最新ニュース Ciena (NYSE:CIEN) 株価情報

Ciena

Ciena Corp is a network and technology company. It provides network hardware, software, and services that support the transport, switching, aggregation, service delivery, and management of video, data, and voice traffic on communications networks. It serves various industries such as communication services providers, web-scale providers, cable operators, government, and large enterprises world-wide. The business activities function through Networking Platforms which generates maximum revenue; Platform Software and Services; Blue Planet Automation Software, and Global Services segments. Geographically, the company derives a majority of its revenue from the Americas, and the rest from the Asia-Pacific (APAC), and Europe, Middle East, and Africa (EMEA) region.

CIENA Corporation

Ciena Corp

Needham analyst Ryan Koontz reiterates Ciena (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) with a Buy and maintains $95 price target.

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Needham Reiterates Buy on Ciena, Maintains $95 Price Target

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Shares of companies within the broader tech sector are trading lower amid overall market weakness following recent economic data and a rise in yields. Also, the sector may be falling in response to a recent pullback in NVIDIA as investors evaluate CES announcements.

Ciena (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) has outperformed the market over the past 5 years by 2.54% on an annualized basis producing an average annual return of 15.15%. Currently, Ciena has a market capitalization of $12.11 billion. 
Buying $1000 In CIEN: If an investor had bought $1000 of CIEN stock 5 years ago, it would be worth $2,025.56 today based on a price of $85.20 for CIEN at the time of writing.
<h3>Ciena's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1735684216_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

If You Invested $1000 In This Stock 5 Years Ago, You Would Have This Much Today

Ciena (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) has outperformed the market over the past 5 years by 2.69% on an annualized basis producing an average annual return of 16.29%. Currently, Ciena has a market capitalization of $12.96 billion. 
Buying $100 In CIEN: If an investor had bought $100 of CIEN stock 5 years ago, it would be worth $217.10 today based on a price of $90.16 for CIEN at the time of writing.
<h3>Ciena's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734366607_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Ciena 5 Years Ago Would Be Worth This Much Today

These twelve large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) shares jumped 25.22% after the company reported better-than-expected Q4 financial results and raised its <a href="https://www.benzinga.com//node/42480891" target="_blank" rel="noreferrer noopener">quarterly common stock dividend</a>. Several analysts boosted <a href="https://www.benzinga.com//node/42480891" target="_blank" rel="noreferrer noopener">the price forecast on the stock</a>.</li>
<li>Ciena Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) stock escalated 21.94% after the company reported <a href="https://www.benzinga.com//node/42460647" target="_blank" rel="noreferrer noopener">better-than-expected fourth-quarter sales results</a>. Several analysts raised <a href="https://www.benzinga.com/quote/cien/analyst-ratings" target="_blank" rel="noreferrer noopener">the price forecast on the stock</a>.</li>
<li>YPF Sociedad Anonima (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YPF#NYSE">YPF</a>) shares increased 14.64%. B of A Securities upgraded the stock from Neutral to Buy and raised its <a href="https://www.benzinga.com/quote/ypf/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast from $31 to $55</a>.</li>
<li>Warner Bros. Discovery, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) stock upped 13.23% after the board approved the company&#8217;s plans <a href="https://www.benzinga.com//node/42468724" target="_blank" rel="noreferrer noopener">to implement a new corporate structure</a>. Analysts upped the<a href="https://www.benzinga.com/quote/wbd/analyst-ratings" target="_blank" rel="noreferrer noopener"> company&#8217;s price forecast</a>.</li>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) stock jumped 12.08%. Wedbush Securities analyst Dan Ives sees the company achieving a $2 trillion market cap by<a href="https://www.benzinga.com//node/42455654" target="_blank" rel="noreferrer noopener"> 2025-end in a bull case scenario</a>.</li>
<li>Rubrik, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBRK#NYSE">RBRK</a>) shares rose 11.68% after the company announced its security cloud <a href="https://www.benzinga.com//node/42461084" target="_blank" rel="noreferrer noopener">government achieved FedRAMP authorization</a>.</li>
<li>Amer Sports, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AS#NYSE">AS</a>) stock rose 10.56%. Several analysts raised the <a href="https://www.benzinga.com/quote/as/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast on the stock</a>.</li>
<li>Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) stock surged 10.54% last week <a href="https://www.benzinga.com//node/42408445" target="_blank" rel="noreferrer noopener">after the analyst said</a> the company is &#8220;well-positioned to gain significant share.&#8221;</li>
<li>Boeing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) stock increased 10.21% following reports the company has resumed production of its 737 MAX aircraft after a lengthy <a href="https://www.benzinga.com//node/42422912" target="_blank" rel="noreferrer noopener">halt caused by an employee strike</a>.</li>
<li>Astera Labs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAB#NASDAQ">ALAB</a>) stock rose 9.75%.</li>
<li>Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) stock upped 8.65% following the unveiling of a new quantum computing <a href="https://www.benzinga.com//node/42447332" target="_blank" rel="noreferrer noopener">chip with breakthrough capabilities</a>.</li>
<li>Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) stock was up 7.82%, probably in <a href="https://www.benzinga.com//node/42484676" target="_blank" rel="noreferrer noopener">sympathy with Broadcom</a>.</li>
</ol>
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Tesla, Alphabet And Broadcom Are Among Top Large Cap Gainers Last Week (December 9-13): Are The Others In Your Portfolio?

