Latest news with #TimSavageaux
Yahoo
9 hours ago
- Business
- Yahoo
Northland Raises Ciena (CIEN) Price Target, Maintains Outperform Rating
Ciena Corporation (NYSE:CIEN) is one of the 10 tech stocks on Wall Street's radar right now. Northland analyst Tim Savageaux increased the price target on Ciena Corporation (NYSE:CIEN) to $85 from $75 and maintained an Outperform rating on June 6, after the company reported 'mixed' fiscal Q2 results. Savageaux highlighted the strong demand that led to raising the FY25 growth forecast to 14%, up from the previous 8-11% range. He also pointed out that in the Optical industry, it is common to buy systems providers when margins are lower due to higher line system and equipment revenue. A team of telecom engineers discussing a communication infrastructure diagram. While Northland showed a bullish sentiment on the stock, Evercore ISI analyst Amit Daryanani cut the price target for Ciena (NYSE:CIEN) to $75 from $82 and maintained an In Line rating on the same day. According to the firm, the recent quarter showed mixed results, with revenue beating estimates but earnings per share falling short. Growth in the cloud segment drove revenue, but weaker gross margins, affected by product mix and tariffs, hurt profits, and the analyst noted that margin challenges continue to be a worry. Ciena (NYSE:CIEN) delivers a broad range of hardware, software, and services focused on optical networking, network management, and automation, supporting network operators with solutions for transport, routing, orchestration, and maintenance. While we acknowledge the potential of CIEN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
Yahoo
9 hours ago
- Business
- Yahoo
Northland Raises Ciena (CIEN) Price Target, Maintains Outperform Rating
Ciena Corporation (NYSE:CIEN) is one of the 10 tech stocks on Wall Street's radar right now. Northland analyst Tim Savageaux increased the price target on Ciena Corporation (NYSE:CIEN) to $85 from $75 and maintained an Outperform rating on June 6, after the company reported 'mixed' fiscal Q2 results. Savageaux highlighted the strong demand that led to raising the FY25 growth forecast to 14%, up from the previous 8-11% range. He also pointed out that in the Optical industry, it is common to buy systems providers when margins are lower due to higher line system and equipment revenue. A team of telecom engineers discussing a communication infrastructure diagram. While Northland showed a bullish sentiment on the stock, Evercore ISI analyst Amit Daryanani cut the price target for Ciena (NYSE:CIEN) to $75 from $82 and maintained an In Line rating on the same day. According to the firm, the recent quarter showed mixed results, with revenue beating estimates but earnings per share falling short. Growth in the cloud segment drove revenue, but weaker gross margins, affected by product mix and tariffs, hurt profits, and the analyst noted that margin challenges continue to be a worry. Ciena (NYSE:CIEN) delivers a broad range of hardware, software, and services focused on optical networking, network management, and automation, supporting network operators with solutions for transport, routing, orchestration, and maintenance. While we acknowledge the potential of CIEN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
Yahoo
09-04-2025
- Business
- Yahoo
Why Lumentum Holdings Stock Bounced 5% Higher Today
Not for the first time this young month, Lumentum Holdings (NASDAQ: LITE) was a highflier on the stock exchange Monday. Shares of the optical electronics specialist closed the day more than 5% higher in price, thanks to two bullish new analyst notes -- one of which involved a recommendation upgrade. The stock's rise provided a welcome contrast to the S&P 500 index, which fell by 0.2%. Of the two new pundit publications, it was naturally the one with the upgrade that had the greater impact. Before market open that day, Northland analyst Tim Savageaux changed his recommendation on Lumentum to outperform (i.e., buy) from his previous market perform (hold). His price target on the company is $70 per share, which is 34% higher than the stock's current level. Another boost from the world of punditry came from researchers at Stifel. On Monday, that company published its take on last week's Optica Executive Forum at the Optical Fiber Communications industry conference. Stifel was generally quite bullish on what it heard and saw at the event. According to reports it wrote that with the increasing workloads requiring effective, low-latency data transmission will support companies in the optical field. It put the kibosh on the idea that optical transceivers are obsolete; in the Stifel team's view, they are the only workable option for coping with sharply increasing bandwidth requirements. Lumentum, then, is a company that is in the right time and place to take advantage of those dynamics. Judging by how its stock has done in recent trading sessions, it seems that many investors agree with Stifel's conclusions. This is doubtlessly a company worth watching. Before you buy stock in Lumentum, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Lumentum wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $461,558!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $578,035!* Now, it's worth noting Stock Advisor's total average return is 730% — a market-crushing outperformance compared to 147% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 5, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool recommends Lumentum. The Motley Fool has a disclosure policy. Why Lumentum Holdings Stock Bounced 5% Higher Today was originally published by The Motley Fool Sign in to access your portfolio
