Key facts: Ciena has acquired Nubis Communications for $270 million in an all-cash transaction, aimed at strengthening its presence in the AI-driven data center interconnect sector.

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Ciena has acquired Nubis Communications for $270 million in an all-cash transaction, aimed at strengthening its presence in the AI-driven data center interconnect sector.1
Stifel has raised Ciena's price target to $152.00 per share from a previous target of $120.00.2