Ciena Corp is trading 5.5% up today at $600.64 as investors react to a significant analyst price target increase ahead of its June 4, 2026 earnings release.
- B. Riley Securities maintained a Neutral rating but nearly doubled its price target on the stock to $531.00 from a previous $283.00.
- The move also comes as investors position for the company's earnings report, with options markets pricing in a potential 13% move on the results, highlighting expectations for volatility.