Stifel Reiterates Buy Rating on CIENA (CIEN)

CIENA (CIEN) PT Raised to $60 at Morgan Stanley

Morgan Stanley analyst Meta Marshall raised the price target on CIENA (NYSE: CIEN) to $60.00 (from $55.00) while maintaining a Overweight rating.

The analyst comments "FQ3 upside driven by cloud demand, with book to bill >1. Expect telco to remain gradual into FY25, the reason we slow revenue build across year, and expect international to lag North America. Confidence in continued robust cloud, WaveLogic 6 ramp and... More

CIENA (CIEN) PT Raised to $60 at Raymond James

Raymond James analyst Simon Leopold raised the price target on CIENA (NYSE: CIEN) to $60.00 (from $54.00) while maintaining a Outperform rating.... More

CIENA (CIEN) PT Raised to $67 at Barclays, 'Webscale Continues to Be Source of Strength'

Barclays analyst Tim Long raised the price target on CIENA (NYSE: CIEN) to $67.00 (from $55.00) while maintaining a Overweight rating.

The analyst comments "CIEN reported FQ3 results above our estimates with webscale strength continuing to drive the beat. Management highlighted that although direct webscale was only ~27% of total revenue, there is anywhere between 10-15% of... More

Ciena (CIEN) Tops Q3 EPS by 9c

Ciena (NYSE: CIEN) reported Q3 EPS of $0.35, $0.09 better than the analyst estimate of $0.26. Revenue for the quarter came in at $942.3 million versus the consensus estimate of $927.46 million.

For earnings history and earnings-related data on Ciena (CIEN) click here.

Ciena (CIEN) CFO James E. Moylan to Retire in August 2025

Ciena® Corporation (NYSE:... More

CIENA (CIEN) PT Raised to $65 at JPMorgan

JPMorgan analyst Samik Chatterjee raised the price target on CIENA (NYSE: CIEN) to $65.00 (from $60.00) while maintaining a Overweight rating.

The analyst comments "Ciena shares have responded positively to the indications of better end-market fundamentals in the recent month, which includes further raises in expectations from the Cloud capex investment cycle, as well as bottoming of the Telco investment cycle. In peer company reports, recent positive reports from Lumentum and Juniper have highlighted improvement in end-market demand from Cloud and Telecom verticals following inventory... More

CIENA (CIEN) PT Raised to $68 at Stifel

Stifel analyst Ruben Roy raised the price target on CIENA (NYSE: CIEN) to $68.00 (from $62.00) while maintaining a Buy rating.

The analyst comments "We expect July revenues in-line to slightly above consensus estimates, primarily considering low telecom SP demand recovery expectations and... More