02:20 PM EDT, 05/22/2026 (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 raise our 12-month target price by $225 to $575, 65.8x our FY 27 (Oct.) EPS estimate, a premium to its one-year forward average P/E at 47.8x. We increase our FY 26 EPS estimate by $0.11 to $6.24 and raise FY 27's by $0.75 to $8.74. During the last quarter, exceptional demand was observed, with broad-based strength across service providers, hyperscalers, and neo-scalers, resulting in record order activity and a significantly higher backlog. CIEN made significant progress expanding into new addressable markets in and around the data center. Multiple hyperscalers adopted Ciena's solutions for distributed AI training applications, representing an emerging wave of opportunity. The interconnects portfolio achieved consecutive record quarters, and the company successfully introduced new products including its first offering following a recent acquisition, positioning it well for future scale-out and scale-up opportunities inside data centers.