CIENA Corporation (NASDAQ: CIEN) is trading up this morning on an analyst call. Auriga gave it a Buy rating with an $18 target. The firm has said that the transformational acquisition of Nortel’s metro-ethernet operations is off to a good start. Shares closed at $12.24 Friday, and shares are up at $12.68 on 25,250 per-market shares at 8:59 AM EST. The 52-week range is $4.98 to $16.64 and average volume is over 7.1 million shares.
JON C. OGG
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