Despite Fast-paced Momentum, Ceragon (CRNT) Is Still a Bargain Stock

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investors often face challenges in determining the right entry point, as stocks may lose momentum when their valuations exceed future growth potential [2] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify such opportunities [3] Group 2: Ceragon Networks (CRNT) Analysis - Ceragon Networks (CRNT) has shown significant recent price momentum, with a four-week price change of 18.6%, indicating growing investor interest [4] - Over the past 12 weeks, CRNT has gained 3.7%, and its beta of 1.35 suggests it moves 35% more than the market in either direction, highlighting its fast-paced momentum [5] - CRNT has a Momentum Score of B, suggesting it is an opportune time to invest in the stock for potential success [6] Group 3: Earnings Estimates and Valuation - An upward trend in earnings estimate revisions has contributed to CRNT earning a Zacks Rank 2 (Buy), as analysts raising estimates typically attract more investor interest [7] - CRNT is trading at a Price-to-Sales ratio of 0.71, indicating it is relatively undervalued, as investors pay only 71 cents for each dollar of sales [7] Group 4: Additional Investment Opportunities - Besides CRNT, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, suggesting further investment opportunities [8] - The Zacks Premium Screens offer over 45 different strategies tailored to help investors find winning stock picks [9]