now at $2.06.

Ceragon Networks Ltd. has overhead space with shares priced $2.06, or 0.5% below the average consensus analyst price target of $2.07.

Ceragon Networks Ltd offers wireless backhaul solutions. Its products comprise of FibeAir IP-20 Platform, FibeAir IP-20 Assured Platform, and Network Management. The company provides its services to wireless service providers, public safety organizations, government agencies and utility companies. The company's FibeAir IP-20 platform offers flexibility in choosing all-outdoor, split-mount and all-indoor configurations to suit any deployment scenario. Its products include short haul-access, short haul-aggregation, small cells, long haul, and enterprise access. Geographically, it derives majority revenue from India and also has a presence in North America, Europe, Africa, Asia-Pacific, and the Middle East and Latin America.

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