Ciena (CIEN) June 50 straddle into quarter results

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CIENA (CIEN) PT Lowered to $50 at Evercore ISI

June 6, 2023 10:57 AM EDT

Evercore ISI analyst Amit Daryanani lowered the price target on CIENA (NYSE: CIEN) to $50.00 (from $57.00) while maintaining a In Line rating.

The analyst comments " Net/Net: We think these pushouts are logical given how extended lead times had gotten. This should... More