Ceragon Networks(US:CRNT) ZACKS·2024-11-29 18:00Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Ceragon Networks (CRNT) - Ceragon Networks currently holds a Momentum Style Score of B, indicating a favorable momentum characteristic [2] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] Performance Metrics - Over the past week, CRNT shares have increased by 36.53%, while the Zacks Wireless Non-US industry remained flat [6] - In the last month, CRNT's price change is 64.11%, significantly outperforming the industry's 0.12% [6] - Over the past quarter, CRNT shares rose by 40.83%, and over the last year, they increased by 115.34%, compared to the S&P 500's gains of 7.61% and 33.32%, respectively [7] Trading Volume - CRNT's average 20-day trading volume is 1,434,194 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, one earnings estimate for CRNT has increased, while none have decreased, raising the consensus estimate from $0.24 to $0.32 [10] - For the next fiscal year, one estimate has moved upwards with no downward revisions, indicating positive earnings momentum [10] Conclusion - Given the strong performance metrics and positive earnings outlook, CRNT is positioned as a promising momentum pick with a Momentum Score of B [11]