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Stock impact report

Ceragon Networks Had A Good 2016 And Will Have An Even Better 2017 [Seeking Alpha]

Ceragon Networks Ltd. - Ordinary Shares (CRNT) 
Last ceragon networks ltd. - ordinary shares earnings: 2/10 07:00 am Check Earnings Report
Company Research Source: Seeking Alpha
Summary I'm going to honest with you. When I wrote my first article on Ceragon Networks (NASDAQ: CRNT ) back in December (please consider: Ceragon Networks: A No-Risk 50% Boost ), my hunch was that the stock would double in 2017. However, for the sake of sounding modest, I decided to only call for a 50% rise in the stock. And since December 2016, CRNT has surpassed my 2017 price target, and almost doubled. Also please note, CRNT is one of my stock picks for 2017, and so far it is my best performer. CRNT's recent quarter was not much of a surprise. As expected, Q4'16 was better sequentially than Q3, and the company made $11.5 million in adjusted net income for the full year, vs. $11.2 million that I was estimating. The company in Q3 was guiding for flat revenue in 2017. But since then received a $60 million order from a customer in India as was said on the conference call . So revenue is probably going to be a bit higher in 2017, to the tune of ab Show less Read more
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