Added to YB: 2026-09-21
Pitch date: 2026-09-17
CIEN [bullish]
Ciena Corporation
-1.99%
current return
Author Info
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Company Info
Ciena Corporation, a network technology company, provides hardware, software, and services for various network operators in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and India.
Market Cap
$49.5B
Pitch Price
$355.87
Price Target
650.00 (+86%)
Dividend
N/A
EV/EBITDA
47.87
P/E
77.94
EV/Sales
8.29
Sector
Communications Equipment
Category
growth
$CIEN Just Got A Lot More Interesting
CIEN: Ciena’s FY2029 ambitions materially strengthen the earnings case: management targets roughly 30% compound annual revenue growth from FY2026 through FY2029, reaching about $14B of revenue with 32–35% adjusted operating margins. An updated FY2028 estimate of $16.70 adjusted EPS supports a $500 12-month target at 30× earnings. Management expects at least $10B in backlog by FY2026 year-end and says it has secured supply for at least 30% FY2027 growth, but orders still must convert into shipments; 25× earnings implies roughly $418.
Read full article (2 min)