Morgan Stanley downgraded CIENA (NYSE: CIEN) from Overweight to Equalweight with a price target of $23 (unchanged).

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 $23.17 yesterday.

Downgrades

MKM Partners Raises Price Target on Ciena (CIEN) to $28; Reiterates Buy September 2, 2016 10:51 AM BMO Capital Raises price Target on Ciena (CIEN) to $27.00 Following 3Q Report September 2, 2016 10:08 AM CIENA (CIEN) PT Raised to $27 at Jefferies on NA ImprovementSeptember 2, 2016 7:11 AM Drexel Hamilton Downgrades CIENA (CIEN) to HoldSeptember 2, 2016 6:47 AM Ciena (CIEN) Tops Q3 EPS by 4cSeptember 1, 2016 7:01 AM Ciena (CIEN) calls active on elevated volatility into Q3 and outlookAugust 31, 2016 2:32 PM