UPDATE: Jefferies Upgrades Ciena Corporation to Hold on Balanced Risk/Reward
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 2015||RBC Capital||Upgrades||Sector Perform||Outperform|
|Sep 2015||Deutsche Bank||Downgrades||Buy||Hold|
|Aug 2015||Raymond James||Upgrades||Market Perform||Outperform|
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