J.P. Morgan downgrades Ciena to 'neutral'

Ciena

07/10/2024 11:23

** J.P.Morgan cuts Ciena  CIEN.N  to "neutral" from
"overweight"
    ** Says muted telco spending to hurt the networking gear
maker's revenue
    ** Avg rating of brokerages is the equivalent of "buy" -
LSEG data
    ** As of last close, stock up 48% YTD

 (Reporting by Prakhar Srivastava in Bengaluru)
 ((Prakhar.srivastava2@thomsonreuters.com))