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Technology Stocks : Ciena (CIEN)

CIEN 239.00

-1.1%

Dec 29 4:00 PM EST

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To: Ibexx who wrote (11676)	11/27/2001 12:07:45 PM
From: Ibexx	Read Replies (1) of 12623

Tuesday November 27, 12:00 pm Eastern Time RESEARCH ALERT-CSFB starts Ciena with ``buy'' rating NEW YORK, Nov 27 (Reuters) - Credit Suisse First Boston said on Tuesday it initiated coverage of Ciena Corp. (NasdaqNM:CIEN - news) with a ``buy'' rating, citing the optical networking company's strong portfolio, product development acumen, management expertise and long-term prospects. Analyst James Parmelee wrote in a research note that Ciena, though not immune to the downturn, is seeing a much less severe effect on its financials and outlook than its peers are. Parmelee set a 12- to 18-month price target of $27 (too low --ibexx) on the shares, which closed on Monday at $20.19. The stock's 52-week range is $9.20 to $121.38. Ibexx

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