Ciena (CIEN) June weekly 57 straddle priced for a move of 8.5% into quarter results

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CIENA (CIEN) PT Raised to $73 at Cowen

June 5, 2020 8:31 AM EDT

Cowen analyst Paul Silverstein raised the price target on CIENA (NYSE: CIEN) to $73.00 (from $69.00) while maintaining a Outperform rating. All key underlying drivers remain intact. But margin progression and EPS are tracking well ahead and above investor expectations. Soft FY3Q20 and FY20... More