UPDATE: Stifel Nicolaus Raises PT on Ciena Following Management Meetings
June 14, 2013 at 10:27 AM EDT
In a report published Friday, Stifel Nicolaus analyst Sanjiv Wadhwani reiterated a Buy rating on Ciena (NASDAQ: CIEN ), and raised the price target from $22.00 to $24.00. In the report, Stifel Nicolaus noted, “We hosted Ciena CFO Jim Moylan and SVP Corporate Communications Tom Mock at investor meetings in Southern