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Fly News Breaks for August 31, 2016
CIEN
Aug 31, 2016 | 08:09 EDT
JPMorgan analyst Rod Hall says Q2 earnings reports from a number of optical component suppliers and system vendors, which indicated ramping North American 100G demand, read positively for Ciena's Q3 results. The stock, near $20, offers "solid value with high earnings growth potential," Hall tells investors in a pre-earnings research note. He reiterates an Overweight rating on Ciena ahead of the company's Q3 results.
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