Weekly Recap: 3-yr $2.5—3B R&D plan and 10% stock jump after forum
Ciena Corporation (NYSE:CIEN) outlined a $2.5—3B R&D plan and pursuit of strategic buys like Nubis while citing a BB+ rating, $20B M&A capacity and 70% free—cash—flow returns target, and shares jumped after FY29 targets lifted analyst price targets amid AI/data—center demand.Previous Week RecapThis…