UBS Boosts Ciena (CIEN) Price Target After Blowout Earnings

Ciena Corporation (NYSE:CIEN) ranks among the best AI stocks to buy according to analysts. On December 12, UBS boosted Ciena Corporation (NYSE:CIEN)’s price target to 230from230 from 120 while keeping a Neutral rating on the company’s shares. The hike followed Ciena’s fiscal fourth-quarter results, which UBS reported were “sharply above” its forecasts but in line with broader investor projections. The company’s Q4 revenue came in at 1.35billion,withearningspershareat1.35 billion, with earnings per share at 0.91. This performance outperforme ...