tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Ciena price target lowered to $89 from $97 at B. Riley

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.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1