Stock Rating Downgrade
In the last week the Value Trend Rating for Ceragon Networks Ltd (NASDAQ: CRNT) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Ceragon Networks Ltd (NASDAQ: CRNT) stock declined slightly by -0.3% on 4/8/24. The stock closed at $3.18. However, unusually low trading volume at 62% of normal accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -0.6% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, CRNT is expected to continue to be a major Value Builder.
Ceragon Networks has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Ceragon Networks has a slightly negative Appreciation Score of 34 but a very high Power Rating of 91, producing the High Neutral Value Trend Rating.
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