Should You Buy Ciena Ahead of Earnings? 3 Analysts Say Yes
Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...
In less than 24 hours, Ciena Corporation (NYSE: CIEN) will report its fiscal Q3 results. Wall Street can hardly wait to see them.
Curiously for a company whose news is not yet even out yet, three big Wall Street analysts have already jumped the gun and published positive notes on Ciena ahead of earnings. Tic-tac-toe, three in a row, Citigroup, UBS, and MKM Partners are all recommending that investors buy Ciena stock before earnings. Here's why.
Source: Fool.com
Ciena Corp. Stock
€43.95
-0.160%
We see a rather positive sentiment for Ciena Corp. with 17 Buy predictions and 1 Sell predictions.
As a result the target price of 55 € shows a positive potential of 25.14% compared to the current price of 43.95 € for Ciena Corp..
