AI drives the accelerated penetration of 800G optical modules, Bank of America bullish on Cisco (CSCO.US) and Ciena (CIEN.US).

According to the Zhixin Finance APP, Bank of America (BofA) raised the target price of Ciena (CIEN.US) and Cisco (CSCO.US) on Tuesday, with the investment bank believing that the growth momentum in the optical networking market remains "resilient." Analyst Tal Liani pointed out in a report to clients that Cisco's performance in the third quarter of the 2026 fiscal year and the strong demand for Acacia business continue to support the bank's optimism about the underlying demand environment for optical networks. Liani also maintains a "buy" rating on Ciena and Cisco.