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Fly News Breaks for October 6, 2016
CIEN
Oct 6, 2016 | 09:46 EDT
MKM Partners analyst Michael Genovese said Ciena mid-quarter field checks suggest Q4 orders are strong with incremental order acceleration in the Subseas market in the US, Asia-Pacific, and in the US Metro market. Genovese believes investor gross margin fears are overblown and reiterates his Buy rating and a $28 price target.
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