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Ciena Corporation (CIEN) [hlAlert]

down 10.03 %

Ciena Corporation (CIEN) downgraded to Underweight with price target $11 by Barclays

Posted on: Friday,  Dec 14, 2012  12:25 PM ET by Barclays

Barclays rated Underweight Ciena Corporation (NYSE: CIEN) on 12/14/2012. Previously Barclays rated Overweight Ciena Corporation (NYSE: CIEN) on 08/17/2012., when
the stock price was $17.63. Since then, Ciena Corporation has lost 10.04% as of 12/14/2012's recent price of $15.86.
If you would have followed the previous Barclays's recommendation on CIEN, you would have lost 10.03% of your investment in 119 days.

Ciena Corporation is the network specialist, focused on expanding the possibilities for its customers' networks while reducing their cost of ownership. The Company's systems, software and services target and cure specific network pain points so that telcos, cable operators, governments and enterprises can best exploit the new applications that are driving their businesses forward.

Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/14/2012 12:25 PM Sell
15.86 11.00
as of 12/31/2012
1 Week down  -0.06 %
1 Month up  7.58 %
3 Months up  17.70 %
1 YTD down  -9.03 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/17/2012 1:25 PM Buy
17.63 20.00

(*) Stock Price at the time of the recommendation.
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