Market Overview

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

Share:
Related CIEN
Ciena To See Small Gain From New Pact With Verizon
Top 4 NYSE Stocks In The Communication Equipment Industry With The Highest Operating Margin

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

DateFirmActionFromTo
Mar 2015BMO CapitalMaintainsOutperform
Nov 2014Northland SecuritiesInitiates Coverage onOutperform
Sep 2014Goldman SachsUpgradesNeutralBuy

View More Analyst Ratings for CIEN
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Upgrades Intraday Update Analyst Ratings

 

Related Articles (CIEN)

Around the Web, We're Loving...