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Ciena (CIEN) a 'premium asset at a discount price' - Evercore ISI

January 12, 2024 1:20 PM EST

Evercore ISI analyst Amit Daryanani upgraded Ciena (NYSE: CIEN) to Outperform from In Line in a note Friday, raising the price target to $57 from $52 per share.

Daryanani told investors that his firm sees CIEN as a "premium asset at a discount... More