Wireless Stock Watch: Shares of Ceragon are set for a rebound - Nikhil Hutheesing

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Wireless Stock Watch: Shares of Ceragon are set for a rebound
Jul 11, 2009 09:00 PM UTC

Nikhil Hutheesing

Return	Risk
-13.73%	LOW

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Profile & Performance

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Symbol	Sentiment	Start	Return	Closed
CRNT	n/a
RIMM	n/a
T	n/a

Via BloggingStocks:

Filed under: AT and T (T), Research in Motion (RIMM)

Tel-Aviv based Ceragon Networks (NASDAQ: CRNT) will be releasing its second quarter earnings on July 20. After a miserable first quarter, in which profits fell 95% over the year-ago quarter, investors are skittish about the stock's prospects. My view: for investors, Ceragon is a good long-term play.

Here's why. First, the company has got a great business. It is a key player in helping wireless carriers increase the speed at which data flows over their networks. The company's equipment connects wireless base stations to a mobile operator's main network, where traffic flows. It's this transmission technology that is critically important to carriers as demand for data services -- and for smartphones -- rises. And they are both rising.

Continue reading Wireless Stock Watch: Shares of Ceragon are set for a rebound

Wireless Stock Watch: Shares of Ceragon are set for a rebound originally appeared on BloggingStocks on Sat, 11 Jul 2009 16:00:00 EST. Please see our terms for use of feeds.

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