B. Riley Securities Maintains Buy on Ciena, Lowers Price Target to $66
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B. Riley Securities analyst Dave Kang maintains Ciena (NYSE:CIEN) with a Buy and lowers the price target from $68 to $66.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/28/2024 | $63.00 | Overweight → Equal-Weight | Morgan Stanley |
| 10/15/2024 | $65.00 | Outperform → In-line | Evercore ISI |
| 10/9/2024 | $59.00 → $67.00 | Outperform → Neutral | Exane BNP Paribas |
| 10/7/2024 | $65.00 | Overweight → Neutral | JP Morgan |
| 9/23/2024 | $44.00 → $68.00 | Sell → Buy | Citigroup |
| 9/5/2024 | Buy → Neutral | BofA Securities | |
| 6/12/2024 | $53.00 → $55.00 | Equal-Weight → Overweight | Morgan Stanley |
| 6/6/2024 | $59.00 → $54.00 | Strong Buy → Outperform | Raymond James |
Kirkland, Washington, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Ziply® Fiber today announced that its "Northern Link Route" – a 400 Gig, low-latency, high-capacity long-haul transport route connecting Hillsboro, Portland, Seattle, Spokane, Missoula, Billings, Minneapolis, Chicago and dozens of other major cities in between – is ready for service along the western half of the route, with full service to and from Chicago launching by the end of the year. The route, which Ziply Fiber expects will offer the lowest latency of any West-East connection from the Pacific Northwest to the Midwest, will enable commercial customers to access high-capacity 400 Gig wavelength, 100 Gig wavelength, 10 and 100 Gig
Advanced network enhancements powered by Ciena's WaveLogic 6 coherent optical technology benefits carriers, enterprises and hyperscalers with reliable, high-speed connections between data centers NEW YORK, Oct. 21, 2024 /PRNewswire/ -- Boldyn Networks (Boldyn), one of the world's largest shared network infrastructure providers, today announced the deployment of scalable wavelength service up to 1.6Tb/s per channel across its fiber network in New York and New Jersey. Boldyn is one of the first in the world to implement WaveLogic 6 technology from Ciena (NYSE:CIEN), significantly enhancing network capacity and efficiency to meet the growing demands of carriers, enterprises and hyperscalers see
Blue Planet Cloud Native Platform optimizes and automates operational processes On Net Fibra Colombia (ON NET FIBRA) is leveraging software from Blue Planet, a division of Ciena (NYSE:CIEN), to support its transition to a cloud-native Operations Support System (OSS) and automate the delivery of services to its customers. Through the deployment of inventory, orchestration, and assurance applications built on the Blue Planet Cloud Native Platform, ON NET FIBRA is enabling its customers to significantly improve the digital connectivity experiences they offer. "Blue Planet is transforming our network with advanced, cloud-native service automation, helping it to adapt and handle the changing d
SC 13G/A - CIENA CORP (0000936395) (Subject)
SC 13G/A - CIENA CORP (0000936395) (Subject)
SC 13G/A - CIENA CORP (0000936395) (Subject)
Ciena® Corporation (NYSE:CIEN) expects to announce its fiscal third quarter financial results on Wednesday, September 4, 2024 before the open of the financial markets. The press release will be available on Ciena's website at www.ciena.com. In conjunction with the announcement, Ciena will post an additional set of supporting materials to the Quarterly Results page of the Investor Relations section of its website. Ciena's management will then host a live audio web broadcast beginning at 8:30 a.m. Eastern accessible via www.ciena.com. Rebroadcast Information For those listeners unable to participate in the live web broadcast, an archived version of the conference call will be available
Ciena® Corporation (NYSE:CIEN) expects to announce its fiscal second quarter financial results on Thursday, June 6, 2024 before the open of the financial markets. The press release will be available on Ciena's website at www.ciena.com. In conjunction with the announcement, Ciena will post an additional set of supporting materials to the Quarterly Results page of the Investor Relations section of its website. Ciena's management will then host a live audio web broadcast beginning at 8:30 a.m. Eastern accessible via www.ciena.com. Rebroadcast Information For those listeners unable to participate in the live web broadcast, an archived version of the conference call will be available short
