On CNBC's “Halftime Report Final Trades,” Jim Lebenthal, partner at Cerity Partners, said Cisco Systems Inc (NASDAQ:CSCO) continues to outperform.
Supporting his view, Truist Securities analyst Matthew Niknam, on March 31, initiated coverage on Cisco with a Buy rating and announced a price target of $94.
Malcolm Ethridge, managing partner at Capital Area Planning Group, named Digital Realty Trust Inc (NYSE:DLR) as his final trade.
On the earnings front, Digital Realty announced it will release first-quarter financial results after the closing bell on Thursday, April 23.
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Joshua Brown, co-founder and CEO of Ritholtz Wealth Management, picked Ciena Corporation (NYSE:CIEN), which hit an all-time high on Thursday.
Lending support to his choice, Stifel analyst Ruben Roy, on March 23, maintained a Buy rating on Ciena and raised the price target from $320 to $430.
Price Action:
- Cisco shares gained 2% to close at $79.02 on Thursday.
- Digital Realty Trust shares rose 0.7% to settle at $181.69 during the session.
- Ciena shares jumped 7.8% to settle at $447.76 on Thursday.
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