Ceragon Networks Ltd. (NASDAQ:CRNT)

5g upside play from r/pennystocks

The company helps send information from wireless towers to the actual hard-wired internet, and also provides connectivity between different 5G towers.

This type of technology is known as "wireless backhaul services." These backhaul processes can instantly measure the different ways data can be moved from one place to another to determine which way the data can be sent. This could be through fiber optic wires, through microwave systems, satellite connections or by other means.

The goal is always to get the information to and from the world-wide-web as quickly and efficiently (and cost effectively) as possible.

Wireless backhaul services are important in congested networks around populated cities because there can be a tremendous amount of "traffic" in certain areas at specific times. The technology is also very important in more urban settings where there may be less infrastructure built and different "non-traditional" ways of transferring the data may be used.

In short, CRNT provides an important function that is largely unseen and unappreciated. But the function CRNT plays in helping get data from cellular towers to wherever it is going plays a crucial role in 5G networking.

Anticipating an Imminent Buyout

Now that 5G networks are up and running and being used by millions of iPhone purchasers, it's more important than ever for the networks to be operating at peak capacity.

That urgency is probably the catalyst behind options spike this week.