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Analysts Offer Insights on Technology Companies: Ciena (CIEN) and Harmonic (HLIT)

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Ciena (CIENResearch Report) and Harmonic (HLITResearch Report) with bullish sentiments.

Ciena (CIEN)

In a report released today, Catharine Trebnick from Colliers Securities reiterated a Buy rating on Ciena, with a price target of $80.00. The company’s shares closed last Friday at $58.22.

According to TipRanks.com, Trebnick is a 1-star analyst with an average return of -1.3% and a 46.7% success rate. Trebnick covers the Technology sector, focusing on stocks such as Tufin Software Technologies, Ping Identity Holding, and Palo Alto Networks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ciena with a $80.00 average price target, which is a 37.6% upside from current levels. In a report issued on March 31, Rosenblatt Securities also maintained a Buy rating on the stock with a $80.00 price target.

See today’s best-performing stocks on TipRanks >>

Harmonic (HLIT)

Colliers Securities analyst Steve Frankel reiterated a Buy rating on Harmonic today and set a price target of $15.00. The company’s shares closed last Friday at $8.55.

According to TipRanks.com, Frankel is a 1-star analyst with an average return of -2.9% and a 40.2% success rate. Frankel covers the Technology sector, focusing on stocks such as E2open Parent Holdings, Dolby Laboratories, and Avid Technology.

Currently, the analyst consensus on Harmonic is a Strong Buy with an average price target of $13.00.

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