Citigroup analyst Jim Suva maintains Ciena (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) with a Buy and raises the price target from $84 to $98.

Citigroup Maintains Buy on Ciena, Raises Price Target to $98

Ciena Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) stock surged after BofA Securities upgraded it from Neutral to Buy and raised its <a href="https://www.benzinga.com/quote/CIEN/analyst-ratings" target="_blank" rel="noreferrer noopener">price target from $70 to $95</a>. 
Needham analyst Ryan Koontz maintained Ciena with a Buy and raised the price target from $80 to $95.
Additionally, Northland Capital Markets, and Stifel raised their respective price targets on the stock.
On Thursday, Ciena reported a <a href="https://www.benzinga.com/24/12/42460647/ciena-q4-earnings-misses-eps-estimates-margins-decline-names-new-chair" target="_blank" rel="noreferrer noopener">fiscal fourth-quarter 2024</a> revenue decline of 0.5% to $1.12 billion, beating the analyst estimate of $1.10 billion. The adjusted EPS of $0.54, missing the consensus estimate of $0.66.
Also Read: <a target="_blank" href="https://www.benzinga.com/tech/24/12/42486903/affirm-secures-4-billion-loan-deal-with-sixth-street-to-boost-bnpl-growth" rel="noreferrer noopener">Affirm Secures $4 Billion Loan Deal With Sixth Street to Boost BNPL Growth</a>
BofA Securities: Last quarter, Liani downgraded its rating to Neutral, noting that long-term growth opportunities were overshadowed by risks related to high implied second-half growth and valuation considerations.
However, trends are turning out better than expected, with stabilizing demand at North American Service Providers (SPs) and Hyperscalers&#8217; AI bandwidth needs driving accelerated order momentum.
The 3-year outlook seems brighter than anticipated and modeled 9.5% fiscal 2025 revenue growth versus his prior 8% estimate.
SP inventory digestion is primarily complete, orders are improving, and B2B of North American SPs was higher than 1 in the fourth quarter.
With Cloud providers, AI deployments are driving demand for core networking applications, Data Center Interconnect (DCI) solutions, pluggable devices, and potential coherent optics penetration inside the data center by fiscal 2027.
Management expects Hyperscalers to account for more than 30% of fiscal 2025 revenues, with another 10%- 15% of indirect exposure through Managed Optical Fiber Network (MOFN) and submarine applications.
MOFN, currently 5% of revenue, is expected to grow significantly next year, driven by SPs building capacity to support Cloud providers.
Lastly, Ciena is also growing its share of the optical networking market outside China, up from 22% in 2022 to 27% and 28% in 2023 and the first half of 2024, respectively. The company holds roughly a 60% share of the 800G coherent optical equipment ports, a market that will likely grow materially.
Liani projected first-quarter revenue of $1.05 billion and EPS of $0.35.
Needham: Ciena reported mixed fourth-quarter results, with revenue +2% above consensus and EPS -$0.11 below, but strong fiscal 2025 and long-term revenue guidance (+8%-11%) was above consensus.
Fourth-quarter strength in Webscale benefited from share growth in 400ZR. However, a one-time E&amp;O charge negatively impacted quarter margins, which Koontz found reasonable.
Strong fiscal 2025 guidance also benefited from improving demand from North American SP.
Strong execution paired with best-in-class technology and customer relationships should allow Ciena to continue to gain meaningful market share in its core TAM. However, Koontz needs to be bullish on its two new product segments.
Koontz projected first-quarter revenue of $1.05 billion and EPS of $0.39.
Price Action: CIEN stock is up 6.43% at $89.96 at the last check Friday.
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<li><a href="https://www.benzinga.com/24/12/42487128/apples-2025-chip-transition-targets-new-wireless-edge-broadcom-to-retain-key-role" target="_blank" rel="noreferrer noopener">Apple&#8217;s 2025 Chip Transition Targets New Wireless Edge, Broadcom To Retain Key Role</a></li>
</ul>
Image via Ciena.

