CIENA (CIEN) PT Lowered to $45 at Northland Capital Markets

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Go back to CIENA (CIEN) PT Lowered to $45 at Northland Capital Markets

Ciena (CIEN) Slips After JPMorgan Downgrade, Analyst Sees Risk Tilted to Downside

September 6, 2022 9:30 AM EDT

Shares of Ciena (NYSE: CIEN) are down about 2.5% in premarket Tuesday after JPMorgan analyst Samik Chatterjee downgraded to Neutral from Overweight with a $45.00 per share price target (down from $62.00).

CIEN shares fell about 13% in recent days in response to weak FQ3 results. The downgrade move comes on the... More