The stock fell even below $3, something I did not expect. I actually sold above $4 when shares spiked a while ago, and I thought shares would bottom at around $3.50 or so. Against this backdrop, CRNT shares crashed once again, but this time much more than I imagined. So once again the market has no reason to discount in today's share price, increased demand and revenue, and most of all 5G revenue. To summarize, we continue to expect 2019 revenue to be similar to 2018įlat revenue for a second year in a row was not what the market wanted to hear. Unfortunately, once again management did not give the market any guidance for increased revenue. Something I was hoping to hear in the previous conference call was forward guidance pertaining to 5G orders. In fact, I also said that even if the company misses on revenue and EPS, shares should not correct by much because the stock was a bargain, to begin with. On my previous article on Ceragon Networks ( NASDAQ: CRNT), I outlined 4 reasons why shares of the company should be bought before earnings.
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