By: Benzinga
March 19, 2013 at 13:03 PM EDT
UPDATE: Jefferies Raises PT to $19.50 on CIENA Corporation on 10-Q Takeaways
Jefferies maintained CIENA Corporation (NASDAQ: CIEN ) with a Hold rating and raised the price target from $14.50 to $16.50. Jefferies analyst George C. Notter commented, "We remain concerned about longer term profitability and declining legacy products. At the same time, we still believe the business may get an intermediate-term
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