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Fly News Breaks for December 14, 2018
CIEN
Dec 14, 2018 | 09:29 EDT
BMO Capital analyst Tim Long raised his price target on Ciena to $42 after its "strong" Q4 results that were driven by improving margins, saying the company continues to "diversify away from the traditional telco vertical into growth areas like webscale, where demand is strong. " The analyst also keeps his Outperform rating on Ciena while citing the company's "growth outlook, improving balance sheet, and consistent capital return program."
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