Ceragon Networks(US:CRNT) ZACKS·2024-12-05 14:51Core Insights - Momentum investors focus on "buying high and selling higher" rather than traditional strategies of buying low and waiting for recovery [1] - Identifying the right entry point for fast-moving stocks can be challenging, as they may lose momentum if future growth does not justify their high valuations [2] Investment Strategy - A safer investment approach involves targeting bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify such opportunities [3] - Ceragon Networks (CRNT) is highlighted as a strong candidate due to its recent price increase of 82.1% over the past four weeks, indicating growing investor interest [4] Performance Metrics - CRNT has shown a significant price gain of 57.8% over the past 12 weeks, with a beta of 1.61, suggesting it moves 61% more than the market [5] - The stock has a Momentum Score of B, indicating a favorable time to invest based on its momentum characteristics [6] Earnings and Valuation - CRNT has received a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which typically attract more investor interest [7] - The stock is currently trading at a Price-to-Sales ratio of 0.99, suggesting it is undervalued at 99 cents for each dollar of sales [7] Additional Opportunities - Besides CRNT, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - The Zacks Premium Screens offer over 45 different strategies to help investors identify potential winning stocks based on their personal investing styles [9]