Jefferies Views Ciena Corp (CIEN) Valuation as Fair
Yesterday Ciena Corp (Nasdaq: CIEN) posting Q4 results that were a bit below consensus.
Commenting on developments, Jefferies analyst George C. Notter said, "While we remain concerned about longer term profitability and declining legacy products, we still believe the business may get an intermediate-term boost as the 6500 / 5430 product cycles get traction with significant customers."
Overall Notter thinks risk/reward in the stock is balanced. Jefferies has a Hold rating on CIENA (NASDAQ: CIEN) with a price target of $14.50
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 $15.80 yesterday, with a 52 week range of $10.30-$18.39.
Commenting on developments, Jefferies analyst George C. Notter said, "While we remain concerned about longer term profitability and declining legacy products, we still believe the business may get an intermediate-term boost as the 6500 / 5430 product cycles get traction with significant customers."
Overall Notter thinks risk/reward in the stock is balanced. Jefferies has a Hold rating on CIENA (NASDAQ: CIEN) with a price target of $14.50
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 $15.80 yesterday, with a 52 week range of $10.30-$18.39.