Ciena Stock (CIEN) News, Forecasts and Analyst Targets as of Dec. 20, 2025: AI Networking Tailwinds Meet a Stretched Valuation Debate
Ciena shares closed at $230.34 on Dec. 19, up 9.32% after reporting fiscal Q4 revenue of $1.352 billion, a 20% jump year over year. The company issued 2026 guidance above expectations, projecting up to $6.1 billion in revenue. Analysts raised price targets, while some questioned valuation. Ciena cited AI and cloud demand as key drivers and reported a record order backlog entering 2026.