Ciena’s Strong Financial Performance and Strategic Positioning Drive Buy Rating
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Needham analyst Ryan Koontz reiterated a Buy rating on Ciena, setting a price target of $280 due to strong financial performance and strategic positioning. Ciena's impressive Q4 results and guidance exceed market predictions, driven by cloud-driven revenue and AI infrastructure advancements. Raymond James also maintained a Buy rating with a $250 target. Koontz's focus includes stocks like Applied Optoelectronics and Extreme Networks, with an average return of 14.4%.
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