Goldman Analysts See Upside In Shares Of Ciena

Shares of Ciena Corporation

are trading up 4.3 percent Friday afternoon following an upgrade of the shares to a Buy rating and price target of $26 at Goldman Sachs. Analysts at Goldman believe shares of Ciena are likely to outperform the market and the company remains the leader of 100G packet optical systems. Schofield feels the company will see operating margin expanding into double digits over the next two years. In addition, Ciena will likely be able to maintain gross margin percentages in the low to mid 40's long term. Analysts are also gaining confidence in Ciena's ability to solidify their presence as part of AT&T's future network investment plans. Shares of Ciena Corporation are currently trading at $19.36 up 4.6 percent.