Ciena’s Strong 2025 Outlook Wins Analyst Confidence: AI Bandwidth And Optical Market Expansion In Focus
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 EPS of $0.54, missing the consensus estimate of $0.66.
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BofA Securities: Last quarter, Liani downgraded its rating to Neutral, noting that long-term growth opportunities were overshadowed by risks related to high implied second-half growth and valuation considerations.
However, trends are turning out better than expected, with stabilizing demand at North American Service Providers (SPs) and Hyperscalers’ AI bandwidth needs driving accelerated order momentum.
The 3-year outlook seems brighter …
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