Ciena pullback a buying opportunity, says William Blair William Blair recommends buying shares of Ciena on weakness following yesterday's Q1 results. The firm says the company's investor day in April is the next catalyst and shares are attractively valued at current levels. It reiterates an Outperform rating on Ciena.
News For CIEN From The Last 14 Days
Check below for free stories on CIEN the last two weeks.
Ciena recent pullback leads to better set-up for shares, says UBS UBS believes the recent pullback in Ciena has led to a better set-up for the shares as expectations have been reduced. The firm sees limited downside risk, although some caution is warranted given concerns over softer Tier-1 capital expenditures. UBS keeps its Buy rating and $27 price target on Ciena.
Ciena September volatility elevated into Q3 and guidance Ciena September call option implied volatility is at 50, October is at 42, January is at 39; compared to its 26-week average of 43 according to Track Data, suggesting large near term price movement into its release of Q3 results on September 4.