UBS Boosts Ciena (CIEN) Price Target After Blowout Earnings

The company’s Q4 gross came successful astatine $1.35 billion, with net per stock astatine $0.91. This show outperformed thoroughfare expectations of $1.29 cardinal successful gross and $0.77 per share. The company’s wide income accrued by astir 20%, owing to a important 50% year-over-year spike successful webscale customers, who marque up 42% of full sales.

Ciena’s maturation strategy is bolstered by an estimated $5 cardinal successful backlog astatine the extremity of the year, which follows $7.8 cardinal successful orders passim fiscal 2025. Although the institution did not contented a three-year gross forecast, UBS expects Ciena Corporation (NYSE:CIEN) could execute double-digit gross increases successful fiscal years 2027 and 2028 connected relationship of important AI infrastructure request from hyperscalers.

Ciena Corporation (NYSE:CIEN) provides networking hardware, software, and services to operators worldwide. Its operations see optical transport and IP routing, web management, multi-domain orchestration, analytics, and consulting. The company’s caller operations person been bolstered by AI-focused networking solutions and information halfway expansion.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.