Needham Boosts Ciena (CIEN) Price Target to $240 Ahead of Earnings

The terms people standing comes up of fiscal fourth-quarter net study connected December 11 earlier markets open. Rising hyperscale AI superior expenditure and affirmative momentum successful the telecommunications manufacture has led to beardown request for some Cloud and Telecom sectors for Ciena.

“Ahead of CIEN’s F4Q earnings, our manufacture checks bespeak broad, beardown request successful some Cloud and Telco, driven by rising hyperscale AI capex and affirmative momentum successful Telco. As the manufacture person successful some plugs and enactment systems, we stay affirmative connected CIEN heading into F26 and expect upside to 4Q results and F26 guidance.” -Analysts led by Ryan Koontz.

Analyst sees humble upside versus statement estimates and accrued beats moving done fiscal 2026. This is supported by the company’s awesome backlog and continued web concern trends. Overall, the steadfast is optimistic connected Ciena’s quality to prolong its beardown competitory presumption and planetary marketplace share.

Ciena Corporation (NYSE:CIEN) is simply a telecommunications hardware and bundle provider.

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Disclosure: None.