Ciena (CIEN) Tops Q3 EPS by 9c
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Stifel Reiterates Buy Rating on CIENA (CIEN)
September 4, 2024 4:45 PM EDTStifel analyst Ruben Roy reiterated a Buy rating and $68.00 price target on CIENA (NYSE: CIEN).
The analyst comments "CIEN reported F3Q results ahead of expectations on continued CSP momentum, coupled with improving spending dynamics at North American telco SPs, offset by continued... More
CIENA (CIEN) PT Raised to $60 at Morgan Stanley
September 4, 2024 1:20 PM EDTMorgan 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 $67 at Barclays, 'Webscale Continues to Be Source of Strength'
September 4, 2024 1:15 PM EDTBarclays 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
