Dallas,TX 2/2/2010 12:12:24 AM
News / Business

Top Tech. Stocks Gainers are NASDAQ: CNLG, ERIC, CRNT

Tech. Stocks

 

Conolog Corporation (NASDAQ:CNLG) is up 49.29% to $3.15 on 1.60 million shares after the company announced receiving advance orders for its PDR systems and other communication equipment valued at over $1,900,000 with deliveries to be scheduled over the next fiscal year.

 

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Telefonaktiebolaget LM Ericsson (ADR) (NASDAQ:ERIC) soars 5.17% to $10.18 on 1.48 million shares. The stock hit an intraday high and an intraday low of $10.27 and $10.17 respectively. In the last six months the stock went up over 4%. Telefonaktiebolaget LM Ericsson is a supplier of network equipment and related services to telecom operators. The Company offers a portfolio of telecommunication and data communication systems, multimedia solutions and professional services, covering a range of technologies.

 

Ceragon Networks Ltd. (NASDAQ:CRNT) surges 6.87% to $12.60 after the company announced that for fiscal 2010, it expects profits to grow more rapidly than revenues, with a target of 30%-35% revenue growth for fiscal 2010 over fiscal 2009. The Company reported net profit of $7.3 million on revenue of $182.2 million in fiscal 2009. According to Reuters Estimates, analysts were expecting the Company to report net profit of $14.17 million on revenue of $221 million for fiscal 2010.

 

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