Core Viewpoint - Ciena Corporation (NYSE:CIEN) is gaining attention as a trending AI stock, with Raymond James raising its price target significantly from $120 to $250 while maintaining an "Outperform" rating following the company's fiscal fourth-quarter 2025 report [1] Group 1: Financial Outlook - Ciena has raised its fiscal year 2026 growth outlook to 21%-29%, an increase from the previous projection of 17% growth, which alleviates concerns regarding a soft first-quarter forecast [2] - The company's growth is attributed to expanded demand, stronger hyperscale sales, and the introduction of new products [2] Group 2: Business Developments - Ciena's new architecture, Scaleacross, is enabling multiple AI training data centers to operate as a unified system, which is a key driver of the company's growth [3] - The expansion of training clusters across multiple data centers is expected to mark the beginning of significant growth for Ciena [3]

Ciena Corporation (NYSE:CIEN) is one of the Hot AI Stocks on Wall Street’s Radar. On December 8, Needham raised its price target on the stock to $240.00 from $130.00 while maintaining a “Buy” rating. The price target rating comes ahead of fiscal fourth-quarter earnings report on December 11 before markets open. Rising hyperscale AI capital expenditure and positive momentum in the telecommunications industry has led to strong demand for both Cloud and Telecom sectors for Ciena. “Ahead of CIEN’s F4Q earnin ...