CIEN
Ciena
October 6, 2026 · intraday
- Rarity
- 1.35
- Peak move
- +14.23%
- Float cap
- $54.1B
Ciena sells optical networking equipment, including coherent optical transport systems, routing and switching platforms, data-center interconnect gear and pluggable transceivers, plus the Blue Planet and Navigator network automation software. Its customers are telecommunications service providers, cloud and content providers, cable operators, and enterprise, government and research networks. It is headquartered in Hanover, Maryland.
Where do you see this going?
no votes yetVoting closed at 4:00 PM ET.
What we found
11 events · 0 from SEC or newswire · 0 timed with the movepeer_disclosureMarvell Technology at its analyst day projected the interconnect market growing to about $65 billion at a 60-70% CAGR through 2030 and storage switching to about $85 billion at a 40% CAGR, above Ciena's ~30% growth framework.
notable_investor_commentJim Cramer highlighted Ciena during his Lightning Round program, saying he thinks Ciena is very good and he likes optical, which Evercore ISI called an incremental visibility and sentiment tailwind.
analyst_ratingBank of America raised its price target on Ciena to $660 from $550 while maintaining a Buy rating, citing rapid AI infrastructure expansion driving demand for high-speed optical networking gear.
investor_dayAt Ciena's Investor Forum on September 16, 2026, the company set fiscal 2029 targets of about $14 billion in revenue, adjusted gross margin near 50%, adjusted operating margin of 32-35% and free cash flow margin around 20%.
insider_saleCiena officer Marc Graff filed a Form 144 notice of proposed sale of 97 common shares worth about $34,126, with an approximate sale date of 10/01/2026.
analyst_ratingBernstein initiated coverage of Ciena at Outperform with a $440 price target, calling optical and networking suppliers structural winners in AI infrastructure with demand exceeding supply.
major_contractThe Africa Coast to Europe submarine cable consortium selected Ciena to upgrade a roughly 17,000-km route across 18 landing stations linking Western Europe, West Africa and South Africa, using Ciena's 6500 platform with WaveLogic 6 Extreme to deliver more than 30 Tb/s.
guidance_changeCiena raised fiscal 2026 revenue guidance to $6.42 billion plus or minus $50 million, set fiscal Q4 revenue at $1.75 billion plus or minus $50 million, and gave an early fiscal 2027 view of at least 30% growth to $8.3-$8.4 billion.
analyst_ratingEvercore ISI analyst Amit Daryanani upgraded Ciena to Outperform from In-Line and raised his price target to $550, arguing optical networking is the key bottleneck for AI infrastructure.
pricing_changeCiena CFO Marc Graff said on the earnings call that price increases range from high single digits to high teens or low 20s depending on customer and product, with some applying selectively to backlog.
analyst_ratingDeutsche Bank analyst Gianmarco Paolo Conti said Lumentum's advanced 200G lasers are sold out for the foreseeable future at roughly double the prior generation's average selling price.