Ciena Posts Blowout Q3, So Why Are These Analysts Slashing Price Targets?
Ciena shares rise after a strong Q3 beat. Analysts keep Buy ratings but cut targets. Analysts cite $8.5B backlog and $10B yearend outlook.
Ciena did really well this quarter and beat what people expected, which is great news. But some analysts are being extra careful and lowering their price guesses—probably because they want to make sure the company can actually deliver on all those big orders it has waiting.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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