Oppenheimer upgrades Ciena to strong buy from outperform

Shares of network equipment company Ciena surged more than 7% in after-hours trading following a pair of upgrades from analysts at Oppenheimer and Raymond James.

28/03/2023, 2:43PM

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    Ciena Springs on Upgrade

    Ciena Corporation (NYSE:CIEN) gained ground first thing Tuesday following an upgrade to strong buy from outperform by Oppenheimer, which cited Ciena’s entry in the edge router market as a catalyst. As well, Raymond James upgraded the network equipment ...