Ciena Corp. (CIEN) Tops Q1 EPS by 25c; Guides Q2 Sales In-Line
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March 8, 2013 8:57 AM EST
Nomura Securities raised its price target on Buy-rated CIENA (NASDAQ: CIEN) from $17.50 to $20 following "solid" Q1 results.
"After a few quarters in which gross margins disappointed, Ciena posted the second sequential jump in profitability to underline its future earnings power," analyst Stuart... More
March 8, 2013 6:52 AM EST
FBR Capital raised its priced target on Outperform-rated CIENA (NASDAQ: CIEN) from $18 to $20 following a "strong beat."
"There was not much to find wrong as the company handily topped consensus and our estimates on every metric," the analyst said. "While the 2Q13... More
March 7, 2013 8:24 AM EST
Ciena Corporation (Nasdaq: CIEN) peers are on watch following the company's favorable Q1 report.
These include JDS Uniphase Corporation (Nasdaq: JDSU), Finisar Corp. (Nasdaq: FNSR), ADTRAN Inc. (Nasdaq: ADTN), and Oplink Communications, Inc. (Nasdaq: OPLK). Ciena supplier Oclaro, Inc. (Nasdaq: OCLR) is also on watch.... More
