Ciena rises after TD Cowen analysts initiate coverage with 'buy' rating

Ciena

12/03/2026 18:29

** Ciena's CIEN.N shares rise 1.1% to $343.88 after TD Cowen analysts initiated coverage on the networking company with a "buy" rating

** CIEN is on track for the fourth straight session of gains

** "We see Ciena as a key beneficiary of AI infrastructure demand and see its strong positioning in DCI as well complemented by its recent Nubis acquisition for intra-datacenter connectivity. Ciena is exposed to each scaling domain and is insulated from many of the concerns we have in each," said TD Cowen analyst Sean O'Loughlin in an investor note

** TD Cowen set PT for CIEN at $425

** 19 analysts cover CIEN, giving it an average rating of "buy" and median PT of $335, per LSEG data

** CIEN is up 46.9% YTD vs NASDAQ Composite Index's .IXIC 3.7% decrease

(Reporting by Chibuike Oguh in New York)

((Email: Chibuike.Oguh@thomsonreuters.com; Phone: +332-219-1834; Reuters Messaging: chibuike.oguh.thomsonreuters.com@reuters.net))