Jefferies analyst George Notter maintains $Ciena (CIEN.US)$ with a buy rating, and adjusts the target price from $65 to $80.
According to TipRanks data, the analyst has a success rate of 65.9% and a total average return of 11.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Ciena (CIEN.US)$'s main analysts recently are as follows:
Ciena's recent AI/data center webcast highlighted the positive aspects of the bullish perspective, specifically the role of AI in expediting data growth and the integration of coherent technology within data centers. The company is perceived to have significant growth prospects, especially in intra and around data center operations, which could surpass expectations if data growth rates reach or exceed 25%-30%.
Following a webcast that highlighted Ciena's growing prospects and strategic plans for expansion in AI/data center markets, a discussion session yielded further insights. It is perceived that Ciena stands to benefit from the revival of telecom service provider markets and is also seen as a long-term beneficiary of the growth in DCI/internal data center interconnects.
The firm suggests that Ciena's prospects with artificial intelligence are considered to be more of a long-term potential rather than an immediate growth driver. The recent surge in optimism is believed to be already reflected in current projections, and the firm prefers to look for a more favorable risk/reward scenario before proceeding with the shares.
Note:
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