In a report released today, Ryan Koontz from Rosenblatt Securities maintained a Hold rating on Ciena Corp (NYSE: CIEN). The company’s shares opened today at $26.24.
Currently, the analyst consensus on Ciena Corp is a Strong Buy with an average price target of $31.05.
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Ciena Corp’s market cap is currently $3.87B and has a P/E ratio of 5.96. The company has a Price to Book ratio of 2.22.
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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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