BofA analyst Tal Liani raised the firm’s price target on Ciena (CIEN) to $260 from $200 and keeps a Buy rating on the shares as cloud deployments “continue to drive even better guidance.” Ciena’s guidance for annual revenue growth increased from 8% year-over-year to 17% and now 24% for 2026 over the last few quarters, notes the analyst, who believes near term visibility is “solid” and expects the cycle to sustain better growth trends.
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