CIENA (CIEN) PT Raised to $53 at Raymond James

June 7, 2019 7:18 AM EDT
Get Alerts CIEN Hot Sheet
Price: $52.02 +0.60%

Rating Summary:
    23 Buy, 7 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 17 | Down: 5 | New: 36
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Raymond James analyst Simon Leopold raised the price target on CIENA (NYSE: CIEN) to $53.00 (from $48.00) while maintaining an Outperform rating following beat and raise results.

  • Ciena is taking share as it consolidates the optical systems market; for operators, it’s a flight to quality.

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