CIENA (CIEN) PT Raised to $372 at Barclays
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Price: $620.37 -1.06%
Rating Summary:
25 Buy, 7 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 20 | New: 25
Rating Summary:
25 Buy, 7 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 20 | New: 25
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Barclays analyst Tim Long raised the price target on CIENA (NYSE: CIEN) to $372.00 (from $279.00) while maintaining a Overweight rating.
The analyst comments "Clean beat and raise in Q, with FY26 guidance moving higher. Order growth ~141% in the Q and backlog up ~$2Bn Q/Q (with expectation for backlog to increase through the year). GM outperformed in the Q with 1H/2H GMs guided to be even (we expect 2H upside). Flat opex expectations for FY26 maintained."
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