Overview
- 24/7 Wall St set a $521.10 price target for Ciena and issued a Buy call with 90% confidence.
- Ciena’s March 5 fiscal Q1 report showed revenue of $1.43 billion, up 33.09% year over year, and EPS of $1.35 that topped estimates.
- The new call leans on rising AI infrastructure needs, with direct cloud provider revenue up 76% and reaching 42% of total sales in Q1.
- Ciena guided full‑year revenue to $5.90 billion to $6.30 billion, which implies 28% growth at the midpoint.
- Stifel raised its target to $430 on March 23 and kept a Buy rating after OFC 2026 meetings, highlighting higher‑capacity optics, AI‑driven network management, and data‑center interconnect solutions.