Ciena Reports Fiscal Fourth Quarter 2024 Financial Results
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CIENA (CIEN) PT Raised to $91 at Raymond James
December 12, 2024 3:56 PM ESTRaymond James analyst Simon Leopold raised the price target on CIENA (NYSE: CIEN) to $91.00 (from $60.00) while maintaining a Outperform rating.
The analyst comments "We maintain our Outperform rating following Cienas F4Q24 (Oct.) report. Ciena exceeded quarterly sales expectations, but the outlook was the... More
B.Riley Reiterates Buy Rating on CIENA (CIEN)
December 12, 2024 10:08 AM ESTB.Riley analyst Dave King reiterated a Buy rating and $68.00 price target on CIENA (NYSE: CIEN)
The analyst comments "The inventory correction cycle in the NA telecom market is over while the cloud segment remains strong. On Thursday (12/12), BMO, Ciena (CIEN Buy, $68 PT) reported F4Q revenue/EPS of $1,124M/$0.54, compared with consensus estimates of $1,103M/$0.65. The EPS miss was due to an excess... More