Analyst Color

Equities

Upgrades

Ciena's Strong 2025 Outlook Wins Analyst Confidence: AI Bandwidth And Optical Market Expansion In Focus

U.S. stocks were lower, with the Dow Jones index falling around 90 points on Friday.
Shares of Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) rose sharply during Friday's session after the company posted better-than-expected <a href="https://www.benzinga.com/news/earnings/24/12/42472970/broadcom-reports-mixed-q4-results-eps-beat-revenues-miss-q1-guidance-in-line-with-estimates">earnings for its fourth quarter</a>.
The company said it sees first-quarter revenue of approximately $14.6 billion, versus the $14.612 billion estimate. The company also issued adjusted EBITDA guidance of approximately 66 percent of projected revenue for the first quarter.
Broadcom shares jumped 18.5% to $214.17 on Friday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>SoundHound AI, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>) shares jumped 21% to $16.53.</li>
<li>D-Wave Quantum Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NASDAQ">QBTS</a>) surged 17% to $4.5748.</li>
<li>ASP Isotopes Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASPI#NASDAQ">ASPI</a>) rose 17% to $5.11 after the company responded to short seller &#8220;report.&#8221;</li>
<li>Rigetti Computing, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) gained 16.3% to $6.94.</li>
<li>RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) gained 15.6% to $440.20 after the company raised its guidance. Also, Baird maintained a Neutral rating on the stock and raised its price target from $300 to $400.</li>
<li>Upstart Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>) gained 14.6% to $88.33. Needham analyst Kyle Peterson upgraded Upstart from Hold to Buy and announced a $100 price target.</li>
<li>Mesoblast Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MESO#NASDAQ">MESO</a>) rose 13.3% to $11.75.</li>
<li>AirJoule Technologies Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRJ#NASDAQ">AIRJ</a>) gained 13.2% to $10.00.</li>
<li>IonQ, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NASDAQ">IONQ</a>) gained 10.9% to $33.26.</li>
<li>Credo Technology Group Holding Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRDO#NASDAQ">CRDO</a>) gained 9.3% to $74.76.</li>
<li>Marvell Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) gained 8.2% to $117.96.</li>
<li>Ciena Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) gained 7.1% to $90.57. Ciena, on Thursday, reported better-than-expected fourth-quarter sales results.</li>
</ul>
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<li><a href="https://www.benzinga.com/24/12/42483544/how-to-earn-500-a-month-from-meta-stock">How To Earn $500 A Month From Meta Stock</a></li>
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Intraday Update

