OnlyFibs
Oct 3, 11:49 PM
$CRNT | Detailed Breakdown 📊
• Company: Ceragon Networks
(
$CRNT)
• Sector: Technology / Communication Equipment• Business: Wireless transport & 5G/4G backhaul equipment.
• Profitability: TTM EPS -
$0.03 (GAAP) / Non-GAAP Profitable (
$0.02 EPS Q2 2026). FY26 Revenue Outlook:
$355M–
$385M.
• Catalyst: Q2 Revenue Beat (
$93.9M vs
$86.5M exp) driven by strong 5G demand in India.Technical Breakdown:
Coiling at the apex of a multi-year monthly wedge above
$2.00 support. Clearing
$2.50 resistance confirms a long-term breakout.
🎯 Key Levels:
🐂 Bull Trigger:
$2.35 /
$2.50
🚀 Targets (TP):
$3.25 /
$5.00 /
$7.00
🛡 Support:
$2.00 /
$1.85
⚠ Stop Loss (SL):
$1.80 ⚖ Bias: Bullish (Multi-Year Wedge Compression)
• Rationale: Price is compressed at apex while holding historic
$2.00 base support. Solid top-line beats back up the technical reversal base. #CRNT #stocks #trading #hovdid
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