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Wednesday, July 25, 2007 4:39:06 AM
Of the Israeli stocks in my portfolio, Ceragon Networks Ltd. (Nasdaq: CRNT; TASE:CRNT), which reported yesterday, received a boost last Friday, when First Albany Inc. reiterated its "Strong Buy" recommendation for the company and upped its target price to $16 from $13. Having climbed 147% since the beginning of the year, some people will no doubt be selling their shares, regardless of the company's second quarter results.
I, on the other hand, think that Ceragon could still climb even further since the inflow of investment into its particular field, wireless networks, and in the markets it operates in such as India or even the US, is so large that I don't see any slowdown in the offing. It is possible, for example, that Ceragon, not Alvarion Ltd. (Nasdaq: ALVR; TASE: ALVR), will be the big Israeli winner of Sprint Nextel Corp's (NYSE: S) mega WiMAX project, since the company partnering with Sprint in its roll-out, Clearwire Corp. (Nasdaq: CLWR), is, I believe, a customer of Ceragon.
http://www.globes.co.il/serveEN/globes/docView.asp?did=1000235608&fid=1176
Recent CRNT News
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/06/2024 10:10:18 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/28/2024 11:30:27 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/28/2024 10:03:32 AM
- Ceragon to Participate at Lake Street Best Ideas Growth Conference on September 12, 2024 • PR Newswire (US) • 08/28/2024 09:00:00 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/27/2024 11:49:23 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/26/2024 11:59:02 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/23/2024 10:50:50 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/22/2024 11:00:33 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/14/2024 10:29:46 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/07/2024 11:00:04 AM
- Ceragon Reports 11.5% Increase in Quarterly Revenue, GAAP EPS of $0.09 Per Share in the Second Quarter • PR Newswire (US) • 08/07/2024 11:00:00 AM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 08/06/2024 02:23:17 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/24/2024 10:01:09 AM
- Ceragon to Announce Second Quarter 2024 Financial Results and Host Investor Conference Call on August 7, 2024 • PR Newswire (US) • 07/24/2024 10:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/23/2024 11:00:05 AM
- Ceragon's New Smart Activation Key Software Gains Significant Adoption, Enabling SaaS Models and Recurring Revenue Streams • PR Newswire (US) • 07/23/2024 11:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/09/2024 10:00:59 AM
- Leading American ISP Orders Siklu by Ceragon E-Band Product in Multi-Million Dollar Deal to Expand Network Coverage • PR Newswire (US) • 07/09/2024 10:00:00 AM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 06/13/2024 07:58:25 PM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/30/2024 08:07:48 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/30/2024 12:30:06 PM
- Ceragon Names Robert Wadsworth to its Board of Directors • PR Newswire (US) • 05/30/2024 12:30:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/28/2024 12:07:14 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/23/2024 08:08:48 PM
- Form 6-K/A - Report of foreign issuer [Rules 13a-16 and 15d-16]: [Amend] • Edgar (US Regulatory) • 05/20/2024 05:05:58 PM
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