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Analysts Offer Insights on Technology Companies: Ciena (CIEN) and KVH Industries (KVHI)

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

Ciena (CIEN)

In a report released today, Catharine Trebnick from Colliers Securities maintained a Buy rating on Ciena, with a price target of $80.00. The company’s shares closed last Monday at $60.13.

According to TipRanks.com, Trebnick is a 1-star analyst with an average return of -3.3% and a 42.3% 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 $82.21 average price target, implying a 27.5% upside from current levels. In a report issued on March 4, Evercore ISI also reiterated a Buy rating on the stock with a $80.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

KVH Industries (KVHI)

In a report released today, Ryan Koontz from Needham reiterated a Buy rating on KVH Industries, with a price target of $14.00. The company’s shares closed last Monday at $9.21, close to its 52-week low of $8.17.

According to TipRanks.com, Koontz is a 4-star analyst with an average return of 6.5% and a 46.6% success rate. Koontz covers the Technology sector, focusing on stocks such as Zoom Video Communications, Otonomo Technologies, and RingCentral.

Currently, the analyst consensus on KVH Industries is a Moderate Buy with an average price target of $14.00.

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