Ceragon Networks (CRNT – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Ryan Koontz from Needham maintained a Buy rating on the stock and has a $6.00 price target.
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Ryan Koontz has given his Buy rating due to a combination of factors such as Ceragon Networks’ strong financial performance in the fourth quarter of 2024 and the promising outlook for the second half of 2025. The company’s recent results were bolstered significantly by their operations in India, which contributed to over half of their revenue, and an operating margin of 11.4% in the next-generation segment.
Despite concerns about reduced visibility in the first half of 2025, Koontz remains optimistic about the potential impact of new products scheduled for mid-year release. The broader increase in telecom spending, including developments in 5G and private networks, positions Ceragon Networks well to capitalize on these trends. Koontz maintains a price target of $6, reflecting a valuation based on an enterprise value to earnings ratio of 15 times the forecast for 2026.
In another report released today, Roth MKM also maintained a Buy rating on the stock with a $5.00 price target.