Ciena Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Group 1 - Ciena Corporation is set to release its third-quarter earnings results on September 4, with analysts expecting earnings of 53 cents per share, an increase from 35 cents per share in the same period last year [1] - The anticipated quarterly revenue for Ciena is $1.17 billion, compared to $942.31 million a year earlier [1] - Marc Graff has been appointed as the Senior Vice President and Chief Financial Officer of Ciena as of June 18 [1] Group 2 - Ciena shares increased by 1.3%, closing at $94.82 on Wednesday [2] - Analysts have provided various ratings and price targets for Ciena, with Stifel maintaining a Buy rating and raising the price target from $90 to $100 [7] - Rosenblatt maintained a Neutral rating and increased the price target from $78 to $100, while JP Morgan raised its Overweight rating price target from $83 to $105 [7] - Morgan Stanley downgraded the stock from Equal-Weight to Underweight, reducing the price target from $73 to $70 [7] - Wolfe Research initiated coverage with an Outperform rating [7]