CIENA (CIEN) PT Raised to $372 at Barclays
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Price: $398.92 +1.64%
Rating Summary:
26 Buy, 6 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
26 Buy, 6 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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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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