Ciena Set To Beat Q2 Estimates But AI Ambitions Face Margin Math And Marvell-ous Rivals
Rosenblatt analyst Mike Genovese is questioning how successful Ciena CIEN will be over the next one to five years, taking on companies like Marvell Technology MRVL and Broadcom Inc AVGO.What Happened: The analyst maintains a Neutral rating and raised the price target from 85, according to a Tuesday research note.Ciena will report second-quarter results on June 5 before the open.Genovese expects good results and guidance, likely slightly ahead of consensus, driven by substantial revenues and orders.C ...