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Ciena price target raised to $138 from $102 at Barclays

Barclays analyst Tim Long raised the firm’s price target on Ciena (CIEN) to $138 from $102 and keeps an Overweight rating on the shares. The company upped its implied fiscal 2025 guidance and initiated a fiscal 2026 outlook materially higher than estimates after a “strong beat and raise” quarter, the analyst tells investors in a research note.

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