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Ciena Corporation (CIEN) [hlAlert]

Rating:
Buy CIEN
up 76.19 %

Ciena Corporation (CIEN) rated Buy with price target $12 by Argus

Posted on: Thursday,  Nov 13, 2008  9:25 AM ET by Argus

Argus rated Buy Ciena Corporation (NYSE: CIEN) on 11/13/2008. Previously Argus rated Buy Ciena Corporation (NYSE: CIEN) on 09/05/2008., when
the stock price was $12.81. Since then, Ciena Corporation has gained 76.19% as of 12/11/2015's recent price of $22.57.
If you would have followed the previous Argus's recommendation on CIEN, you would have gained 76.19% of your investment in 2653 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.

Argus Research is an independent research firm, and our business is producing, distributing and marketing high-quality investment and economic research. Our recommendations - BUY, HOLD and SELL - reflect the judgment of an analyst about a company's prospects as an investment in terms of value, expected growth and risks. Argus Research does not bring companies public, advise companies on mergers and acquisitions, broker trades, make markets in stocks or manage money. Our independence allows us to make critical judgments about companies that we might not be so free to make were we competing for a firm's underwriting business. Because we're not a broker/dealer, we don't have "inventory" of a stock that we have to move with a tainted recommendation. We have developed a six-point system for analyzing the stocks in our Universe of Coverage. We believe that this system
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/13/2008 9:25 AM Buy
None
6.24 12.00
as of 12/24/2008
1 Week up  13.00 %
1 Month up  53.98 %
3 Months up  44.64 %
1 YTD up  67.31 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/5/2008 9:25 AM Buy
None
12.81 22.00

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