Nomura Securities Maintains a 'Buy' on CIENA (CIEN); Highlights From Investor Day
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Price: $20.38 +1.39%
Rating Summary:
14 Buy, 10 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Rating Summary:
14 Buy, 10 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Trade CIEN Now!
Nomura Securities maintains a 'Buy' on CIENA (NASDAQ: CIEN) price target of $17.00.
Analyst, Stuart Jeffrey, said, "Our estimates and Buy rating remain unchanged on Ciena following the company’s investor day. The sessions proved largely educational with regard to longer-term product strategy, with financial targets all retained. We continue to look for strong revenue growth and largely fixed opex to drive margin expansion to 10%, accompanied by solid cash generation. No change to our 2012E/2013E EPS of ($0.08)/$0.97 vs. Street at ($0.03)/$0.78."
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 $14.12 yesterday, with a 52 week range of $9.89-$19.44.
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Analyst, Stuart Jeffrey, said, "Our estimates and Buy rating remain unchanged on Ciena following the company’s investor day. The sessions proved largely educational with regard to longer-term product strategy, with financial targets all retained. We continue to look for strong revenue growth and largely fixed opex to drive margin expansion to 10%, accompanied by solid cash generation. No change to our 2012E/2013E EPS of ($0.08)/$0.97 vs. Street at ($0.03)/$0.78."
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 $14.12 yesterday, with a 52 week range of $9.89-$19.44.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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