Ciena’s 2029 Outlook Draws Positive Analyst Reactions
Ciena 2029 Outlook targets 30% revenue CAGR, higher margins and stronger cash flow as Wall Street updates price targets.
Stocks · News reference
Here’s How Much You Would Have Made Owning Ciena Stock In The Last 15 Years
Ciena (NYSE:CIEN) has outperformed the market over the past 15 years by 10.87% on an annualized basis producing an average annual return of 23.91%. Currently, Ciena has a market capitalization of $48.17 billion. Buying
Reference Details
Connected Markets
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
- Source
- benzinga
- Observed
- Checked
- Cadence
- Captured once, then retained as an archive reference
- Status
- fresh
Keep reading
Related Headlines
Corning Rides on Expanding Partner Base: Will it Boost Prospects?
Corning Incorporated has significantly expanded its AI infrastructure business through multibillion-dollar agreements with Meta, Amazon, NVIDIA, and Verizon. The company will increase U.S. optical-connectivity capacity tenfold and expand fiber production by over 50% to support AI data center expansion. However, growth remains dependent on the pace of AI infrastructure investment and customer deployment timing.
Ciena shares are trading higher after Morgan Stanley raised its price target on the stock from $425 to $450.
Salesforce To Rally Around 20%? Here Are 10 Top Analyst Forecasts For Thursday
Wall Street analysts made mixed price-target changes for LYFT, AMRX, JBHT, CRM, APPF, FLNC and CRWD.