Overall market sentiment has been high on Ceragon Networks Ltd (CRNT) stock lately. CRNT receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With CRNT Stock Today?
Ceragon Networks Ltd (CRNT) stock is trading at $3.22 as of 9:44 AM on Friday, Jan 8, a gain of $0.30, or 10.27% from the previous closing price of $2.92. The stock has traded between $2.96 and $3.35 so far today. Volume today is less active than usual. So far 2,362 shares have traded compared to average volume of 634,156 shares.
To screen for more stocks like Ceragon Networks Ltd click here.
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 Score Report on Ceragon Networks Ltd (CRNT) Stock.
