Ciena price target raised to $65 from $55 at Citi Citi analyst Jim Suva raised the firm's price target on Ciena to $65 from $55 and keeps a Buy rating on the shares. Investors will be impressed that Ciena beat sales by 15% and guided 9% higher, Suva tells investors in a research note. The analyst sees more upside ahead, saying Ciena's backlog likely grows again next quarter and "there are no signs of share loss."
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.