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0.00016460905349791 -0.000987654320987692 -0.00205761316872428 -0.00681028806584361 -0.00191358024691359 0.00658436213991767 -0.000534979423868294 0.00279835390946505
Stock impact report

UBS Boosts Ciena (CIEN) Price Target After Blowout Earnings [Yahoo! Finance]

Ciena Corporation (CIEN) 
Last ciena corporation earnings: 3/5 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
price target to $230 from $120 while keeping a Neutral rating on the company's shares. The hike followed Ciena's fiscal fourth-quarter results, which UBS reported were “sharply above” its forecasts but in line with broader investor projections. The company's Q4 revenue came in at $1.35 billion, with earnings per share at $0.91. This performance outperformed street expectations of $1.29 billion in revenue and $0.77 per share. The company's overall sales increased by around 20%, owing to a significant 50% year-over-year spike in webscale customers, who make up 42% of total sales. Ciena's growth strategy is bolstered by an estimated $5 billion in backlog at the end of the year, which follows $7.8 billion in orders throughout fiscal 2025. Although the company did not issue a three-year revenue forecast, UBS expects Ciena Corporation (NYSE:CIEN) could achieve double-digit revenue increases in fiscal years 2027 and 2028 on account of significant AI infrastructure demand from hyperscaler Show less Read more
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