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Analysts’ Opinions Are Mixed on These Technology Stocks: Ciena (CIEN), Verint Systems (VRNT) and Samsara (IOT)

Analysts have been eager to weigh in on the Technology sector with new ratings on Ciena (CIENResearch Report), Verint Systems (VRNTResearch Report) and Samsara (IOTResearch Report).

Ciena (CIEN)

In a report released yesterday, Amit Daryanani from Evercore ISI maintained a Buy rating on Ciena, with a price target of $60.00. The company’s shares closed last Thursday at $42.04.

According to TipRanks.com, Daryanani is a 3-star analyst with an average return of 1.4% and a 38.4% success rate. Daryanani covers the Technology sector, focusing on stocks such as International Business Machines, Hewlett Packard Enterprise, and Resideo Technologies.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ciena with a $69.67 average price target, implying a 61.4% upside from current levels. In a report issued on June 3, B.Riley Financial also upgraded the stock to Buy with a $67.00 price target.

See the top stocks recommended by analysts >>

Verint Systems (VRNT)

Evercore ISI analyst Peter Levine maintained a Buy rating on Verint Systems yesterday and set a price target of $65.00. The company’s shares closed last Thursday at $40.30.

According to TipRanks.com, Levine is a 1-star analyst with an average return of -7.6% and a 28.2% success rate. Levine covers the Technology sector, focusing on stocks such as Zoom Video Communications, Bill.com Holdings, and Coupa Software.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Verint Systems with a $63.80 average price target, which is a 53.5% upside from current levels. In a report issued on June 7, RBC Capital also maintained a Buy rating on the stock with a $61.00 price target.

Samsara (IOT)

Evercore ISI analyst Kirk Materne maintained a Hold rating on Samsara yesterday and set a price target of $15.00. The company’s shares closed last Thursday at $9.99, close to its 52-week low of $8.72.

According to TipRanks.com, Materne is a 4-star analyst with an average return of 5.5% and a 54.5% success rate. Materne covers the Technology sector, focusing on stocks such as CCC Intelligent Solutions Holdings, Qualtrics International, and Tyler Technologies.

Currently, the analyst consensus on Samsara is a Strong Buy with an average price target of $19.29.

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