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Morgan Stanley: Ciena FQ112 Wrap


In a research report published earlier today by Morgan Stanley, backlog increased for Ciena Corporation (NASDAQ: CIEN), but not much else is going right.

According to Morgan Stanley, “Carriers are ordering new products slowly without committing to volumes as they evaluate competitive platforms; short-term visibility is low, likely continuing into 2H; and mid 40s gross margin appears elusive in the next 5 quarters.”

Morgan Stanley maintains its Equal-weight rating on Ciena, which is currently trading at $14.46.

Posted-In: Morgan StanleyAnalyst Color Reiteration Analyst Ratings


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