Ciena Set To Beat Q2 Estimates But AI Ambitions Face Margin Math And Marvell-ous Rivals
1. Rosenblatt maintains a Neutral rating on Ciena, raising the price target to $85. 2. Ciena is expected to report strong second-quarter results on June 5. 3. Analyst questions potential gross margin achievements and future revenue guidance. 4. U.S. Tier 1 Telco orders are significantly higher compared to last year. 5. Ciena's market exposure is shifting towards AI-focused cloud providers.