Ciena (CIEN): Needham Getting More Positive
Get Alerts CIEN Hot Sheet
Rating Summary:
25 Buy, 5 Hold, 2 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Join SI Premium – FREE
Needham & Company analyst, Alex Henderson, reiterated his Buy rating on shares of CIENA (NYSE: CIEN) and is generally more positive following the Ciena earnings release, conference call and call back. The analyst stated that management called out improving conditions in Europe, strong demand growth in CALA, robust US demand with accelerating Metro sales and stronger growth and share in Sub-Sea. Ciena also stressed continuing improvement in margins in FY17 and beyond.
No change to the price target of $30.
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 $22.89 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Growth isn't weak enough to truly undercut inflation pressures - BMO
- Netflix (NFLX) raised to Buy at Needham & Company on revenue upside
- Alpine Income Property Trust (PINE) PT Lowered to $18 at Jones Trading
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, EarningsRelated Entities
Needham & Company, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!