Ciena beats estimates on strong AI-driven demand, shares rise
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CIENA (CIEN) PT Lowered to $520 at Needham, 'We would be buyers on weakness'
September 3, 2026 3:04 PM EDTNeedham analyst Ryan Koontz lowered the price target on CIENA (NYSE: CIEN) to $520.00 (from $600.00) while maintaining a Buy rating.
The analyst comments "CIEN reported strong F3Q26 results, beating consensus rev/NG EPS by +2%/+$0.38 and raised F4Q guidance by 3%/~$0.23. Like... More
