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Fly News Breaks for June 7, 2019
CIEN
Jun 7, 2019 | 05:26 EDT
Citi analyst Jim Suva raised his price target for Ciena to $55 from $50 and reiterates a Buy rating on the shares following the company's fiscal Q2 results. The company reported a "big beat on all metrics" and countered concerns going into the print of gross margin pressures and a possible slowdown by cloud hyperscale providers, Suva tells investors in a post-earnings in a research note.
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