The Stock Market is Crazy

Ok, someone try to explain this to me in plain English:

Ceragon Networks reported it's quarterly earnings today.

Earnings were 4.9$ million, 83%(!!!) more than the year ago quarter. It matched estimates by analysts.

Revenue for the quarter rose by 40%, matching estimates by analysts.

Revenue for all of 2007 rose by 49%, beating estimates by analysts.

The company still believes it can grow at a rate of 25-30% each quarter.

Amazing numbers. Wonderful numbers.

And yet - the stock fell 17% in a single day. At some point, it fell more than 20%.

The stock market is crazy sometimes...

* Oded is a Ceragon Networks stock holder.