Ciena Posts Solid Q1 Beat, Raise; Guidance Could Be Missed Depending On 'Outcome Of Proposed Tariffs'

Ciena Corp CIEN shares were climbing Wednesday after the company announced upbeat fiscal first-quarter results.The company reported its results amid an exciting earnings season. Here are some key analyst takeaways.Needham On CienaAnalyst Ryan Koontz maintained a Buy rating while reducing the price target from $95 to$90.Ciena's quarterly revenues grew 3% year-on-year to $1,072 million, beating consensus of$1,052 million, Koontz said in a note. Non-GAAP earnings of 64 cents per share were well above expecta ...