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Ceragon Networks (NASDAQ:CRNT) issued its quarterly earnings data on Thursday. The company reported ($0.09) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.07) by $0.02, AnalystRatings.Net reports. The company had revenue of $89.50 million for the quarter, compared to the consensus estimate of $90.38 million.

On the ratings front, analysts at Needham & Company initiated coverage on shares of Ceragon Networks in a research note on Monday, December 9th. They set a “strong-buy” rating and a $8.00 price target on the stock.

Ceragon Networks Ltd. is a provider of wireless backhaul solutions, which enables cellular operators and other wireless service providers to deliver voice and data services, such as Internet browsing, music and video applications.

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