Rosenblatt analyst Mike Genovese raised the firm’s price target on Ciena (CIEN) to $100 from $78 and keeps a Neutral rating on the shares ahead of the fiscal Q3 report on September 4. The firm expects Ciena to slightly exceed the consensus revenue estimate with gross and operating margins at least in line. While the company’s data center interconnect demand “looks great,” its margins “are just okay” and expectations are high, the analyst tells investors in a research note.
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