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
Ciena shares are trading higher after Morgan Stanley raised its price target on the stock from $425 to $450.
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.
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.