BMO Capital Believes Ciena Corp (CIEN) Won’t Stop Here


BMO Capital analyst Tim Long reiterated a Buy rating on Ciena Corp (CIEN) today. The company’s shares opened today at $34.91, close to its 52-week high of $36.55.

According to TipRanks.com, Long is a 5-star analyst with an average return of 18.2% and a 63.2% success rate. Long covers the Consumer Goods sector, focusing on stocks such as Comtech Telecommunications, Hewlett Packard Enterprise, and Motorola Solutions.

Ciena Corp has an analyst consensus of Moderate Buy, with a price target consensus of $34.67.

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The company has a one-year high of $36.55 and a one-year low of $20.71. Currently, Ciena Corp has an average volume of 2.97M.

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Ciena Corp. engages in the provision of network and communication infrastructure. It operates through the following segments: Converged Packet Optical; Packet Networking; Optical Transport; and Software and Services. The Converged Packet Optical segment develops and sells optical processors, switching systems, and operating system software.

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