William L. Moore
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BMO Capital Raises Ciena Target Price To $27, Maintains At Outperform

BMO Capital Markets updated its analysis on Ciena Corporation , raising its price target to $27 and maintaining its Outperform rating. Ciena is a global supplier of telecommunications networking equipment.

BMO cited its positive Q3 results as a catalyst for future growth, especially as the company continues to diversify globally. Q3 revenues came in line, but "margins and EPS was better much than expected," said BMO.

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