AIRJ

ASPI

CRDO

IONQ

MESO

QBTS

RGTI

SOUN

UPST

Broadcom Posts Strong Results, Joins RH, Upstart And Other Big Stocks Moving Higher On Friday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Barclays slashed the price target for The AES Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AES#NYSE">AES</a>) from $23 to $17. Barclays analyst Nicholas Campanella maintained an Overweight rating. AES shares closed at $13.41 on Thursday. See how other analysts view this stock.</li>
<li>Morgan Stanley raised the price target for RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) from $310 to $435. Morgan Stanley analyst Simeon Gutman maintained an Equal-Weight rating. RH shares closed at $381.38 on Thursday. <a href="https://www.benzinga.com/quote/RH/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Rosenblatt boosted the price target for Ciena Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) from $75 to $94. Rosenblatt analyst Mike Genovese maintained a Neutral rating. Ciena shares closed at $84.52 on Thursday. <a href="https://www.benzinga.com/quote/CIEN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley cut NIKE, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) price target from $82 to $80. Morgan Stanley analyst Alex Straton maintained an Equal-Weight rating. Nike shares settled at $77.96 on Thursday. <a href="https://www.benzinga.com/quote/NKE/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Tigress Financial raised Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) price target from $86 to $115. Tigress Financial analyst Ivan Feinseth maintained a Buy rating. Walmart shares closed at $93.88 on Thursday. <a href="https://www.benzinga.com/quote/WMT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JP Morgan cut D.R. Horton, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) price target from $188 to $156. JP Morgan analyst Michael Rehaut downgraded the stock from Neutral to Underweight. D.R. Horton shares closed at $151.21 on Thursday.  <a href="https://www.benzinga.com/quote/DHI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Stifel cut Editas Medicine, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EDIT#NASDAQ">EDIT</a>) price target from $11 to $3. Stifel analyst Dae Gon Ha downgraded the stock from Buy to Hold. Editas Medicine shares closed at $1.89 on Thursday. See how other analysts view this stock.</li>
<li>Deutsche Bank boosted the price target for Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) from $190 to $240. Deutsche Bank analyst Ross Seymore maintained a Buy rating. Broadcom shares settled at $180.66 on Thursday. <a href="https://www.benzinga.com/quote/AVGO/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan slashed Meritage Homes Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTH#NYSE">MTH</a>) price target from $220 to $197. JP Morgan analyst Michael Rehaut downgraded the stock from Overweight to Neutral. Meritage Homes shares closed at $177.45 on Thursday. <a href="https://www.benzinga.com/quote/MTH/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays raised Marriott Vacations Worldwide Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VAC#NYSE">VAC</a>) price target from $97 to $116. Barclays analyst Brandt Montour upgraded the stock from Equal-Weight to Overweight. Marriott Vacations shares closed at $94.85 on Thursday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
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Markets

EDIT

Walmart To Rally Over 22%? Here Are 10 Top Analyst Forecasts For Friday

Barclays analyst Tim Long maintains Ciena (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) with a Overweight and raises the price target from $67 to $97.

Barclays Maintains Overweight on Ciena, Raises Price Target to $97

Rosenblatt analyst Mike Genovese maintains Ciena (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) with a Neutral and raises the price target from $75 to $94.

