Crnt stock forecast models based on Fibonacci retracement

CRNT stock forecast models based on Fibonacci retracement levels suggest a near-term support zone at $1.42, with a possible rally if global telecom capital expenditure remains robust. We check all companies for important risks. See what we found for Ceragon Networks in our free report . Nonetheless, a slowdown in certain public network domains outside of India, mainly due to a weak global macro environment, as well as demand for 5G by network users, remains concerning for CRNT. Intense competition from Chinese players in Latin America, Africa and some parts of Asia-Pacific is another headwind. According to recent market data, CRNT stock forecast sentiment is supported by new 5G deployment projects in emerging markets. Revenue guidance for 2024 is closely linked to these telecom infrastructure contracts.