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Stock impact report

BofA Raises Ciena (CIEN) Price Target to $155, Reaffirms Buy [Yahoo! Finance]

Ciena Corporation (CIEN) 
Last ciena corporation earnings: 3/5 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
analyst Tal Liani raised his price target on Ciena Corp. (NYSE:CIEN) to $155 from $135 while maintaining a Buy rating. His reason for raising the price target was based on accelerating cloud momentum and strong secular demand for optical equipment. BofA Raises Ciena (CIEN) Price Target to $155, Reaffirms Buy Photo by Jakub Zerdzicki on Unsplash The call comes ahead of Ciena's upcoming Investor Innovation Day on September 25, where management is expected to outline its long-term strategy. Liani had already boosted his target earlier this month, from $95 to $135 on September 5, after Ciena delivered Q3 results that exceeded Street expectations. Management guided for an impressive 17% annual growth rate through FY2025 and FY2026, driven by heightened activity from hyperscalers and stabilizing demand from service providers. With Oracle's strong results reinforcing broader cloud investment trends, the analyst believes Ciena is well-positioned for sustained growth over the next se Show less Read more
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