Citi Starts Ciena (CIEN) at Buy, $17.50 Price Target

October 28, 2009 8:52 AM EDT

Citi initiates coverage on Ciena Corp. (Nasdaq: CIEN) with a Buy rating and a $17.50 price target.

Shares of Ciena are up more than 2% to around $12.14 in the pre-market session.

Click here to see all the analyst action on shares of Ciena.

Ciena Corporation provides communications networking equipment, software, and services that support the transport, switching, aggregation, and management of voice, video, and data traffic.


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