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Benzinga
Benzinga
Business
Priya Nigam

Ciena Hits Record High Orders, This Analyst Raises Forecasts On Better Visibility

Ciena CIEN Rosenblatt Securities Mike Genovese
Ciena,Signpost,Near,Telecommunications,Equipment,Supplier,Office,In,Silicon,Valley

Ciena Corp (NYSE:CIEN) generated "impressive" earnings growth on record orders and strong operating leverage, according to Rosenblatt Securities.

The Ciena Analyst: Analyst Mike Genovese reaffirmed a Neutral rating, while raising the price target from $100.00 to $127.50.

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