Stifel lifts Ciena PT on AI strategy upside from Nubis buyout
ReutersSep 23, 2025 1:22 PM
Stifel raises PT of networking equipment maker Ciena CIEN.N to $152 from $120, maintains "buy" rating
New PT a 9.1% upside on stock's last close
CIEN said on Monday it would acquire privately held Nubis Communications for $270 mln in an all-cash deal
The acquisition is consistent with the company's strategy to secure a leading position in the AI-driven data center interconnect market, Stifel says
Brokerage says the combined business "can offer a comprehensive portfolio addressing the full spectrum of data center connectivity needs"
12 of 18 brokerages rate the stock "buy" or higher, five "hold" and one "sell"; their median PT is $127.5 - data compiled by LSEG
As of last close, shares up about 64% YTD
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