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MKM Partners Raises Price Target on Ciena (CIEN) to $28; Reiterates Buy

September 2, 2016 10:51 AM EDT

MKM 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 EDT

BMO 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