Ciena Fell 40%—Now One Analyst Sees 50% Upside

1 source ·1 article ·Sep 23, 13:30 UTC Ciena

Evercore ISI upgraded Ciena to Outperform with a $550 target, citing its role in AI data connectivity. The stock has rebounded 17% after strong revenue growth and a backlog nearing $10 billion.

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MarketBeat ·Sep 23, 13:30 UTC

Ciena Fell 40%—Now One Analyst Sees 50% Upside

Evercore ISI upgraded Ciena to Outperform with a $550 target, citing its role in AI data connectivity. The stock has rebounded 17% after strong revenue growth and a backlog nearing $10 billion.

Ciena Fell 40%—Now One Analyst Sees 50% Upside

Ciena Fell 40%—Now One Analyst Sees 50% Upside →

Ciena Fell 40%—Now One Analyst Sees 50% Upside