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Argus Upgrades Ciena (CIEN) Amid AI Networking Surge, Record $5B Backlog
Yahoo Finance· 2026-01-09 11:31
Ciena Corporation (NYSE:CIEN) is one of the hot tech stocks to invest in. On December 12, Argus raised the firm’s price target on Ciena to $280 from $135 and maintained a Buy rating on the shares. Ciena is experiencing a surge in orders and expanding into new markets and customer bases as its AI networking opportunities rapidly grow following strong Q4 results. Although heavy investments in these initiatives are currently impacting margins, the firm anticipates that increasing volumes will offset this pres ...