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Piper Jaffray lowers Ciena price target

Published 08/31/2017, 04:07 PM
© Reuters.  Piper Jaffray lowers Ciena price target
NOKIA
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CIEN
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  • Piper Jaffray reduces the price target for Ciena (NASDAQ:CIEN) from $32 to $30 but reiterates its Overweight rating.
  • Analyst Troy Jensen cites the strong quarterly results and sees the company as the supplier best positioned for Metro and DCI.
  • Jensen believes Ciena will lead revenue growth in the industry for several years.
  • Source: The Fly
  • Ciena shares closed today down 11.04%.
  • Previously: Ciena beats Q2 estimates, issues weak guidance; shares down 8.6% (Aug. 31)
  • Now read: Nokia (HE:NOKIA): Slow And Steady, No Need To Buckle Up


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