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CIEN Upgraded, Initiated

By Market News Video Staff, Monday, November 22, 2:46 PM ET

A couple of analysts made calls on Ciena (NASDAQ:CIEN) today.

Barclays (NYSE:BCS) upgraded the stock from equal weight to overweight, and hiked its price target from $16 to $18 per share. Barclays cited strong fundamentals in optical equipment in its upgrade.

Morgan Stanley (NYSE:MS) initiated coverage on the stock with an equal weight rating, saying the core transport market remains soft.

Ciena shares are trading up 4.4% Monday.

Ciena is 1.82% of the iShares S&P North American Technology-Multimedia Networking Index Fund (AMEX:IGN). Top holdings in the fund include Juniper Networks (NYSE:JNPR), at 10.42% of the fund, Qualcomm (QCOM) and Motorola (MOT), 8.87% of the portfolio.

Find the right mix of model portfolios today at PortfolioChannel.com


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This Article's Word Cloud:   AMEX   American   Barclays   CIEN   Ciena   Fund   JNPR   Juniper   Monday   Morgan   NASDAQ   NYSE   Networks   QCOM   Qualcomm   Technology   analysts   calls   cited   core   couple   equal   equipment   from   fund   fundamentals   hiked   holdings   iShares   initiated   made   market   optical   overweight   price   rating   remains   saying   shares   soft   stock   strong   target   today   trading   transport   upgrade   upgraded   weight   with
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