Ciena (CIEN) Stock: $67 Price Target And Equal-Weight Rating

By Amit Chowdhry ● Apr 15, 2022
  • The shares of Ciena Corporation (NYSE: CIEN) have received a $67 price target from Morgan Stanley. These are the details.

The shares of Ciena Corporation (NYSE: CIEN) have received a $67 price target from Morgan Stanley. And Morgan Stanley analyst Meta Marshall is maintaining an “Equal-Weight” rating on the shares.

Marshall adjusted the rating while lowering the industry view on Telecom & Networking Equipment to “Cautious” from “In-Line.” Marshall still expects equipment and storage companies to sound good on the first quarter calendar earnings call given their backlog.

But now Marshall is starting to see signs of weakness accumulate, including a more cautious flash survey on hardware and reseller checks pointing to softer second-half pipelines.

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