Ciena, CIEN (click to receive technical analysis and alerts), a remarkable performer in 2011, has dropped signficantly over the last 2 days as it moved forward revenue from Q2 into Q1, thus lowering Q2 estimates. What do analysts do?
Please take a look:
- Barclays Capital analysts raised their price target on shares of Ciena Corp. from $28.00 to $33.00. They now have an “overweight” rating on the stock.
- UBS AG analysts cut their EPS estimates on shares of Ciena Corp.. They now have a “sell” rating and a $20.00 price target on the stock.
- JPMorgan Chase & Co. analysts upgraded shares of Ciena Corp. from an “underweight” rating to a “neutral” rating. They now have a $26.00 price target on the stock.