From Financial Modeling Prep: 2024-12-18 09:16:00

Jefferies analysts reiterated a Buy rating on Ciena (NYSE:CIEN) with a $105 price target, citing the company as a top investment idea for 2025. They highlighted Ciena’s potential to benefit from long-term structural trends and the impact of AI on network traffic.

Analysts believe the market is underestimating the growth in AI-driven network traffic, providing a significant opportunity for Ciena. As a leader in optical networking, the company is well-positioned to capitalize on this trend and emerge as a key player in the industry.

Ciena is expected to see improvements as excess inventory issues with Tier 1 customers are resolved, unlocking new growth opportunities. With a forward price-to-earnings multiple of 20x, the company offers investors an attractive entry point to benefit from the AI-driven growth cycle and its strong position in optical networking.



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