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Ciena Shares Up Despite Mixed Take From Jefferies

Stock quotes in this article: CIEN , NT  

NEW YORK (AP) — Shares of Ciena Corp. jumped Tuesday after a Jefferies & Co. analyst raised the company's price target, anticipating strong second-quarter results.

Jefferies analyst George Notter kept his "Hold" rating on the stock, however.

He told clients in a note, "We expect the organization will report solid — if not stronger-than-expected — April quarter results, although we suspect the stock already reflects it." ...

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