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Why Ceragon Networks Stock Just Crashed 14%

Why Ceragon Networks Stock Just Crashed 14%

Investors in Israeli wireless backhaul solutions specialist Ceragon Networks (NASDAQ: CRNT) have had an exciting week. As of 11:15 a.m. EST Wednesday, Ceragon stock was down by 14.2%. In a seemingly sharp reversal of opinion, on Wednesday morning, analysts at Needham & Co. cut their rating on Ceragon stock all the way from buy to underperform (i.e., sell) -- but not because they no longer like the company.