Ciena (CIEN) June 45 straddle priced into quarter results
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BofA Securities Reiterates Buy Rating on CIENA (CIEN)
June 7, 2024 4:54 AM EDTBofA Securities analyst Tal Liani reiterated a Buy rating and $59.00 price target on CIENA (NYSE: CIEN)
The analyst comments "Revenue of $910.8mn was higher than Streets expectations of $894.9mn, yet still reflecting a 19.6% decline YoY, mostly on lower service provider revenues. EPS was strong,... More
Stifel Reiterates Buy Rating on CIENA (CIEN)
June 6, 2024 2:57 PM EDTStifel analyst Ruben Roy reiterated a Buy rating and $62.00 price target on CIENA (NYSE: CIEN).
The analyst comments "CIEN reported F2Q results ahead of expectations but provided a F3Q outlook below consensus estimates as inventory digestion at large telecom SPs continues.... More
Evercore ISI Reiterates Outperform Rating on CIENA (CIEN)
June 6, 2024 10:51 AM EDTEvercore ISI analyst Amit Daryanani reiterated an Outperform rating and $60.00 price target on CIENA (NYSE: CIEN).
The analyst comments "CIEN reported April-qtr results with rev/EPS of $911M/0.27 vs. street at $896M/0.15 Overall sales were down ~20% y/y driven by declines in telco (-25%), cable (-29%) and webscale (-9%) verticals. Though worth noting CIEN is seeing initial signs of demand stability with telco... More
