Ceragon Networks shares undervalued, says Needham Needham hosted investor meetings with Ceragon Networks and said it has renewed confidence it can hit targets for the remainder of 2014 with potential upside to 2015. The firm said management's degree of confidence has increased and views shares as undervalued. Needham rates Ceragon a Strong Buy with an $8 price target.
Ceragon Networks announces follow-on order by global Tier 1 operator Ceragon Networks announced that it has received follow-on orders from a global Tier 1 operator serving 20 countries across Asia and Africa. This latest upgrade of both African and Asian subsidiaries brings the total order value to over $50M year to date. In Africa Ceragon's Evolution Long-Haul solution will serve to expand the operator's mobile reach across eight national markets. In Asia, Ceragon's all-out-door expertise and FibeAir solutions will be used to both expand existing 3G services and facilitate the upgrade to high-speed 4G/LTE networks.