Ceragon Networks Ltd (CRNT)
Ceragon Networks Ltd is a provider of wireless fronthaul and backhaul solutions, specializing in high-capacity microwave and millimeter-wave systems. Founded in 1996 and headquartered in Israel, the company delivers infrastructure for mobile networks, offering reliable, secure, and scalable connectivity to support cellular, 5G, and other wireless services worldwide.
Company News
This report analyzes the development of small cells (SCs) and their backhaul solutions, including RF and optical wireless technologies like microwave, Free Space Fiber, and VLC/LiFi. It covers the evolution of mobile technologies, SC applications, standardization, and market trends.
SK Telecom, KT and Ceragon have been highlighted in this Industry Outlook article.
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Needham analyst Alex Henderson reiterated Buy on Extreme Networks, Inc (NASDAQ: EXTR) with a $23 price target. Unlike components and semis, systems backlogs are virtually never double-ordered and rarely canceled. Systems backlogs range from 30% at Cisco Systems, Inc (NASDAQ: CSCO) to 60%+ at Juniper Networks, Inc (NYSE: JNPR), Infinera Corp (NASDAQ: INFN), Extreme, and Ceragon Networks Ltd (NASDAQ: CRNT) to 100%+ at Ciena Corp (NYSE: CIEN) and provide more than just high visibility against macro erosion. Despite macro fears and Street expectations for declining estimates for the S&P for CY23, the analyst expects Extreme to deliver beat and raise results. Extreme is still supply constrained, with a backlog equating to over 60% of estimated CY23 product sales. In an environment where investors braced for estimate cuts, these backlogs, combined with improving ...Full story available on Benzinga.com
CRNT earnings call for the period ending June 30, 2022.