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Fly News Breaks for March 3, 2020
Mar 3, 2020 | 08:39 EDT
Rosenblatt analyst Ryan Koontz said he expects Ciena (CIEN) to report Q1 results and give Q2 guidance that is in-line with estimates or better when it reports on March 5 following recent checks that indicate the company has seen steady sales growth from U.S. tier 1 carriers. Koontz believes Verizon's (VZ) metro optical spending remains very strong, CenturyLink (CTL) continues to ramp procurement with Ciena and that the company secured a meaningful new contract win at Charter (CHTR) in late 2019, he tells investors. He keeps a Buy rating and $47 price target on Ciena shares.
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