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 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 0.91. This performance outperforme ...