Needham Reiterates Buy on Ciena, Maintains $600 Price Target
Needham analyst Ryan Koontz reiterates Ciena (NYSE:CIEN) with a Buy and maintains $600 price target.
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Why Is Ciena Stock Surging on Wednesday?
Ciena Corporation (NYSE: CIEN) stock is surging on Wednesday as fiber optic connectivity companies move higher following strong Q4 earnings from Lumentum Holdings Inc. (NASDAQ: LITE).
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Ciena CEO Sells 2,952 Shares for $1.3 Million
Ciena CEO Gary B. Smith sold 2,952 shares worth approximately $1.3 million on August 17, 2026, under a pre-established Rule 10b5-1 trading plan adopted in October 2025. The sale represents only 1% of his total holdings, with the CEO retaining 246,030 shares valued at $109.5 million. The transaction is characterized as routine and non-concerning for investors, occurring after the stock gained 390% over the past 12 months amid strong company performance with 30% revenue growth and 61% expected earnings growth.
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Read original at benzingaNorthland Capital Markets Upgrades Ciena to Outperform, Raises Price Target to $500
Northland Capital Markets analyst Tim Savageaux upgrades Ciena (NYSE:CIEN) from Market Perform to Outperform and raises the price target from $450 to $500.
Read original at benzingaLumentum Shares Rise Over 4% After Key Trading Signal
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Read original at benzinga