NYSE:CIEN - New York Stock Exchange, Inc. - US1717793095 - Common Stock - Currency: USD
Viavi Solutions stock had its Relative Strength (RS) Rating upgraded to 93 Tuesday, up from 78 a day earlier.
The brokerage noted that Ciena will see a limited impact on its fundamentals in the near-to-medium term, thanks to “continued strong” spending in the cloud and telecom sectors.
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In their latest note, BofA analysts underscored their bullish thesis on the Arista Networks stock by highlighting that the company could be a significant beneficiary from the surge in demand for networking infrastructure fueled by generative AI.
Ciena stock jumped after issuing strong revenue growth guidance through 2027. Find out how AI and network upgrades are driving the momentum.
Here’s what could be next for the AI network provider.
Ciena Corp (NYSE:CIEN) stock surged after BofA Securities upgraded it from Neutral to Buy and raised its price target from $70 to $95. Needham analyst Ryan Koontz maintained Ciena with a Buy and raised the price target from $80 to $95. Additionally, Northland Capital Markets, and Stifel raised their respective price targets on the stock. On Thursday, Ciena reported a fiscal fourth-quarter 2024 revenue decline of 0.5% to $1.12 billion, beating the analyst estimate of $1.10 billion. The adjusted E
The Nasdaq held at highs, but the broader market struggled as yields jumped.
The optical networking expert didn't hit fourth-quarter results out of the ballpark, but it did set up ambitious goals for the years ahead.