Quick Win by the Algorithm

On January 1, 2017, the I Know First algorithm had predicted a bullish forecast for Ceragon Networks Ltd. (CRNT). CRNT had a signal of 22.97 and a predictability of 0.13. In accordance with the algorithm, the company reported long-position capital gains of 38.17% experiencing a quick win by the algorithm.

Ceragon Networks Ltd. (CRNT), provides wireless backhaul solutions that enable cellular operators and other wireless service providers to deliver voice, data, and multimedia services worldwide.

On February 15, CRNT is scheduled to release their Q4 earnings. CRNT price per share is expected to grow to 36.50%. Recently, in the last trading period, 3.1 million shares of CRNT changed hands with an average of .45 million shares. Also recently, the company has been seeing an increase in transactions for shares of CRNT by 43.20%. Currently, outside institutions own about 18.60% of CRNT.

This bullish forecast on CRNT was sent to current I Know First subscribers on January 1, 2017. 

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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