Ciena Order Pipeline Grows on Strong AI Demand -- Market Talk

Dow Jones

Dec 14, 2024

1110 ET - Ciena's future looks bright, despite missing fourth-quarter earnings expectations, says BofA, who upgrades its rating from neutral to buy. The move reverses BofA's downgrade from September. Ciena plans to grow revenue between 8% and 11% over the next three years, as demand for cloud and AI is strong, and orders are improving. The cloud provider is anticipating growth from its managed optical fiber network sector, which makes up about 5% of revenue right now. BofA expects Ciena's growth will become apparent in the later half of 2025, since first-quarter projections are fairly low compared to the year-long trajectory. BofA raises its price objective to $95 from $70. Shares rise 7.2% to $90.65, extending Thursday's 15% rally and have now doubled so far this year. (katherine.hamilton@wsj.com)

(END) Dow Jones Newswires

December 13, 2024 11:10 ET (16:10 GMT)

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The move reverses BofA's downgrade from September. Ciena plans to grow revenue between 8% and 11% over the next three years, as demand for cloud and AI is strong, and orders are improving. The cloud provider is anticipating growth from its managed optical fiber network sector, which makes up about 5% of revenue right now. BofA expects Ciena's growth will become apparent in the later half of 2025, since first-quarter projections are fairly low compared to the year-long trajectory. BofA raises its price objective to $95 from $70. Shares rise 7.2% to $90.65, extending Thursday's 15% rally and have now doubled so far this year. 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The move reverses BofA's downgrade from September. Ciena plans to grow revenue between 8% and 11% over the next three years, as demand for cloud and AI is strong, and orders are improving. The cloud provider is anticipating growth from its managed optical fiber network sector, which makes up about 5% of revenue right now. BofA expects Ciena's growth will become apparent in the later half of 2025, since first-quarter projections are fairly low compared to the year-long trajectory. BofA raises its price objective to $95 from $70. Shares rise 7.2% to $90.65, extending Thursday's 15% rally and have now doubled so far this year. (katherine.hamilton@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 13, 2024 11:10 ET (16:10 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0154245756.USD","symbol_name":"BNP PARIBAS US MID CAP \"C\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2491372947","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2491372947","pubTimestamp":1734106200,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1110 ET - Ciena's future looks bright, despite missing fourth-quarter earnings expectations, says BofA, who upgrades its rating from neutral to buy. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0154245756.USD":"BNP PARIBAS US MID CAP \"C\" (USD) ACC","CIEN":"Ciena科技","LU0823421416.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) INC","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H","BK4020":"通信设备","LU0154245673.USD":"BNP PARIBAS US MID CAP \"C\" (USD) INC","LU0823421333.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) ACC","BK4515":"5G概念"},"translate_title":"Ciena订单管道因强劲的人工智能需求而增长——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CIEN":1},"content_text":"1110 ET - Ciena's future looks bright, despite missing fourth-quarter earnings expectations, says BofA, who upgrades its rating from neutral to buy. The move reverses BofA's downgrade from September. Ciena plans to grow revenue between 8% and 11% over the next three years, as demand for cloud and AI is strong, and orders are improving. The cloud provider is anticipating growth from its managed optical fiber network sector, which makes up about 5% of revenue right now. BofA expects Ciena's growth will become apparent in the later half of 2025, since first-quarter projections are fairly low compared to the year-long trajectory. BofA raises its price objective to $95 from $70. Shares rise 7.2% to $90.65, extending Thursday's 15% rally and have now doubled so far this year. (katherine.hamilton@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 13, 2024 11:10 ET (16:10 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}