Do Traders Think Ceragon Networks Ltd (CRNT) Can Keep Climbing Wednesday?

Overall market sentiment has been high on Ceragon Networks Ltd (CRNT) stock lately. CRNT receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Ceragon Networks Ltd has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CRNT!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With CRNT Stock Today?

Ceragon Networks Ltd (CRNT) stock has risen 1.11% while the S&P 500 is down -0.02% as of 2:12 PM on Wednesday, Mar 13. CRNT is up $0.03 from the previous closing price of $3.07 on volume of 785,012 shares. Over the past year the S&P 500 has risen 34.19% while CRNT is up 84.52%. CRNT earned $0.07 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 42.66.

More About Ceragon Networks Ltd

Ceragon Networks Ltd offers wireless backhaul solutions. Its products comprise of FibeAir IP-20 Platform, FibeAir IP-20 Assured Platform, and Network Management. The company provides its services to wireless service providers, public safety organizations, government agencies and utility companies. The company's FibeAir IP-20 platform offers flexibility in choosing all-outdoor, split-mount and all-indoor configurations to suit any deployment scenario. Its products include short haul-access, short haul-aggregation, small cells, long haul, and enterprise access. Geographically, it derives majority revenue from India and also has a presence in North America, Europe, Africa, Asia-Pacific, and the Middle East and Latin America. Click Here to get the full Stock Report for Ceragon Networks Ltd stock.