CIENA (CIEN) PT Raised to $88 at Jefferies Following Meetings

Jefferies analyst George Notter raised the price target on CIENA (NYSE: CIEN) to $88.00 (from $85.00) while maintaining a Buy rating after catching up with Ciena management for a deeper discussion of their long-term business opportunities.

The analyst commented, "The conversation reinforced our view – their differentiated products and consistent execution are now readily translating into new customer wins and growing market share. We still think the Street is underestimating their long-term ability to consolidate market share and expand margins."

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