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Ciena price target raised to $100 from $70 at Morgan Stanley

Morgan Stanley analyst Meta Marshall raised the firm’s price target on Ciena (CIEN) to $100 from $70 and keeps an Underweight rating on the shares. Fiscal Q3 results and FY26 guidance were better than expected from a top-line perspective, notes the analyst, who also notes that the company is seeing margin follow-through as they take some actions on cost efficiency. However, the valuation “remains stretched,” the analyst argues.

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