Ciena downgraded by Morgan Stanley due to lack of near-term margin upside

4 hours ago 1
Fiber Optics Cable

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Ciena (NYSE:CIEN) was downgraded to Underweight from Equal-weight by Morgan Stanley due to lower gross margins, which are expected to weigh down earnings per share for the near term.

"Revenue estimates for FY26 are currently 5% higher than they were in March

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