Ceragon Networks Ltd. (CRNT): Price Target and June Short Interest Disclosure

Ceragon Networks Ltd. (CRNT) : Average target price received by Ceragon Networks Ltd. (CRNT) is $2 with an expected standard deviation of $0.71. The most aggressive target on the stock is $3, whereas the most downbeat target is $2. 2 financial analysts are currently covering the stock.

Ceragon Networks Ltd. (CRNT) encountered a drop of 4.1% or -13,431 shares in the short positions. The number dropped from 330,822 on June 15,2016 to 317,391 on June 30,2016. The final interest is 0.5% of the floated stock. The days to cover figure of 2 can be arrived using the average daily exchange of 140,013 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.


Ceragon Networks Ltd. (NASDAQ:CRNT): stock turned positive on Thursday. Though the stock opened at $1.95, the bulls momentum made the stock top out at $2.18 level for the day. The stock recorded a low of $1.9493 and closed the trading day at $2.13, in the green by 10.94%. The total traded volume for the day was 1,990,071. The stock had closed at $1.92 in the previous days trading.

Ceragon Networks Ltd. is a provider of wireless backhaul solutions. The Companys solutions enable cellular operators and other wireless service providers to deliver voice and data services, enabling smart-phone applications, such as Internet browsing, social networking applications, image sharing, music and video applications. The Company also provides its solutions for hauling application in other vertical markets like public safety and oil and gas offshore drilling platforms. Its wireless backhaul solutions use microwave radio technology to transfer large amounts of telecommunication traffic between base stations and small-cells and the core of the service providers network. It also provides wireless fronthaul solutions that use microwave technology. In addition to providing its solutions, the Company also offers its customers a set of turn-key services, including advanced network and radio planning, site survey, solutions development, installation, maintenance, training and more.

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