In a report released today, Ryan Koontz from Needham reiterated a Buy rating on Ciena, with a price target of $240.00.
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Ryan Koontz has given his Buy rating due to a combination of factors including strong demand in both the Cloud and Telco sectors, which are being driven by increased hyperscale AI capital expenditures and positive trends in telecommunications. Ciena’s leadership position in both plug and line systems further supports this optimistic outlook.
Additionally, Koontz anticipates that Ciena will exceed expectations in its upcoming fourth-quarter results and fiscal year 2026 guidance, despite the typical flat-to-down seasonality of the first quarter. The company’s substantial backlog and ongoing network investments provide a solid foundation for continued performance strength. As a result, Koontz has raised the price target to $240, reflecting increased confidence in sustained Cloud spending and Ciena’s competitive edge.
In another report released on November 25, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $218.00 price target.