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

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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
Jun 2016CitigroupMaintainsNeutral
Jun 2016Deutsche BankMaintainsHold
Jun 2016JefferiesMaintainsBuy

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Posted-In: JefferiesAnalyst Color Upgrades Intraday Update Analyst Ratings

 

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