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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• ING downgraded J Sainsbury (Other OTC: JSAIY) to Sell from Hold.
  
• RBC Capital downgraded Ceragon Networks (NASDAQ: CRNT) to Sector Perform from outperform.

Analyst downgrades: AEO, HOLX and BAIRY originally appeared on BloggingStocks on Mon, 19 May 2008 11:35:00 EST. Please see our terms for use of feeds.

Remember the January Effect? A phenomenon where stocks, especially small caps, rally from the end of December, through the first week of trading in January, as investors are able to buy into names that had been sold in order to recognize tax losses. This has been a forgotten strategy for investors over the last few years, but my hunch is that we will see it return stronger than ever this year. Why? Because some of these stocks have gotten crushed due to the market volatility since the summer, and their big losses were exaggerated by tax loss selling. Here are two picks that are poised to gain from the January Effect:

Federal Home Loan Mortgage Corp. (NYSE: FRE) - while not a small-cap, this stock nonetheless should be in store for a spike. The government-sponsored enterprise creates liquidity in the residential mortgage market by guaranteeing, purchasing, securitizing and investing in such loans. FRE has lost more than have of its value recently, and certainly part of that was caused by sellers looking for a loss.

Ceragon Networks (NASDAQ: CRNT) - The WiMax company has been in a downturn ever since it had trouble doing a secondary offering, which ended up being priced just before the announcement that Sprint/Nextel (NYSE: S) was exiting this WiMax network. Investors should look at this with a bit of perspective, as Intel (NASDAQ: INTC) and Nokia (NYSE: NOK) are all still forging ahead with the technology. My buddy Zack Miller has a nice analysis of this. Look for Ceragon to have a strong bounce over the next few weeks.

Aaron Katsman is the lead Portfolio Manager and Managing Director of America Israel Investment Associates, LLC. and Senior Editor of IsraelNewsletter.com. Disclosure: Writer has no position in any stock mentioned as of 12/19/07.

Two January effect stocks originally appeared on BloggingStocks on Wed, 19 Dec 2007 14:44:00 EST. Please see our terms for use of feeds.

• Current backhaul infrastructure in emerging markets cannot handle huge traffic growth
• Because the market is quite consolidated, it's hard for new entrants to penetrate into the industry
• Carriers are looking to deploy fully-IP networks

Ceragon Networks (CRNT): Analysts generally like the wireless backhaul play originally appeared on BloggingStocks on Mon, 19 Nov 2007 17:20:00 EST. Please see our terms for use of feeds.

Ceragon Networks (NASDAQ: CRNT) provides microwave transmission terminal hardware and network management software that enable wireless service providers to deliver voice, Internet browsing, music and video applications. The firm's systems are used by more than 150 service providers and hundreds of private networks, in 85 countries. Ericsson (NASDAQ: ERIC) is a major competitor.

Investors were pleased earlier in the week, when the company reported Q3 EPS of 13 cents and revenues of $44.5 million. The Street had been looking for 12 cents and $39.3 million. Management also guided FY07 revenues to about $159.4-$162.6 million, versus Street consensus of $151.76 million. Broadpoint Capital subsequently reiterated a "strong buy" on the stock and declared a price target of $25. RBC Capital Markets reiterated an "outperform" and declared a $22 target. The stock popped on the news and then passed into a bullish "pennant" consolidation pattern. Prices frequently exit pennants moving in the same direction they were traveling when they entered them. In this case, that would be to the upside.

Continue reading Ceragon Networks enters a bullish 'pennant' pattern

Ceragon Networks enters a bullish 'pennant' pattern originally appeared on BloggingStocks on Thu, 25 Oct 2007 14:58:00 EST. Please see our terms for use of feeds.