Professional
Added to YB: 2025-01-30
Pitch date: 2025-01-28
CIEN [bullish]
Ciena Corporation
+167.09%
current return
Author Info
No bio for this author
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
$31.3B
Pitch Price
$80.94
Price Target
88.00 (-60%)
Dividend
N/A
EV/EBITDA
77.65
P/E
226.47
EV/Sales
6.93
Sector
Communications Equipment
Category
growth
JPMorgan Upgrades Ciena (CIEN) to Overweight, Raises PT to $88
CIEN (u/g to overweight): JPMorgan upgrades to Overweight, PT $88. Limited impact from AI model efficiency concerns. Strong cloud capex, telecom recovery, MOFN investments support growth. Trading at 19x CY26 EPS, attractive vs. 8-11% FY25/26 growth. Telecom recovery, datacenter investments key drivers.
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