Raymond James Raises Ciena (CIEN) Price Target to $250 After FY4Q Results

Ciena Corporation (NYSE:CIEN) is one of the Trending AI Stocks on Wall StreetOn December 11, Raymond James raised its price target on the stock to $250 from $120 while maintaining an “Outperform” rating. The rating affirmation follows Ciena’s fiscal fourth-quarter 2025 report.

The firm noted how CIEN raised its FY26 growth outlook to 21%-29%, up from its prior projection of 17% growth. The outlook beats concerns about a soft Q1 forecast due to Ciena’s broadening business, including expanded demand, stronger hyperscale sales, and new products.

Raymond James revealed that it had concerns regarding the company’s fiscal first-quarter 2026 forecast, which did not materialize.

Scaleacross, a new architecture enabling multiple AI training data centers to function as one unified system, is leading CIEN’s growth. With operators expanding training clusters across multiple data centers, the firm is optimistic that this year marks only the beginning.

Ciena Corporation (NYSE:CIEN) is a telecommunications hardware and software provider.

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Disclosure: None.