Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Wall Street is divided on networking stocks this week. The sharpest cut came at CIEN. B. Riley slashed its target from $516 to $413 — a $103 drop. That is a 20% reduction. The firm kept its Hold rating but flagged concern about near-term demand visibility.
Consensus followed, trimming its average target from $557 to $552. Ciena carries a $53 billion market cap with short interest at just 2.2% of free float.
Cybersecurity saw the opposite move. Scotiabank raised its target on PANW to $430, up from $320. That is a 34% increase. The bank maintained its Buy rating. Palo Alto Networks trades near $303 billion in market cap.
AKAM received a consensus upgrade. Analysts lifted their recommendation level while nudging the average target to $157. Short interest sits at nearly 14% of free float — among the highest in large-cap tech.
Two more positive calls rounded out the session. Goldman Sachs analyst Kash Rangan raised his target to $164 from $151, keeping a Hold. B of A's Wamsi Mohan lifted to $206 from $180, also at Hold.
The pattern is clear: analysts are selectively upgrading infrastructure and security plays while trimming optical networking exposure.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data and reviewed by the ORTEX team. Content is informational only and does not constitute investment advice.
