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.
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