Ciena (CIEN) Soars 2.66% on Bullish Analyst Upgrades

Ciena科技(CIEN)涨2.66%，连涨3天，近3日涨3.04%。The share price rose to its highest level since February 2025 today, with an intraday gain of 4.08%.

The strategy of buying CIEN shares after they reached a recent high and holding for one week resulted in a 147.50% return over the past five years, significantly outperforming the benchmark with a 98.06% excess return. However, the strategy had a maximum drawdown of -30.32% and a Sharpe ratio of 1.15, indicating moderate risk and returns.

Ciena's stock price has been positively influenced by recent actions from JP Morgan. JP Morgan analyst Samik Chatterjee raised the firm's price target for Ciena (CIEN) from $76 to $86 while maintaining an Overweight rating on the shares. This move indicates a bullish outlook on the company's future performance. Additionally, Evercore ISI also increased their price target for Ciena from $68 to $82, further reinforcing the positive sentiment surrounding the stock. These actions suggest a strong market confidence in Ciena's prospects, which could contribute to the stock's recent upward trend.