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Ciena, CommScope top picks for 2017 at Wells Fargo

Jan. 03, 2017 7:42 AM ETCiena Corporation (CIEN) StockCIEN, COMMBy: Stephen Alpher, SA News Editor
  • Strength in the 100G metro and data center interconnect markets should allow Ciena (NASDAQ:CIEN) to top earnings estimate and push the stock towards the high end of Wells Fargo's $30-$32 price target range (vs. last price of $24.41).
  • U.S. wireless diversification and fiber initiatives along with the realization of BNS synergies should allow CommScope (NASDAQ:COMM) to beat expectations over the next few years.
  • Source: TheFly

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