Benzinga Bulls and Bears: Palo Alto, Ciena, Lululemon
Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories.
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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.
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B. Riley Securities Maintains Neutral on Ciena, Lowers Price Target to $347
B. Riley Securities analyst Dave Kang maintains Ciena (NYSE:CIEN) with a Neutral and lowers the price target from $413 to $347.
Read original at benzingaJP Morgan Maintains Overweight on Ciena, Lowers Price Target to $605
Read original at benzinga