UPDATE: Jefferies Raises PT on CIENA Corporation Following 10-Q Filing

In a report published Friday, Jefferies analyst George C. Notter reiterated a Hold rating on CIENA Corporation (NASDAQ: CIEN ), and raised the price target from $20.00 to $22.00. In the report, Jefferies noted, “Ciena filed its 10-Q yesterday on an impressive fiscal Q3. However, we continue to remain concerned