Rosenblatt Maintains Neutral on Ciena, Raises Price Target to $94

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Wolfe Research analyst Darrin Peller upgraded the rating for PayPal Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) from Peer Perform to Outperform and announced a $107 price target. PayPal shares closed at $89.40 on Thursday. See how other analysts view this stock.</li>
<li>B of A Securities analyst Tal Liani upgraded Ciena Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) from Neutral to Buy and raised the price target from $70 to $95. Ciena shares closed at $84.52 on Thursday. <a href="https://www.benzinga.com/quote/CIEN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Needham analyst Kyle Peterson upgraded Upstart Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>) from Hold to Buy and announced a $100 price target. Upstart shares closed at $77.08 on Thursday. See how other analysts view this stock.</li>
<li>UBS analyst A.J. Rice upgraded the rating for Centene Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNC#NYSE">CNC</a>) from Neutral to Buy and increased the price target from $79 to $80. Centene shares closed at $58.00 on Thursday. <a href="https://www.benzinga.com/quote/CNC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wells Fargo analyst Stephen Baxter upgraded the rating for Cardinal Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAH#NYSE">CAH</a>) from Underweight to Equal-Weight and raised the price target from $101 to $127. Cardinal Health shares closed at $117.46 on Thursday. <a href="https://www.benzinga.com/quote/CAH/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying PYPL stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="622" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/13094920/image-115-1024x622.png" alt="" class="wp-image-691544" style="width:605px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/13094920/image-115-1024x622.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/13094920/image-115-300x182.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/13094920/image-115-768x466.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/13094920/image-115.png 1117w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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PYPL

This PayPal Analyst Turns Bullish; Here Are Top 5 Upgrades For Friday

Ciena shares are trading higher after B of A Securities upgraded the stock from Neutral to Buy and raised its price target from $70 to $95. Additionally, Needham, Northland Capital Markets, and Stifel also raised their respective price targets on the stock.

Stifel analyst Ruben Roy maintains Ciena (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) with a Buy and raises the price target from $82 to $95.

Stifel Maintains Buy on Ciena, Raises Price Target to $95

Northland Capital Markets analyst Tim Savageaux maintains Ciena (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) with a Market Perform and raises the price target from $46 to $60.

Northland Capital Markets Maintains Market Perform on Ciena, Raises Price Target to $60

Needham analyst Ryan Koontz maintains Ciena (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) with a Buy and raises the price target from $80 to $95.

Needham Maintains Buy on Ciena, Raises Price Target to $95

B of A Securities analyst Tal Liani upgrades Ciena (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) from Neutral to Buy and raises the price target from $70 to $95.

B of A Securities Upgrades Ciena to Buy, Raises Price Target to $95

<h3>Gainers</h3>
<ul>
<li>SEALSQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAES#NASDAQ">LAES</a>) shares rose 51.3% to $1.74 during Thursday's pre-market session. The market value of their outstanding shares is at $59.0 million. </li>
<li>ZenaTech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZENA#NASDAQ">ZENA</a>) stock increased by 21.08% to $6.89. The market value of their outstanding shares is at $121.7 million. </li>
<li>AmpliTech Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMPG#NASDAQ">AMPG</a>) shares increased by 19.14% to $2.3. The market value of their outstanding shares is at $28.7 million. </li>
<li>Ciena (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) shares increased by 13.93% to $83.41. The company's market cap stands at $11.9 billion. As per the news, the Q4 earnings report came out today. </li>
<li>Intevac (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVAC#NASDAQ">IVAC</a>) stock moved upwards by 13.07% to $3.2. The market value of their outstanding shares is at $86.3 million. </li>
<li>TTM Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTMI#NASDAQ">TTMI</a>) shares increased by 11.79% to $28.33. The company's market cap stands at $2.8 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>MMTEC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTC#NASDAQ">MTC</a>) stock declined by 16.2% to $0.22 during Thursday's pre-market session. The company's market cap stands at $43.7 million. </li>
<li>Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) stock decreased by 11.28% to $487.91. The market value of their outstanding shares is at $214.7 billion. As per the press release, Q4 earnings came out yesterday. </li>
<li>Rigetti Computing (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) shares decreased by 9.9% to $6.65. The company's market cap stands at $1.8 billion. </li>
<li>LeddarTech Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LDTC#NASDAQ">LDTC</a>) shares declined by 7.74% to $1.67. The company's market cap stands at $49.1 million. </li>
<li>Signing Day Sports (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SGN#AMEX">SGN</a>) stock decreased by 6.38% to $3.23. The company's market cap stands at $1.8 million. </li>
<li>X3 Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XTKG#NASDAQ">XTKG</a>) stock decreased by 6.0% to $0.94. The company's market cap stands at $12.9 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ADBE

