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Fly News Breaks for September 6, 2019
CIEN
Sep 6, 2019 | 04:59 EDT
Ciena continues to execute well after reporting "impressive" July quarter results, beating consensus estimates across the board, Piper Jaffray analyst Troy Jensen tells investors in a research note. North America continues to drive the upside, and the company is also continuing its momentum in 400G, says the analyst. However, Jensen remains cautious on the shares, noting the competitive environment around 600G offerings and tough year-over-year comps in 2020. The analyst raised his price target to $46 from $45 but keeps a Neutral rating on Ciena.
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