Ceragon Networks (CRNT), the Israel-based wireless equipment maker specializing in “backhaul” for cellular networks, should benefit greatly from the continued expansion of cellular in India, writes CL King analyst Lawrence Harris in a note to clients today.
Harris observes that India recently announced its cellular operators added an amazing 19 million [...]

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Shares of wireless backhaul equipment vendor Ceragon Networks (CRNT) are up 55 cents, or 4.4%, at $13.15 after RBC Capital’s Daniel Meron today raised his rating on the stock to Outperform from Sector Perform, and raised his price target to $16 from $11.
Meron thinks revenue for the Israel-based company can [...]

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Mellanox Technologies (MLNX) shares are down sharply in after hours trading after reporting Q2 results. The Israel-based fabless chip company posted revenue of $40 million and profits of 29 cents a share; the Street has been projecting $39.4 million and 24 cents.
Not sure what’s so bad about that, but someone [...]

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Start-up Sense of Fashion has raised a round of money from the Gemini Israel Funds venture capital fund.

The Tel Aviv, Israel-based company runs an e-commerce site for independent fashion designers to sell and promote their products. It was founded by Daria Shualy and Yael Givon and resembles the do-it-yourself sales site Etsy. The site tries to promote discussion around indie fashion around the world. The blog StartUpMania reported the funding but had no further details. The amount is said to be more than $1 million.

Sense of Fashion’s chief executive is Ori Levy, founder of the start-up Trendum Buzzmetrix which was sold to Nielsen. Levy was the main investor in the company before Gemini invested. Sense of Fashion was founded in 2008 and has four employees.

Companies: Gemini, Sense of Fashion

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