Ciena® Corporation (NYSE:CIEN) expects to announce its fiscal first quarter financial results on Thursday, March 7, 2024 before the open of the financial markets. The press release will be available on Ciena's website at www.ciena.com. In conjunction with the announcement, Ciena will post an additional set of supporting materials to the Quarterly Results page of the Investor Relations section of its website. Ciena's management will then host a live audio web broadcast beginning at 8:30 a.m. Eastern accessible via www.ciena.com. Rebroadcast Information For those listeners unable to participate in the live web broadcast, an archived version of the conference call will be available short
Ciena® Corporation (NYSE:CIEN), a networking systems, services, and software company, today announced the promotion of Dino DiPerna and Brodie Gage to its Executive Leadership Team, reporting to President and CEO Gary Smith. The leadership appointments are designed to support Ciena's continued growth through market leadership in optical technologies, increasing opportunities in IP/Optical convergence, and addressable market expansion in next-generation metro and edge applications. DiPerna becomes Ciena's Senior Vice President of Global Research & Development (R&D). In this role, he will direct the development of the company's portfolio of Converged Packet Optical, Network Control and Plan
Ciena (NYSE:CIEN) today announced that Mary G. Puma has been appointed to its Board of Directors, effective immediately. Ms. Puma previously served as President and Chief Executive Officer of Axcelis Technologies, Inc., a publicly held company engaged in the supply of capital equipment for the semiconductor chip manufacturing industry, from January 2002 to May 2023. Prior to becoming CEO of Axcelis, she served as its President and Chief Operating Officer from July 2000. In 1998, she became General Manager and Vice President of the company's predecessor, the Implant Systems Division of Eaton Corporation. Prior to joining Eaton in 1996, Ms. Puma spent 15 years in various marketing and gener
Promotes Sheela Kosaraju to Senior Vice President and General Counsel Ciena® Corporation (NYSE:CIEN), a networking systems, services and software company, today announced the appointment of David M. Rothenstein as senior vice president, chief strategy officer and corporate secretary. Rothenstein has served as Ciena's senior vice president, general counsel and corporate secretary since November 2008, and as acting chief strategy officer since March 2022. He will continue to report to President and CEO Gary Smith. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230124005396/en/David Rothenstein, Senior Vice President and Chief Str
4 - CIENA CORP (0000936395) (Issuer)
4 - CIENA CORP (0000936395) (Issuer)
4 - CIENA CORP (0000936395) (Issuer)
The Biden administration’s escalating restrictions on China’s access to high-end semiconductors and technology, along with the potential for higher tariffs under future administrations, have stirred significant concern among investors. However, amid the broad headwinds facing many companies, JPMorgan analyst Samik Chatterjee has identified a select group of tech stocks that could stand to benefit from these geopolitical tensions. 1. Flex Ltd (NASDAQ:FLEX) Flex is strategically positioned to benefit from the changing geopolitical landscape, Chatterjee notes. With heightened restrictions on China, Flex’s extensive manufacturing capabilities outside China become increasingly valuab
New network based on Ciena WaveLogic 5 technology enables TDC NET to bring new services to market in a sustainable and secure way
Morgan Stanley analyst Meta Marshall upgraded Ciena Corp (NYSE:CIEN) from Equal-Weight to Overweight and raised the price target from $53 to $55. In CIEN’s fiscal second-quarter print, Marshall was slightly more cautious given the challenging fiscal 2024 setup, where he saw a risk to Street estimates that implied a hockey-stick inflection in the year’s second half. However, post-cut to full-year estimates, Marshall noted that the fiscal 2024 model is de-risked at this point, and he re-rated to reflect upside potential in fiscal 2025 as inventory levels normalize. Cloud demand outperforms on the back of share gains / WaveLogic 6 ramp. Marshall expected service provider recovery to
Morgan Stanley downgraded Ciena from Overweight to Equal-Weight and set a new price target of $63.00
Evercore ISI downgraded Ciena from Outperform to In-line and set a new price target of $65.00
Exane BNP Paribas downgraded Ciena from Outperform to Neutral and set a new price target of $67.00 from $59.00 previously
8-K - CIENA CORP (0000936395) (Filer)
10-Q - CIENA CORP (0000936395) (Filer)
8-K - CIENA CORP (0000936395) (Filer)