+ Watch CRNT
on My Watchlist
The Company designs, develops, manufactures and sells high-capacity, point-to-point wireless backhaul solutions.
orders are ramping up. Undervalued
Solid balance sheet, solid leadership and strong track record. I think they'll double by end of year 2013
Even with all of the uncertainty in the world these days, one thing that I'm certain of is the technology will continue to advance and almost all of it will be wireless in the future.
This is a small/mid cap high growth stock that should outperform the S&P during the bull market.
2011 setback in earnings has depressed stock price, but looks set for tremendous earnings growth in 2012 and 2013. I expect to see prices in the $30's in 2013
low PEG, strong price uptrend
Low-cost, high-performance mobile communication play focused on backhaul for expanding markets.
CRNT has a high quality product, very versatile and perfectly designed to meet the telecom service providers needs, in terms of the evolution towards LTE and high bandwidth with QoS
Internet infrastructure will continue to expand
A leader in the telecom backhaul sector. The "next big thing" in both tech an telecom is the global expansion of internet/data transmission, storage, and accessibility. Carriers and hardware makers will only stagnate with high competition and low margins while the real story will be in supporting the infrastructure's bandwidth demand. CRNT is global, has a market cap less than 350M, 15% insider ownership, reasonable PEG, and projecting solid growth. Risk is competition over contracts, rewards are high.
Microwave backhaul in early stage of growth cycle.
Great balance sheet + presence in major emerging markets + some sweet new contracts = a speculative tech pick with tremendous upside potential. I bought this stock when it was in the high 7's range and it has performed well since then, I only hope it continues to do so!
To give time for CRNT's market to expand an become developed.
Clean balance sheet + emerging market (India)+ hot industry. Even Cramer can't resist now.
Here I am, looking at a small cap telecom equipment stock. I'm pretty sure I went through a 12-step program about investing in this type of company 7 or 8 years ago. But I keep coming back. Oh well, don't tell my sponsor.Ceragon is setting pretty I think. They make radio systems for wireless backhaul of communications traffic. In places with significant wired infrastructure (fiber and TDM leased line), wireless backhaul is an economical adjunct to facilitate cell splitting and to add additional unplanned capacity necessitated by the explosion of data traffic as smart phones become ubiquitous. In "greenfield" deployments, many systems will use wireless backhaul almost exclusively.Ceragon has a technologically advanced product that works well for new deployments that want to stay native IP all the way to the base station, but their radios also easily accommodate traffic that is all TDM, and any mixed-mode combination in between. That makes it a solid choice for networks that are evolving toward IP, but need to support legacy signaling as well. In the all-IP space, there is competition from a Canadian company called Dragonwave, but that company has severe financial issues, while Ceragon has a very strong balance sheet. Big telecoms rarely place bets on struggling small companies. Harris Stratex is another competitor in waiting, but Ceragon looks to be out front and dominates the mixed mode application.It is an Israeli company and it is small. Management to shareholder communication is above average for a foreign company and management doesn't shirk from describing problems/issues facing the business. The most severe of which is that the big telecoms love to stretch out their payables (Ceragon's receivables), meaning that Ceragon's cash conversion cycle is longer than I would like to see (go back to 12-step program and why investing in small telecom equipment companies is hazardous to your sanity).Ceragon has strong business relationships in emerging markets. It also has a strong partnership with giant telecom OEM Nokia Siemens Networks (NSN). NSN has major contracts in India to build out infrastructure as wireless usage explodes in that area and Ceragon's backhaul equipment ties it all together. Recently, Ceragon's business is North America appears to be perking up. After several years of on-again/off-again negotiations with Sprint/Clearwire/... , the WiMax systems are now on Ceragon's back burner. Instead, the business is coming from Verizon as it begins moving toward adding LTE capabilities in its network. AT&T is scheduled to do the same next year and that will be another opportunity.Ceragon is a risky small fish in a big pond. It does have good technology, has continued to grow and operate profitably through the recession, and has plenty of cash and no debt. I'll pick outperform over a multi-year timeframe, fully knowing that the next technology leap may be right around the corner. Yeah, I remember how this works.
I think their technology is the next thing
Wireless is strong for the long haul...i'm in while its down....
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ratings and Key Statistics provided by Zacks.
SEC Filings and Insider Transactions provided by Edgar Online.
Powered and implemented by Interactive Data Managed Solutions. Terms & Conditions