Quick Win by the Algorithm: Ceragon Networks Ltd. (CRNT)
Quick Win by the Algorithm
Ceragon Networks Ltd.
On May 23rd, 2016, the I Know First algorithm gave a bullish signal of 14.55 for the ticker CRNT with a predictability indicator of 0.16. In accordance with the algorithm’s prediction, CRNT jumped 16.78% in the following three days.
Ceragon Networks Ltd. is a provider of wireless backhaul solutions. 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. They help operators and other service providers worldwide increase operational efficiency and enhance end customers’ quality of experience with innovative wireless backhaul solutions.
Ceragon’s unique multicore technology provides a highly reliable, high-capacity 4G wireless backhaul with minimal use of spectrum, power and other resources. This is why the leading Mobile Operator in South Cone continues rollout of its large-scale 4G Network Modernization and Expansion Project with Ceragon. Its decision to select the company is due to Ceragon’s proven ability to quickly deliver 4G backhaul capacity across multiple countries and maximize service availability.
Ceragon’s FibeAir IP-20 Platform enables simple network modernization and expansion, as well as offers the operator the shortest time to market of its 4G services, thereby maximizing its 4G service revenue potential. The Ceragon solution additionally allows the operator to enhance its customers’ quality of experience via its exceptional high capacity and proven reliability. With its solutions, Ceragon enables the operator to save on site real-estate costs, which optimizes its infrastructure investment, delivers significant CAPEX and OPEX savings, and ensures long-term scalability with ample site headroom.
“We are pleased to receive repeat orders from this longstanding customer as it confirms our products meet its high-performance standards and allows it to achieve the highest value ” said Ira Palti, president and CEO of Ceragon.
