Ceragon Networks initiated with a Buy at Roth MKM

Roth MKM initiated coverage of Ceragon Networks (CRNT) with a Buy rating and $4.50 price target Ceragon is a leading independent supplier of wireless transport solutions with an estimated 9%-10% global market share, the analyst tells investors in a research note. The firm believes the company “remains largely overlooked by investors.” Ceragon’s above market growth driven by continued mobile traffic patterns, 5G network expansion, private networks and government broadband initiatives should warrant investor attention, contends Roth.