Evercore upgrades Ciena to Outperform, lifts PT to $550
Evercore ISI raised its Ciena (CIEN) rating to ‘Outperform’ from ‘In Line’ and increased its price target to $550 from $375, implying 58% upside from the current level.
Ciena Corp. (CIEN) drew attention Monday morning after Evercore ISI raised the stock to ‘Outperform’ from ‘In Line’ and increased its price target to $550 from $375, implying 58% upside from the current level. The firm said connectivity both within and between data centers is becoming an “increasingly…”