business
Morgan Stanley resets CIEN stock target after earnings
Key takeaways
- Morgan Stanley resets CIEN stock target after earnings Peace Longe Sun, June 7, 2026 at 10:07 PM GMT+7 4 min read CIEN MS Ciena (CIEN) just delivered the kind of quarter most companies dream about.
- Analyst after analyst lifted price targets on the stock, some by hundreds of dollars.
- Ciena (CIEN) dropped sharply right after the report, a strange way for the market to greet a record quarter and a stack of bullish new targets.
Morgan Stanley resets CIEN stock target after earnings Peace Longe Sun, June 7, 2026 at 10:07 PM GMT+7 4 min read CIEN MS Ciena (CIEN) just delivered the kind of quarter most companies dream about. Revenue jumped 40%, profit nearly quadrupled, and management raised its full-year outlook.
Wall Street liked what it saw. Analyst after analyst lifted price targets on the stock, some by hundreds of dollars.
Ciena (CIEN) dropped sharply right after the report, a strange way for the market to greet a record quarter and a stack of bullish new targets.
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