Information Provided By:
Fly News Breaks for March 3, 2016
Mar 3, 2016 | 14:43 EDT
Northland analyst Tim Savageaux attributes Ciena's (CIEN) mixed quarterly report and guidance to company-specific market share and execution issues, but also believes they are addressable. Savageaux noted that the company cited increased competitive activity from Alcatel-Lucent (ALU) prior to its merger with Nokia (NOK) as contributing to its issues in EMEA. The analyst lowered his price target on Ciena to $23 from $25, but called the sharp post-earnings selloff a buying opportunity in its shares as well as the broader optical networking infrastructure group. He maintains his Outperform rating on the stock, citing trough valuation and the fact that it is relatively early in the 100G optical cycle.
News For CIEN;ALU;NOK From the Last 2 Days
There are no results for your query CIEN;ALU;NOK
Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.