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UBS starts Buy coverage on Ciena

Jan. 13, 2017 10:50 AM ETCiena Corporation (CIEN) StockCIENBy: Eric McCaffrey, SA News Editor
  • Analyst Tejas Venkatesh cites macro tailwinds, structural alterations within optical market, improved execution, revenue diversification and margins, rate of free cash flow generation (best in company history while public) and 100G metro product cycle among catalysts.
  • Ciena (NASDAQ:CIEN) target $29 (current price $24.61, +2.03%).

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