Ciena Pullback Presents Mid-Term Long: OFC Momentum Still Intact
Ciena has rallied on AI data-center demand and conference-driven order flow, but a fast pullback to $373 creates a measured entry. The trade: buy on weakness at $375, stop at $345, target $460 for a mid-term (45 trading days) swing. Thesis rests on strong revenue growth, a multi-billion dollar backlog and durable secular demand for optical intercon…