Nomura Securities Starts CIENA (CIEN) at Buy
Get Alerts CIEN Hot Sheet
Price: $44.27 +0.80%
Rating Summary:
25 Buy, 5 Hold, 2 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 15 | Down: 11 | New: 13
Rating Summary:
25 Buy, 5 Hold, 2 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 15 | Down: 11 | New: 13
Join SI Premium – FREE
Nomura Securities initiates coverage on CIENA (NYSE: CIEN) with a Buy rating and a price target of $29.00.
Analyst Jeffrey Kvaal commented, "A healthy optical market and share gains should drive Ciena to ~10% sales growth through 2016, in our view. Rising sales of the higher-margin metro product should allow for at least stable gross margins and operating leverage. We initiate coverage of Ciena with a Buy rating and $29 target price."
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 $24.20 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Needham Assumes CIENA (CIEN) at Buy
- Dominion Resources, Inc. (D) PT Raised to $43 at BofA Securities
- CLSA Starts Tuhu Car Inc (9690:HK) at Outperform (2)
Create E-mail Alert Related Categories
Analyst Comments, New CoverageRelated Entities
NomuraSign 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!