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chmcnfunds

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chmcnfunds

Re: None

Wednesday, 05/15/2013 11:47:17 AM

Wednesday, May 15, 2013 11:47:17 AM

Post# of 166
Evercore launches coverage on Ciena (CIEN +2.1%) with an Overweight and $20 PT, giving a lift to...

Wednesday, May 15, 11:32 AM ET

Evercore launches coverage on Ciena (CIEN +2.1%) with an Overweight and $20 PT, giving a lift to the telecom equipment maker. The move comes a day after Ciena announced new Ethernet modules for its 6500 Packet-Optical Platform, which combines Ethernet and optical networking capabilities in the same box. The upgrade adds support for Ciena's SAOS operating system, long a staple of Ciena's Ethernet-only gear. Integrated Ethernet/optical products made up 53% of Ciena's FQ1 revenue.

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