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Why you should have this stock at your watchlist for 2018

February 16, 2018

CERAGON NETWORKS LTD ORD CRNT: NASDAQ
 

The company Reported Q4 (Dec) earnings of $0.05 per share, $0.01 better than the two-analyst estimate of $0.04; revenues rose 2.4% year/year to $86.7 mln vs the $75.21 mln two analyst estimate."2017 was the third consecutive year that we have achieved significant growth in net income," said Ira Palti, president and CEO of Ceragon.
Ceragon stock . The last earning result showed a very good sign of stable growth with a very positive return. After the stock price levelled up at the first quarter of the last year and then started the downtrend from about 4.50 per share to around 1.66 at Nov 2017, The stock has started to recover since that.
My own rate for this stock is Buy/hold stock with good entry between 2.20 and 2.45.My price target for the next 90 days is 4 $

 



 

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