As previously reported, BofA upgraded Ciena (CIEN) to Buy from Neutral with a price target of $95, up from $70, citing improving North American service provider demand and accelerated cloud and AI momentum. The three-year outlook “seems brighter than we anticipated,” the analyst tells investors.
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>>
Read More on CIEN: