03:15 PM EDT, 03/13/2025 (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 trim our 12-month target price by $25 to $80, 31.7x our FY 25 (Oct.) EPS estimate, a premium to its three-year forward average P/E at 23.1x, reflecting our positive long-term outlook for the company. We raise our FY 25 EPS estimate by $0.05 to $2.52 and lower FY 26's by $0.06 TO $3.39. CIEN reported Jan-Q operating EPS of $0.64 vs. $0.66, $0.23 above the consensus. Ciena also reported mixed results for the first quarter of fiscal 2025, with revenue growth offset by margin pressure and higher operating expenses. The company's revenue increased by 3.3% year-over-year to $1,072.3 million, driven by growth in the Service Provider, Government, and Enterprise segments. However, adjusted gross margin contracted by 100 basis points to 44.7%, reflecting ongoing supply chain challenges and a shift in product mix.

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