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Analysts Offer Insights on Technology Companies: Ciena (CIEN) and The Arena Group (AREN)

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

Ciena (CIEN)

Raymond James analyst Simon Leopold maintained a Buy rating on Ciena today and set a price target of $75.00. The company’s shares closed last Monday at $58.76.

According to TipRanks.com, Leopold is a 5-star analyst with an average return of 10.7% and a 61.8% success rate. Leopold covers the Technology sector, focusing on stocks such as Dell Technologies, Juniper Networks, and Cambium Networks.

Currently, the analyst consensus on Ciena is a Strong Buy with an average price target of $81.86, representing a 27.0% upside. In a report released yesterday, Needham also maintained a Buy rating on the stock with a $88.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

The Arena Group (AREN)

The Arena Group received a Buy rating and a $15.00 price target from B.Riley Financial analyst Daniel Day today. The company’s shares closed last Monday at $8.36.

According to TipRanks.com, Day is ranked #3392 out of 7777 analysts.

The Arena Group has an analyst consensus of Moderate Buy, with a price target consensus of $15.00.

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