Ciena price target raised to $100 from $85 at Northland

Northland raised the firm’s price target on Ciena (CIEN) to $100 from $85 and keeps an Outperform rating on the shares. Ciena last week noted a material increase in business activity since earnings just a few weeks ago, and described Cloud demand as “through the roof,” the analyst tells investors in a research note. Ciena noted supply constraints limiting its ability to respond to the significant uptick in near term demand, pushing demand strength into FY26 for the group of June fiscalyear-ended suppliers and also putting upward pressure on Ciena’s fiscal 2026 growth outlook, the firm says.