Barclays raised the firm’s price target on Ciena (CIEN) to $279 from $138 and keeps an Overweight rating on the shares. The company reported a “clean beat and raise” quarter with fiscal 2026 guidance materially lifted higher than estimates, the analyst tells investors in a research note.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CIEN:
- Ciena Corporation Reports Record-Breaking Earnings Call
- Ciena price target raised to $260 from $200 at BofA
- Ciena’s Strong Financial Performance and Strategic Positioning Drive Buy Rating
- Stifel boosts Ciena price target, notes multi-year AI-driven upside
- Ciena’s Strong Financial Performance and Growth Prospects Lead to Hold Rating Amid Valuation Concerns