$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