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Stock Market & Financial Investment News

News Breaks
January 17, 2013
09:48 EDTCIENCiena moves above its 10-day moving average, levels to watch
The shares were last up over 3.4% after Comcast (CMCSA) upgraded to Ciena's (CIEN) next-generation 100G coherent optical technology. At the current price of $15.77, next resistance is at $16, a prior pivot high, and then at $16.51. Support is at the 10-day moving average, last at $15.29.
News For CIEN From The Last 14 Days
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May 27, 2015
11:46 EDTCIENRaymond James doubts Ericsson will buy Juniper or Ciena
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May 26, 2015
07:34 EDTCIENCiena price target raised to $28 from $21 at RBC Capital
RBC Capital increased its revenue estimates for Ciena above consensus, as the firm expects the company to benefit from strong optical growth ,share gains, and TAM expansion. The firm thinks the stock's multiple may rise, while the shares could reach $40 if the company exercises "better margin discipline." However, RBC keeps a Sector Perform rating on the shares.

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