BofA Lifts PT on Ciena (CIEN) to $200, Cites Strong Momentum in Networking, Cybersecurity

Group 1 - Ciena Corporation is identified as a strong investment opportunity for the next decade, with a recent price target increase from BofA to $200 from $155, maintaining a Buy rating [1] - The networking and cybersecurity sectors are experiencing strong momentum and healthy fundamentals, driven by increasing enterprise security budgets and ongoing technological advancements [1] - BNP Paribas Exane also upgraded Ciena to Outperform from Neutral, raising its price target to $185 from $120, highlighting the company's favorable position to benefit from rising investments in data centers [2] Group 2 - Ciena provides hardware, software, and services for network operators across various regions, including the Americas, Europe, the Middle East, Africa, Asia Pacific, Japan, and India [2] - The company's recent multiple expansion is seen as justified, with expectations of further earnings upside due to increasing exposure to data centers [2]