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Stifel Nicolaus announced Ciena Corporation (NYSE:CIEN), boosting its stock price target to $28.00 today

In a report released on Monday May 22, 2017 Stifel Nicolaus bumped up the target of Ciena Corporation (NYSE:CIEN) from $24.00 to $28.00 indicating a potential upside of 0.22%.

On 04/28/2017, BMO Capital Markets released a statement on Ciena Corporation (NYSE:CIEN) upped the target price from $0.00 to $30.00 that suggested an upside of 0.31%.

Having a price of $22.95, Ciena Corporation (NYSE:CIEN) traded -1.41% lower on the day. With the last close down -11.82% from the two hundred day average, compared with the S&P 500 Index which has increased 0.01% over the same period. Ciena Corporation has recorded a 50-day average of $21.83 and a two hundred day average of $23.73. Volume of trade was up over the average, with 4,860,859 shares of CIEN changing hands over the typical 3,262,370

Performance Chart

Ciena Corporation (NYSE:CIEN)

With a total market value of $0, Ciena Corporation has price-earnings ratio of 22.90 with a one year low of $18.94 and a one year high of $27.98 .

A total of 17 analysts have released a research note on Ciena Corporation. Six analysts rating the company a strong buy, twelve analysts rating the company a buy, two analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $24.44.

More About Ciena Corporation (NYSE:CIEN)

Ciena Corporation is a network strategy and technology company, which provides solutions that enable a range of network operators to adopt communication architectures and deliver an array of services, relied upon by enterprise and consumer end users. It provides equipment, software and services that support the transport, switching, aggregation, service delivery and management of voice, video and data traffic on communications networks. It segments include Networking Platforms; Software and Software-Related Services, and Global Services. The Networking Platforms segment consists of Converged Packet Optical, Packet Networking and Optical Transport product portfolios. The software business is engaged in the development and licensing of element and network management software and software-related services that support its hardware offerings. It offers a suite of consulting and support services that help its customers to design, optimize, deploy and maintain their communications networks.

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