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Fly News Breaks for June 7, 2019
CIEN
Jun 7, 2019 | 08:30 EDT
Jefferies analyst George Notter raised his price target for Ciena to $55 from $50 saying the company's April quarter results reinforced his view that the company is the long-term share consolidator in the space. He thinks the shares remain "too cheap" as the Street is still underestimating Ciena's ability to grow market share over time. The analyst keeps a Buy rating on the name.
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