Form 8-K CIENA CORP For: Jun 02

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Go back to Form 8-K CIENA CORP For: Jun 02

CIENA (CIEN) PT Lowered to $84 at Loop Capital, Remains Bullish, 'Take Advantage of Any Pullback'

June 6, 2022 3:59 AM EDT

Loop Capital analyst Fahad Najem lowered the price target on CIENA (NYSE: CIEN) to $84.00 (from $92.00) while maintaining a Buy rating.

The analyst comments "CIEN reported essentially in-line FY2Q22 revenue but reported disappointing PF EPS and also offered disappointing FY3Q22 guidance. CIEN now expects FY22 revenue growth in MSD vs. its previous outlook of 11... More