tiprankstipranks
Blurbs

Ciena (CIEN) Receives a Buy from Rosenblatt Securities

Rosenblatt Securities analyst Michael Genovese reiterated a Buy rating on Ciena (CIENResearch Report) today and set a price target of $70.00. The company’s shares closed last Thursday at $51.25, close to its 52-week low of $48.16.

According to TipRanks.com, Genovese is a 5-star analyst with an average return of 10.8% and a 55.9% success rate. Genovese covers the Technology sector, focusing on stocks such as NeoPhotonics, Infinera, and Adtran.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ciena with a $76.09 average price target, implying a 61.9% upside from current levels. In a report issued on May 31, Cowen & Co. also maintained a Buy rating on the stock with a $96.00 price target.

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

The company has a one-year high of $78.28 and a one-year low of $48.16. Currently, Ciena has an average volume of 1.49M.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Ciena Corp. engages in the provision of network and communication infrastructure. It operates through the following segments: Converged Packet Optical; Packet Networking; Optical Transport; and Software and Services. The Converged Packet Optical segment develops and sells optical processors, switching systems and operating system software. The Packet Networking segment includes service delivery switches, services aggregation switches, and ethernet packet configurations. The Optical Transport segment manufactures and trades optical transport systems, common photonic layer, data networking products, data center interconnection and virtual networks. The Software and Services segment provides wide area network controller, network functions virtualization platform, and software applications. The company was founded by Patrick H. Nettles in November 1992 and is headquartered in Hanover, MD.

Read More on CIEN:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More
Videos
---

Latest News Feed