Ciena price target raised to $74 from $71 at Barclays

Barclays analyst Tim Long raised the firm’s price target on Ciena to $74 from $71 and keeps an Overweight rating on the shares. The company released fiscal Q1 results that were materially above Street estimates, as demand across end markets remains strong, the analyst tells investors in a research note. The firm sees more beats ahead for Ciena.

Published first on TheFly

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