Information Provided By:
Fly News Breaks for August 7, 2019
CIEN
Aug 7, 2019 | 17:43 EDT
Barclays analyst Tim Long initiated Ciena with an Overweight rating and a price target of $50. The analyst is positive on the company's market share gains over the past two years, dominating with "web scale players" and in the high growth areas. Long adds that as large cloud vendors build their own networks, Ciena is positioned for the next leg of growth and expects earnings to grow 43% this year and 22% next year.
News For CIEN From the Last 2 Days
There are no results for your query CIEN