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$5.07 -0.10 (-1.93%)
10/10/2008 4:00 PM

Ceragon Networks Ltd. (CRNT)

CAPS Rating:
*****

The Company designs, develops, manufactures and sells high-capacity, point-to-point wireless backhaul solutions.

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Avatar Tasslhff (< 20) Submitted: 10/13/07 8:42 PM : Underperform Start Price: $16.54 CRNT Score: 25.98

CRNT just diluted their shares. The company isnt has had a couple of profitable quarts but the dilution is going to hurt the stock price. The initial dilution was 6 mill or so and they added an additional 20Million for the future. This stock is going to 10

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Avatar Foliobuilder (44.38) Submitted: 12/05/07 9:47 PM

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I agree with you. The recent public offering appeared to be an "in the hole secondary," meaning it was priced at $13.50 and the stock was selling in the $18-19 range at the end of October and had dropped to $15 or so by Nov 5. Pricing the follow-on offering at a lower price than where it was recently trading just prior to Nov 8th isn't a good sign. No wonder it immediately went to $12. Its going lower from here.

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