Ciena Reaches Analyst Target Price
August 31, 2018 at 09:29 AM EDT
In recent trading, shares of Ciena Corp (CIEN) have crossed above the average analyst 12-month target price of $30.06, changing hands for $30.71/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..