Bhutan Telecom Boosts Network Capabilities with Ciena

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CIENA (CIEN) PT Raised to $65 at Needham

August 22, 2024 6:30 AM EDT

Needham analyst Ryan Koontz raised the price target on CIENA (NYSE: CIEN) to $65.00 (from $60.00) while maintaining a Buy rating.

The analyst comments "Despite telecom spending reflecting depressed levels in C24, we are incrementally more positive on CIEN as our checks indicate an improving... More