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12 Information Technology Stocks Moving In Thursday's Pre-Market Session

U.S. stocks traded lower toward the end of trading, with the Dow Jones index falling around 200 points on Thursday.
The Dow traded down 0.46% to 43,947.18 while the NASDAQ fell 0.38% to 19,957.81. The S&amp;P 500 also fell, dropping, 0.34% to 6,063.38.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/12/42437595/jim-cramer-says-keep-owning-this-energy-stock-abbott-laboratories-legal-stuff-is-behind-them">Jim Cramer Says &#8216;Keep Owning&#8217; This Energy Stock, Abbott Laboratories &#8216;Legal Stuff&#8217; Is Behind Them</a>
Leading and Lagging Sectors Consumer staples shares jumped by 0.5% on Thursday.
In trading on Thursday, health care shares fell by 0.5%.
Top Headline
Shares of Ciena Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) jumped more than 15% on Thursday after the company released fourth-quarter results.
The company reported a fiscal fourth-quarter 2024 revenue decline of 0.5% year-on-year to $1.124 billion, beating the analyst consensus estimate of $1.104 billion. The American telecommunications networking equipment and software services supplier reported adjusted EPS of 54 cents, missing the analyst consensus estimate of 66 cents.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Liquidity Services, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LQDT#NASDAQ">LQDT</a>) shares shot up 32% to $34.02 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>Shares of Trevi Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRVI#NASDAQ">TRVI</a>) got a boost, surging 72% to $4.28 after the company announced positive outcomes for the treatment of patients from its chronic cough Phase 2b CORAL trial.</li>
<li>3D Systems Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DDD#NYSE">DDD</a>) shares were also up, gaining 21% to $4.07 after the company inked a definitive agreement to sell its Geomagic software portfolio to Hexagon's Manufacturing Intelligence Division for $123 million.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Sacks Parente Golf, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPGC#NASDAQ">SPGC</a>) shares dropped 74% to $0.37 after the company priced an upsized $8.4 million underwritten public offering of 7 million common units at $1.20 per unit.</li>
<li>Shares of Keros Therapeutics, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KROS#NASDAQ">KROS</a>) were down 74% to $18.12 after the company announced it halted treatment in the 3.0 mg/kg and 4.5 mg/kg arms of its ongoing TROPOS trial due to safety concerns..</li>
<li>The Lovesac Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOVE#NASDAQ">LOVE</a>) was down, falling 27% to $27.38 after the company reported mixed third-quarter financial results.</li>
</ul>
Commodities In commodity news, oil traded up 0.1% to $70.38 while gold traded down 1.7% at $2,709.40.
Silver traded down 4.1% to $31.630 on Thursday, while copper fell 0.6% to $4.2400.
Euro zone
European shares were mixed today. The eurozone's STOXX 600 fell 0.14%, Germany's DAX rose 0.13% and France's CAC 40 fell 0.03%. Spain's IBEX 35 Index slipped 0.21%, while London's FTSE 100 rose 0.12%.
Asia Pacific Markets
Asian markets closed mostly higher on Thursday, with Japan's Nikkei 225 gaining 1.21%, Hong Kong's Hang Seng Index gaining 1.20%, China's Shanghai Composite Index gaining 0.85% and India's BSE Sensex falling 0.29%.
Economics
<ul>
<li>U.S. initial jobless claims increased by 17,000 from the previous week to a reading of 242,000 during the first week of December, compared to market estimates of 220,000.</li>
<li>Core producer prices increased by 0.2% month-over-month in November compared to a 0.3% increase in the previous month and in-line with market expectations.</li>
<li>U.S. natural-gas stocks fell 190 billion cubic feet to 3.747 trillion cubic feet in the week ended Dec. 6, compared to market estimates of a 170 billion cubic feet decline.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/24/12/42460506/wall-streets-most-accurate-analysts-weigh-in-on-3-risk-off-care-stocks-with-over-5-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Risk Off Care Stocks With Over 5% Dividend Yields</a></li>
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Dow Tumbles 200 Points; Liquidity Services Shares Spike Higher

