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10 Technology ADRs With Upside

10. Ceragon Networks (CRNT - Get Report) develops, manufactures, and markets wireless networking systems.

For 2010 fourth quarter, analysts polled by Bloomberg expect the company to report earnings of 13 cents per share, as opposed to earnings of 6 cents and 13 cents reported in the year-ago and quarter-ago periods. For the full year, analysts expect the company to report earnings per share of 42 cents for 2010, 38 cents for 2011 and 99 cents for 2012, in comparison to earnings of 10 cents per share for 2009.

The stock will likely provide an upside of 29% over the next 12 months with a consensus target price of $16.8, according to analysts polled by Bloomberg. In comparison, Aviat Networks (AVNW), DragonWave (DRWI) and Alvarion (ALVR) are expected to return around 23%, 13% and 18%, respectively.

Of the 13 analysts covering the stock, 9 recommend buying and 4 suggest holding.
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