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UPDATE: Jefferies Upgrades Ciena Corporation to Hold on Balanced Risk/Reward

Related CIEN
Ciena's Mixed Bag Still Has Favorable Long-Term Outlook
Benzinga's Top Downgrades

Jefferies raised its rating on Ciena Corporation (NASDAQ: CIEN) from Underperform to Hold and increased its price target from $10 to $14.50.

Jefferies commented, "While we remain concerned about longer term profitability and declining legacy products, we acknowledge that the stock can continue to work near term. In total, we see the current risk/reward in the stock as balanced. Hence, we're upgrading to a Hold."

Ciena Corporation closed at $15.99 on Friday.

Latest Ratings for CIEN

Sep 2015RBC CapitalUpgradesSector PerformOutperform
Sep 2015Deutsche BankDowngradesBuyHold
Aug 2015Raymond JamesUpgradesMarket PerformOutperform

View More Analyst Ratings for CIEN
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Upgrades Intraday Update Analyst Ratings


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