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Jefferies analyst George Notter raised the price target on CIENA (NYSE: CIEN) to $85.00 (from $70.00) while maintaining a Buy rating.
The analyst commented, "Cienas results and forward-looking guidance point to a very positive inflection point in its business. Its differentiated products and consistent... More
Citi analyst Jim Suva raised the price target on CIENA (NYSE: CIEN) to $85.00 (from $70.00) while maintaining a Buy rating.... More
BofA Securities analyst Tal Liani raised the price target on CIENA (NYSE: CIEN) to $83.00 (from $70.00) while maintaining a Buy rating.... More
Needham & Company analyst Alex Henderson raised the price target on CIENA (NYSE: CIEN) to $80.00 (from $65.00) while maintaining a Buy rating.
The analyst commented, "Ciena posted its third consecutive quarter with Book-to-Bill Significantly above 1.0, resulting in a year-end Backlog rising $1 billion for the year... More
Barclays analyst Tim Long raised the price target on CIENA (NYSE: CIEN) to $84.00 (from $66.00) while maintaining a Overweight rating.... More
Morgan Stanley analyst Meta A. Marshall raised the price target on CIENA (NYSE: CIEN) to $74.00 (from $59.00) while maintaining a Equalweight rating.... More
Raymond James analyst Simon Leopold raised the price target on CIENA (NYSE: CIEN) to $75.00 (from $64.00) while maintaining a Outperform rating.
... MoreEvercore ISI analyst Amit Daryanani raised the price target on CIENA (NYSE: CIEN) to $85.00 (from $65.00) while maintaining a Outperform rating.
... MoreCiena (NYSE: CIEN) shares are gaining over 11% in active pre-market trading, following Q4 earnings readout.
Ciena (NYSE: CIEN) reported Q4 EPS of $0.85, $0.01 worse than the analyst estimate of $0.86. Revenue for the quarter came in at $1.04 billion versus the consensus estimate of $1.03 billion.
For earnings history and earnings-related data on Ciena (CIEN) click here.
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