Northland Securities Initiates CIENA With Outperform

Analysts at Northland Securities initiated coverage on shares of CIENA (NASDAQ: CIEN) with a Outperform rating.

The target price for CIENA is set to $20.

CIENA shares have dropped 26.01% over the past 52 weeks, while the S&P 500 index has surged 13.74% in the same period.

CIENA's shares jumped 0.63% to $16 in pre-market trading.