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!
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.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With CRNT Stock Today?
Ceragon Networks Ltd (CRNT) stock is trading at $2.01 as of 1:10 PM on Friday, Sep 29, a loss of -$0.01, or -0.5% from the previous closing price of $2.02. Volume today is 193,933 compared to average volume of 226,088. The stock has traded between $1.99 and $2.07 so far today.
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 Report for Ceragon Networks Ltd stock.
Share this article:
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Thank you for signing up! You're all set to receive the Morning Update newsletter
