Ceragon (Nasdaq:CRNT), DragonWave (Nasdaq:DRWI), Anaren (Nasdaq:ANEN) to Benefit from Wireless Infrastructure Spending

Saying they believe the spend for wireless infrastructure should continue to grow in 2011, Canaccord sees Ceragon (Nasdaq:CRNT), DragonWave (Nasdaq:DRWI) and Anaren (Nasdaq:ANEN) continuing to benefit from it.

Canaccord says, "Based on our proprietary telecom survey, we believe vendors exposed to wireless infrastructure spending and mobile backhaul spending should benefit as carriers increase spending in these key areas to meet growing bandwidth demand. This demand is the result of increased traffic growth from smartphones and connected mobile computing tablets and laptops. For 2011, we prefer smaller cap companies with exposure to growth segments in infrastructure, a diversified customer base, and a defensible business model versus larger cap incumbents. We reiterate our BUY rating for Ceragon Networks (CRNT), DragonWave (DRWI), and Anaren (ANEN). We are increasing our Powerwave (PWAV) estimates but maintain our HOLD rating, and we maintain our HOLD rating on Ericsson (ERIC)."

Ceragon was trading at $13.40, up $0.24, or 1.82 percent, as of 2:48 PM EST. DragonWave was trading at $7.44, up $0.11, or 1.50 percent. Anaren was trading at $21.37, up $0.26, or 1.23 percent.