CRNT Stock

Ceragon Networks was a top stock pick based on predictive algorithm recommended to I Know First subscribers on February 2nd for the 1-month time horizon. CRNT had a signal of 632.31 and a predictability of -0.14. In accordance with the algorithm, the company reported short-term capital gains of 47.24%.

CRNT was part of the stock forecast that can be found in the “Best Tech Stocks” Package.

The full Top 10 Tech Stocks forecast includes a daily prediction for a total of 20 stocks with bullish and bearish signals:

• Top 10 tech stocks for the long position
• Top 10 tech stocks for the short position

Ceragon Networks Ltd (Ceragon) is a provider of wireless backhaul solutions, which enables cellular operators and other wireless service providers to deliver voice and data services, enabling smart-phone applications, such as Internet browsing, music and video applications.

Ceragon Networks last released its earnings data . The company reported ($0.05) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.05). The company had revenue of $111.20 million for the quarter, compared to the consensus estimate of $108.96 million. During the same quarter in the previous year, the company posted ($0.09) earnings per share. The company’s revenue for the quarter was up 24.2% on a year-over-year basis. Analysts expect that Ceragon Networks will post $0.01 EPS for the current fiscal year.

Before making any trading decisions, consult the latest forecast as the algorithm constantly updates predictions daily. While the algorithm can be used for intra-day trading the predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.

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