Ciena Corporation Climbs 7.1% To 52-Week High (CIEN)

Shares of Ciena Corporation

are trading up 7.1% at $20.65 per share during the Thursday afternoon trading session. Deutsche Bank initiated coverage of Ciena Corporation with a rating of Buy and a price target of $25 per share. The day's trading range for shares of Ciena Corporation (

) has been between $19.48 and a 52-week high of $20.65 per share. Analysts covering Ciena Corporation stock give it a consensus price target of $21.49 per share. Trading volume for Ciena Corporation has been fairly heavy, with 8 million shares having been traded today, well above the daily average volume of 5.7 million shares. Ciena is a network specialist that brings together the reliability and capacity of optical networking with the flexibility and economics of Ethernet, unified by a software suite that delivers the industry's leading network automation. Read more