B. Riley analyst Dave Kang lowered the firm’s price target on Ciena (CIEN) to $89 from $97 and keeps a Buy rating on the shares. Ciena reported “solid” Q1 results and fiscal 2025 outlook, with management expecting orders to be strong in FY25, as carrier spending has stabilized after a two-year underinvestment, the analyst tells investors in a research note. Considering the tariff uncertainty, the firm “applauds” management’s conservatism.
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Read More on CIEN:
- Ciena price target lowered to $90 from $95 at Needham
- Ciena price target lowered to $76 from $80 at Morgan Stanley
- Ciena’s Strong Q1 Performance and Growth Prospects Lead to Buy Rating Despite Market Caution
- Ciena price target raised to $100 from $97 at Barclays
- Ciena’s Growth Potential: Strong Market Positioning and Innovative Technology Drive Buy Rating
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