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Ciena (CIEN +1.7%) catches a bid following positive commentary in the wake of its recent...

Ciena (CIEN +1.7%) catches a bid following positive commentary in the wake of its recent investor day. Nomura (Buy) expects Ciena's strong revenue growth and relatively fixed operating expenses to drive margin expansion, while Needham (Buy) notes Ciena remains confident about its outlook in spite of macro concerns due to the strong uptake for its 100G optical transmission gear.
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