CRNT Stock Forecast Quick Win: 16% Return

CRNT Stock Forecast

Ceragon Networks Ltd. is a provider of wireless backhaul solutions. Was given a strongly bullish three day rating by the I Know First stock-trading algorithm by Nov 13th 2015. Impressibly by Nov 16 the stock went up by 16.00%.

CRNT Stock ForecastCeragon Networks Ltd. (NASDAQ:CRNT) rose 5.6% or 0.07 points on Friday and made its way into the gainers of the day. After trading began at $1.255 the stock was seen hitting $1.36 as a peak level and $1.245 as the lowest level. The stock ended up at $1.32. The daily volume was measured at 144,413 shares. The 52-week high of the share price is $2 and the 52-week low is $0.88. The company has a market cap of $69 million.

Ceragon Networks Ltd. (NASDAQ:CRNT) shares are expected to touch $1.95 in the short term. This short term price target has been shared by 2 analysts. However, the standard deviation of short term price estimate has been valued at 0.78. The target price could hit $3 on the higher end and $1 on the lower end.

The Company’s 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.

Algorithmic traders utilize these daily forecasts by the I Know First market prediction system as a tool to enhance portfolio performance, verify their own analysis and act on market opportunities faster. This forecast was sent to current I Know First algorithmic traders.