Northland analyst Tim Savageaux raised the firm’s price target on Ciena (CIEN) to $130 from $100 and keeps an Outperform rating on the shares following a better than expected fiscal Q3 report and “significant increase” in FY26 growth guidance to 17%. As part of its Q3 reporting, the company noted the strongest order quarter in company history and backlog visibility extending well into FY26, the analyst noted.
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