Risk sentiment soured on Thursday following hotter-than-expected producer inflation data, which dampened optimism for aggressive interest rate cuts in 2025. Adding to the uncertainty, an unexpected rise in jobless claims cast doubt on the resilience <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42467265/stocks-fall-as-producer-inflation-spikes-jobless-claims-jump-what-is-happening-here">of the U.S. labor market.</a>
Major U.S. stock indices were in the red during midday trading in New York. The Nasdaq 100 slipped 0.4%, retreating from its record highs reached in the previous session, while small caps underperformed as the iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) dropped 1%.
The Producer Price Index surged to 3% year-over-year in November, its highest level since February 2023, outpacing both forecasts and the upwardly revised 2.6% from October. On the labor front, weekly jobless claims rose by 17,000 to 242,000, exceeding consensus estimates of 220,000.
Treasury yields ticked higher, with the 10-year benchmark yield climbing 4 basis points to 4.31%, as investors placed greater emphasis on the robust inflation reading. However, expectations for a 25-basis-point rate cut at the upcoming Federal Reserve meeting remained intact, with Fed futures pricing in a 98% probability.
In currency markets, the U.S. Dollar Index, as measured by the Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>), edged up 0.1%, while gold prices slid more than 1%.
Natural gas prices soared nearly 5%, reaching levels not seen since late October 2023, after a steep storage draw fueled buying momentum.
In cryptocurrencies, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) traded modestly higher, up 0.3% to $101,500, while Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) gained 3.1%.
<h3 class="wp-block-heading">Thursday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>6,073.41</td>
<td>-0.2%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>44,020.82</td>
<td>-0.3%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>21,687.46</td>
<td>-0.4%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,371.79</td>
<td>-0.9%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:15 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121224&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) eased 0.1% to $606.65.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;fell 0.2% to $441.69.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) edged 0.2% down to $528.71.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 0.9% to $235.90.</li>
<li>The&nbsp;Consumer Staples Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>) outperformed, up by 0.5%; the&nbsp;Health Care Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>) lagged, down 0.5%.</li>
</ul>
<h2 class="wp-block-heading">Thursday&#8217;s Stock Movers</h2>
<ul>
<li>Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) tumbled by over 12%, despite beating Street&#8217;s profit and revenue estimates last quarter, as the company lowered guidance for the first quarter of 2025. </li>
<li>Nordson Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDSN#NASDAQ">NDSN</a>) tumbled 9%, while Ciena Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) rose 16% in reaction to earnings.</li>
<li>Major companies slated to report earnings after the close include Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) and Costco Wholesale Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>).</li>
</ul>
Read now: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42466189/trump-talks-stocks-bitcoin-ai-economy-with-jim-cramer-youre-going-to-see-some-very-good-days-ahead">Trump Talks Stocks, Bitcoin, AI, Economy With Jim Cramer: &#8216;You&#8217;re Going To See Some Very Good Days Ahead&#8217;</a></li>
</ul>
Photo: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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On Net Fibra Colombia Deploys Blue Planet to Streamline Delivery of Wholesale Fiber Optic Services

Boldyn Networks Adds Scalable 1.6Tb/s Wavelengths to its Fiber Network in New York and New Jersey

Ziply® Fiber announces 400 Gig "Northern Link Route" connecting Pacific Northwest to Minneapolis and Chicago

euNetworks First to Deploy 1.6 Tb/s Coherent Solution in Europe with Ciena's WaveLogic 6 Extreme

Ciena Announces Reporting Date and Web Broadcast for Fiscal Fourth Quarter and Year End 2024 Results

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