03:50 PM EDT, 06/06/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We keep our 12-month target price at $80, 35.7x our FY 25 (Oct.) EPS estimate, a slight premium to its five-year historical average P/E at 33.5x, reflecting our view that demand for AI networking will continue to accelerate over the coming years. We trim our FY 25 EPS estimate by $0.28 to $2.24 and lower FY 26's by $0.07 to $3.32. CIEN reported Apr-Q operating EPS of $0.42 vs. $0.27, $0.10 below the consensus, impacted by higher compensation costs. CIEN is working hard to mitigate the impact of tariffs. However, due to the dynamic nature of the current environment, it did have to absorb some of the extra costs, which resulted in an impact on its bottom line. The focus on AI is beginning to shift away from just GPUs and power to the networking requirements to support those investments. We believe CIEN is well positioned to benefit from the shift with its high-speed connectivity solutions.