Fly News Breaks for March 7, 2018
Mar 7, 2018 | 07:51 EDT
BMO Capital analyst Tim Long raised his price target on Ciena to $32, citing the company's Q1 earnings beat with rising sales and better control of expenses. Long contends that Ciena's portfolio diversification efforts are paying off amid increasing demand among web-scale customers while its service provider revenues also remain "healthy". The analyst keeps his Outperform rating on Ciena, further citing additional customer wins and market share gains.
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