Ciena Soars But Stock Drops | Durham News

Ciena just smashed revenue and earnings records, boosting its full-year forecast to $6.42 billion — yet its stock plunged. Why? Wall Street saw the bump as barely enough, with Q4 margins expected to dip, and rivals cutting targets too. But Citigroup sees it as a buying opportunity, pegging a $65 price target and maintaining a buy rating, betting on Ciena’s leadership in AI-driven optical gear and a $10 billion backlog. The key hinges on supply chain relief, sustained client spending, and margin stability — risks include over-reliance on big customers and high valuation, but for long-term believers in AI infrastructure, this could be a powerful play. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/bcb960c4dc77e3a1