Goldman Sachs Sees Upside In Ciena Corporation
Shares of Ciena Corporation (NYSE: CIEN) are trading up five percent Friday following an upgrade to Buy 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.
Kent 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 its presence as part of AT&T's future network investment plans.
Latest Ratings for CIEN
|Sep 2016||Stifel Nicolaus||Initiates Coverage on||Hold|
|Sep 2016||Morgan Stanley||Downgrades||Overweight||Equal-Weight|
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