Ciena stock falls as fourth-quarter results fall short of expectations
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CIENA (CIEN) PT Raised to $84 at JPMorgan
December 16, 2024 4:04 AM ESTJPMorgan analyst Samik Chatterjee raised the price target on CIENA (NYSE: CIEN) to $84.00 (from $65.00) while maintaining a Neutral rating.
The analyst comments "Strong pace of investments from Cloud customers, and from Telecom and MOFN looking to leverage the opportunity around investments in interconnects, along with increasing revenue contribution from adjacent market opportunities the company has been investing towards including pluggables and routing is leading the company to issue a medium-term guide which implies a sustainably higher growth rate of 8%-11% relative to the 6%-8% growth rate it has evidenced in the past.... More
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
