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Fly News Breaks for April 26, 2018
CIEN
Apr 26, 2018 | 10:01 EDT
Rosenblatt lowered Ciena's (CIEN) price target to $29 from $32 and maintained a Buy rating telling investors recent checks indicate AT&T (T) spending may not be as much as anticipated. The firm's analyst believes Ciena has initiated staff reductions, likely predicated on AT&T headwinds, in an effort to meet earnings expectations.
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