Ciena Corp(NYSE:CIEN) stock gave up its Thursday gains despite Wall Street analysts boosting their price forecasts on the stock.
It delivered a standout fourth-quarter result and issued upbeat guidance that points to accelerating growth in 2026.
Rosenblattanalyst Mike Genovese maintained Ciena with a Buy rating and raised the price forecast from $175 to $305.
Also Read: AI Demand Fuels Ciena Growth, CEO Sees Strong 2026 Momentum
Strong Q4 Performance And Expanding Backlog
Genovese said Ciena closed fiscal fourth-quarter 2025 with strong execution and momentum, beating expectations across revenue, margins, and earnings.
Fourth-quarter revenue rose 20% year-over-year and 11% sequentially to...