Jefferies & Company Reiterates Hold Rating, $14.50 PT on Ciena Corporation
In a report published Friday, Jefferies & Company reiterated its Hold rating and $14.50 price target on Ciena Corporation (NASDAQ: CIEN).
Jefferies noted, “Ciena printed fiscal Q4 results that were slightly lower than consensus. While we remain concerned about longer term profitability and declining legacy products, we still believe the business may get an intermediate-term boost as the 6500 / 5430 product cycles get traction with significant customers. Nonetheless, we still think the risk/reward is balanced.”
Ciena Corporation closed on Thursday at $15.80.
Latest Ratings for CIEN
|Nov 2016||Deutsche Bank||Upgrades||Hold||Buy|
|Sep 2016||Stifel Nicolaus||Initiates Coverage on||Hold|
|Sep 2016||Morgan Stanley||Downgrades||Overweight||Equal-Weight|
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