Ceragon Networks: Resilience and Strategic Wins Drive Buy Rating Amid Mixed Q3 Results
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Needham analyst Ryan Koontz has maintained a Buy rating on Ceragon Networks, setting a price target of $3.00. Despite mixed Q3 results, with revenue slightly above and earnings per share slightly below expectations, the company demonstrated resilience, particularly in North America due to increased deployments from T-Mobile. Management's confidence in securing a new U.S. tier 1 client in 2026 further supports the positive outlook. Additionally, another report upgraded the stock to a Buy with a $2.50 price target.
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