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7 pts

Opinion on  Ceragon Networks Ltd. (CRNT)     Sector: Technology  >  Industry: Communications Equipment
bad news

Oct 06, 2007 10:54 AM GMT
86_edited
Return Risk
+1.73% HIGH
Sr. Associate

strong sell friday on confusing news, this is a wait and see position till the future uncertiancy

passes by


Update 10/07:

Invester are feeling the strain after fridays sell of, General dynamics announced a pair of dilutive event.

management is offering 6 million shares stock offering

ceragon will be asking shareholders to approve as much as a 110% potential dilution of its stock.

hold is the best spot till they work things out

 


CRNT:  This call was made on 10/06/07 @ $16.94
Rating:   Neutral/Hold   $16.94 (10/06/07)
Closed:   10/28/2007 @ $18.12 (+6.97% in 22 days)
Target:   $20.00 (+18.06%) in < two weeks


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gene fleszar previously rated CRNT
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