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- S&P, Nasdaq drop on semiconductor selloff as AI spending concerns 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
CIENA (CIEN) PT Raised to $39 at JPMorgan Following 3Q
August 31, 2018 7:05 AM EDTJPMorgan analyst, Samik Chatterjee, raised the price target on CIENA (NYSE: CIEN) to $39.00 (from $33.00) while maintaining a Overweight rating following the company's 3Q earnings report. Ciena reported much better than expected results, and another raise to the revenue growth guidance for the full year,... More
JPMorgan Remains Bullish on Ciena (CIEN) Following 3Q Report
August 30, 2018 8:38 AM EDTJPMorgan analyst, Samik Chatterjee, reiterated an Overweight rating and $33.00 price target on CIENA (NYSE: CIEN) following the company's 3Q earnings report. Revenues tracked at $819 mn vs. consensus of $792 (vs. management guidance of $775-$805 mn). EPS of $0.48 vs. consensus of $0.36.
Chatterjee expects the... More

