FBR Capital Lifts PT on Ciena (CIEN) to $20 on Strong Q1
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Nomura Securities Boosts PT on CIENA (CIEN) on Solid Q1 Print
March 8, 2013 8:57 AM ESTNomura Securities raised its price target on Buy-rated CIENA (NASDAQ: CIEN) from $17.50 to $20 following "solid" Q1 results.
"After a few quarters in which gross margins disappointed, Ciena posted the second sequential jump in profitability to underline its future earnings power," analyst Stuart... More
Ciena Corp. (CIEN) Tops Q1 EPS by 25c; Guides Q2 Sales In-Line
March 7, 2013 7:01 AM EST(Updated - March 7, 2013 7:03 AM EST)
Ciena Corp. (NASDAQ: CIEN) reported Q1 EPS of $0.12, $0.25 better than the analyst estimate of ($0.13). Revenue for the quarter came in at $453.1 million versus the consensus estimate of $448.27 million.
"Our strong first quarter performance reflects... More
