Pre-Open Stock Movers 9/03: (KCAC) (FGEN) (FIVE) (NVAX) (AKBA) (CIEN) (TSLA) (More...)
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CIENA (CIEN) PT Lowered to $54 at Stifel Following 3Q
September 4, 2020 6:55 AM EDTStifel analyst John Marchetti lowered the price target on CIENA (NYSE: CIEN) to $54.00 (from $61.00) while maintaining a Buy rating following the company's 3Q earnings. Revenue of $977m was in line with estimates. EPS of $1.06 was well above the consensus estimate of $0.83.
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