Needham & Company Maintains a 'Buy' on CIENA (CIEN); Putting VZ/JNPR Deal in Context
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Price: $15.51 +0.19%
Rating Summary:
14 Buy, 10 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
14 Buy, 10 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade CIEN Now!
Needham & Company maintains a 'Buy' on CIENA (NASDAQ: CIEN) price target of $16.00.
Analyst, Alex Henderson, said, "We continue to believe Ciena is well positioned and note the newly announced Sprint (NYSE: S) award as additional evidence. The Juniper (Nasdaq: JNPR) announcement with Verizon of a converged wireline with wireless core based on Juniper’s IP/MPLS PTX SuperCore routers raises a question about the control plane vision at Verizon. How does Verizon (NYSE: VZ) see OTN and how do you square the PTX routing core with the Verizon Metro build with Ciena?"
"We think Ciena’s control plane strength is a core asset and we think the success selling DWDM coherent 100G transport strengthens their position as a primary supplier of OTN switching, ROADMs and Carrier Optical Ethernet."
For an analyst ratings summary and ratings history on CIENA click here. For more ratings news on CIENA click here.
Shares of CIENA closed at $15.06 yesterday, with a 52 week range of $9.89-$18.87.
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Analyst, Alex Henderson, said, "We continue to believe Ciena is well positioned and note the newly announced Sprint (NYSE: S) award as additional evidence. The Juniper (Nasdaq: JNPR) announcement with Verizon of a converged wireline with wireless core based on Juniper’s IP/MPLS PTX SuperCore routers raises a question about the control plane vision at Verizon. How does Verizon (NYSE: VZ) see OTN and how do you square the PTX routing core with the Verizon Metro build with Ciena?"
"We think Ciena’s control plane strength is a core asset and we think the success selling DWDM coherent 100G transport strengthens their position as a primary supplier of OTN switching, ROADMs and Carrier Optical Ethernet."
For an analyst ratings summary and ratings history on CIENA click here. For more ratings news on CIENA click here.
Shares of CIENA closed at $15.06 yesterday, with a 52 week range of $9.89-$18.87.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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