Ciena Corporation (NYSE: CIEN) is considered one of the best AI stocks to buy, with UBS raising its price target to $230 from $120 after strong Q4 results. Revenue was $1.35 billion, with EPS at $0.91, beating street expectations. Sales increased 20%, led by a 50% rise in webscale customers.

Ciena has a backlog of $5 billion and $7.8 billion in orders for fiscal 2025. UBS predicts double-digit revenue growth in fiscal 2027 and 2028 due to AI infrastructure demand from hyperscalers. The company offers networking solutions, optical transport, IP routing, and AI-focused services to operators globally.

While CIEN shows investment potential, UBS suggests other AI stocks may offer better returns with lower risk. For those seeking undervalued AI stocks benefiting from tariffs and onshoring trends, explore the best short-term AI stock. This article was originally published by Insider Monkey.

Read more at Yahoo Finance: UBS Boosts Ciena (CIEN) Price Target After Blowout Earnings