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- S&P, Nasdaq drop on tech selloff as concerns about hawkish Fed, AI spending mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- Oil prices steady as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
MKM Partners Raises Price Target on Ciena (CIEN) to $28; Reiterates Buy
September 2, 2016 10:51 AM EDTMKM Partners reiterated a Buy rating on CIENA (NYSE: CIEN), and raised the price target to $28.00 (from $26.00), following the company's 3Q earnings report. MKM's bullish view is based on the strong U.S. and European 100+G Metro and DCI cycles that should drive total... More
BMO Capital Raises price Target on Ciena (CIEN) to $27.00 Following 3Q Report
September 2, 2016 10:08 AM EDTBMO Capital reiterated an Outperform rating on CIENA (NYSE: CIEN), and raised the price target to $27.00 (from $25.00), following the company's 3Q earnings report. CIEN reported in-line revenues and margins and EPS that was better than expected. EPS of $0.42 was above consensus estimate of $0.38.... More
