Ciena Analysts Boost Their Forecasts After Upbeat Q3 Results

1. Ciena reported 29.4% revenue growth, reaching $1.22 billion. 2. Adjusted EPS of 67 cents surpassed expectations of 53 cents. 3. Fourth-quarter revenue guidance of $1.24-$1.32 billion beats estimates. 4. Analysts raised price targets for CIEN, indicating strong future potential. 5. Ciena shares declined 0.5% despite positive earnings results.