Rosenblatt analyst Mike Genovese upgraded Ciena (CIEN) to Buy from Neutral with a price target of $175, up from $127.50 following the innovation day. The company has an opportunity to network multiple artificial intelligence data centers into clusters. Ciena has won one such deal with a hyperscaler thus far, an estimated $200M revenue opportunity, and is “just getting started,” the analyst tells investors in a research note. There is also a “call option” on Ciena’s move inside the Data Center and into components, adds Rosenblatt.
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