Barclays analyst Tim Long raised the firm’s price target on Ciena (CIEN) to $100 from $97 and keeps an Overweight rating on the shares. The company lifted its fiscal 2025 sales guidance towards the high end of the previously issued 8%-11% growth range, the analyst tells investors in a research note. The firm says cloud is driving the upside.
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Read More on CIEN:
- Ciena’s Growth Potential: Strong Market Positioning and Innovative Technology Drive Buy Rating
- Ciena Corporation Reports Strong Q1 2025 Results
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- Ciena says aware of potential for disruption amid tariffs
- Ciena sees Q2 revenue $1.05B-$1.13B, consensus $1.07B
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