Ciena price target raised to $140 from $105 at JPMorgan

JPMorgan raised the firm’s price target on Ciena (CIEN) to $140 from $105 and keeps an Overweight rating on the shares post the fiscal Q3 report. The company offered visibility into fiscal 2026 earlier than typical, guiding to “another robust year” of 17% growth, the analyst tells investors in a research note. The firm says Ciena’s orders exceeded revenue estimates materially for the fifth quarter in a row, while its backlog provides visibility into growth well into the back half of 2026.