Cowen & Co. Maintains Outperform Rating for Ciena: Here's What You Need To Know

Cowen & Co. Maintains Outperform Rating for Ciena: Here's What You Need To Know

Cowen & Co. has decided to maintain its Outperform rating of Ciena CIEN and lower its price target from $82.00 to $71.00.

Shares of Ciena are trading down 0.09% over the last 24 hours, at $45.44 per share.

A move to $71.00 would account for a 56.25% increase from the current share price.

About Ciena

Ciena Corp is a network strategy and technology company. It provides network hardware, software, and services that support the transport, switching, aggregation, service delivery, and management of video, data, and voice traffic on communications networks. It serves various industries such as communication services providers, web-scale providers, cable operators, government, and large enterprises worldwide. The business activities function through Networking Platforms; Platform Software and Services; Blue Planet Automation Software, and Global Services segments. Geographically, its presence is seen in the markets of the United States, Canada, the Caribbean, Latin America, Europe, the Middle East, Africa, the Asia Pacific, Japan, and India.

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Posted In: BZI-AAR-UPDATEAnalyst Ratings