Ceragon Networks Ltd. (Nasdaq: CRNT) announced after Wednesday’s opening that it developed a new line of wireless Ethernet platforms. The new line gives mobile operators a platform for migrating traditional backhaul networks to Internet Protocol.

Before Wednesday’s opening bell, investment bank RBC Capital analysts said in a note to investors that it maintained its “outperform” rating on Ceragon but the target price was reduced to $12 from $14. In today’s trading, CRNT shares were up 15.69%, or $1.26, at $9.29.

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