Ciena Fish Jumps As Jefferies Angler ‘Takes The Bait’

By | December 21, 2015

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Depressed Ciena (CIEN) stock rose Monday after getting an upgrade to buy. Jefferies analyst George Notter upgraded Ciena stock from hold, also raising the price target to 25, saying in a research note that “a confluence of negatives can flip next year” for a fiber-optics equipment maker that “continues to execute very well.” Ciena stock was up 2%, above 20, in midday trading in the stock market today. Ciena stock had been consolidating since July Scalper1 News

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