Why Ceragon Networks Stock Rocketed 54% Friday

Rich Smith, The Motley Fool
·2 min read
Why Ceragon Networks Stock Rocketed 54% Friday

Shares of Israeli wireless-backhaul company Ceragon Networks (NASDAQ: CRNT) took off like a rocket Friday, rising 54% on no news at all. It's earnings season and you might think "earnings" were the reason Ceragon stock is up, but Ceragon's earnings aren't due out until Feb. 8. Over on the social networking site, traders are talking up Ceragon stock, touting it as a "5g play" and "about to go" and saying "a youtuber has said that this is a good stock to buy."