CRNT has been upgraded as a buy by several analyst firms, including the research service TK offers us which was recently a hold. This stock is up another $0.65 so far today. My target price of $13.00 is within reach, I believe. I'm half tempted to sell now and lock in a 20% gain on my investment and buy in again on a day low. Apparently, "Wednesday's news that Time Warner Cable (TWC) and Comcast (CMCSA) are discussing a plan to provide funding for a national wireless network using WiMax technology, has sent shares of Ceragon (CRNT) surging," according to Seeking Alpha. Also:
This is such good news for Ceragon because it is the leading provider of wireless backhaul solutions for IP-centric networks, and has been rumored to be a big winner if Sprint (S) were to go ahead and build out the WiMax network. Ceragon stock has gotten crushed over the last few months, as Sprint bailed on its deal with Clearwire. The fact that we are again talking about a nationwide U.S. WiMax network, is great news for Ceragon.
Thus far, CRNT has been one of the top performing stocks on my watchlist. Props to Danny Upshaw for picking a good one and writing about it.
That's all for now.
