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CIENA (CIEN) PT Raised to $40 at Nomura/Instinet Following 4Q Report

December 14, 2018 7:00 AM EST

Nomura/Instinet analyst Jeffrey Kvaal raised the price target on CIENA (NYSE: CIEN) to $40.00 (from $35.00) while maintaining a Buy rating following the company's 4Q earnings report. F4Q sales of $899mn easily beat consensus on solid NA, LatAm. EPS of $0.53 essentially matched consensus of... More