Ciena - CIEN Stock Price Target and Predictions

Target and Analyst Ratings
Price Target History
Upgrades and Downgrades
News Sentiment
About
FAQ

Consensus Rating: Moderate Buy
Consensus Price Target: $58.79
Forecasted Upside: 20.34%
Number of Analysts: 11
Breakdown:
1 Sell Ratings
1 Hold Ratings
8 Buy Ratings
1 Strong Buy Ratings

^$48.85 As of 05/17/2024 01:00 AM ET

▼ -0.35 (-0.71%)

1 month | 3 months | 12 months

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Analyst Price Target for CIEN

^$58.79

▲ +20.34% Upside Potential

This price target is based on 11 analysts offering 12 month price targets for Ciena in the last 3 months. The average price target is $58.79, with a high forecast of $68.00 and a low forecast of $41.00. The average price target represents a 20.34% upside from the last price of $48.85.

Current Consensus is Moderate Buy

The current consensus among 11 polled investment analysts is to moderate buy stock in Ciena. This Moderate Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

1 strong buy ratings
8 buy ratings
1 hold ratings
1 sell ratings

Ratings as of

11/25/2022

1 strong buy ratings
8 buy ratings
1 hold ratings
1 sell ratings

Ratings as of

2/23/2023

1 strong buy ratings
8 buy ratings
1 hold ratings
1 sell ratings

Ratings as of

5/24/2023

1 strong buy ratings
8 buy ratings
1 hold ratings
1 sell ratings

Ratings as of

8/22/2023

1 strong buy ratings
8 buy ratings
1 hold ratings
1 sell ratings

Ratings as of

11/20/2023

1 strong buy ratings
8 buy ratings
1 hold ratings
1 sell ratings

Ratings as of

2/18/2024

1 strong buy ratings
8 buy ratings
1 hold ratings
1 sell ratings

Ratings as of

4/18/2024

1 strong buy ratings
8 buy ratings
1 hold ratings
1 sell ratings

Ratings as of

5/18/2024

Latest Recommendations

Show Most Recent Rating from Each Ratings Firm Show All Ratings

Date	Brokerage	Action	Rating	Price Target	Impact on Share Price
4/12/2024	Citigroup	Initiated Coverage	Sell	$44.00	Low
4/11/2024	BNP Paribas	Initiated Coverage	Outperform	$57.00	Low
3/5/2024	JPMorgan Chase & Co.	Boost Target	Overweight ➝ Overweight	$56.00 ➝ $67.00	Low
3/4/2024	Needham & Company LLC	Boost Target	Buy ➝ Buy	$60.00 ➝ $65.00	Low
2/23/2024	Evercore ISI	Boost Target	Outperform ➝ Outperform	$57.00 ➝ $63.00	Low
1/12/2024	Evercore ISI	Upgrade	In-Line ➝ Outperform	$52.00 ➝ $57.00	Low
12/28/2023	Needham & Company LLC	Reiterated Rating	Buy ➝ Buy	$60.00	Low
12/8/2023	B. Riley	Boost Target	Buy ➝ Buy	$67.00 ➝ $68.00	Low
12/8/2023	Rosenblatt Securities	Reiterated Rating	Buy ➝ Buy	$65.00	Low
12/8/2023	Raymond James	Lower Target	Strong-Buy ➝ Strong-Buy	$63.00 ➝ $60.00	Low
12/8/2023	Barclays	Boost Target	Overweight ➝ Overweight	$59.00 ➝ $60.00	Low
11/28/2023	Needham & Company LLC	Reiterated Rating	Buy ➝ Buy	$60.00	Low
11/28/2023	Rosenblatt Securities	Reiterated Rating	Buy ➝ Buy	$65.00	Low
9/27/2023	Stifel Nicolaus	Initiated Coverage	Buy	$62.00	Low
9/1/2023	Rosenblatt Securities	Boost Target		$57.00 ➝ $65.00	Low
9/1/2023	Evercore ISI	Boost Target	In-Line ➝ In-Line	$47.00 ➝ $52.00	Low
9/1/2023	UBS Group	Boost Target	Neutral ➝ Neutral	$48.00 ➝ $52.00	Low
9/1/2023	B. Riley	Boost Target	Buy ➝ Buy	$60.00 ➝ $67.00	Low
9/1/2023	Barclays	Lower Target	Overweight ➝ Overweight	$66.00 ➝ $59.00	Low
8/30/2023	Rosenblatt Securities	Reiterated Rating	Buy ➝ Buy	$57.00	Low
8/28/2023	Needham & Company LLC	Lower Target	Buy ➝ Buy	$60.00 ➝ $50.00	Low
8/22/2023	Evercore ISI	Lower Target	In-Line ➝ In-Line	$50.00 ➝ $47.00	Low
6/16/2023	Bank of America	Lower Target		$62.00 ➝ $59.00	Low
6/7/2023	Rosenblatt Securities	Lower Target		$65.00 ➝ $57.00	Low
6/7/2023	Northland Securities	Lower Target		$45.00 ➝ $41.00	Low
6/7/2023	Jefferies Financial Group	Lower Target		$65.00 ➝ $60.00	Low
6/7/2023	JPMorgan Chase & Co.	Lower Target		$67.00 ➝ $65.00	Low
6/7/2023	Barclays	Lower Target		$74.00 ➝ $66.00	Low
6/7/2023	Raymond James	Lower Target	Strong-Buy	$70.00 ➝ $63.00	Low
4/19/2023	JPMorgan Chase & Co.	Boost Target	Overweight	$66.00 ➝ $67.00	Low
4/5/2023	Westpark Capital	Initiated Coverage	Buy		Low
3/30/2023	Loop Capital	Boost Target	Buy	$69.00 ➝ $71.00	Low
3/29/2023	Morgan Stanley	Downgrade	Overweight ➝ Equal Weight	$59.00 ➝ $57.00	Low
3/28/2023	Raymond James	Upgrade	Outperform ➝ Strong-Buy	$58.00 ➝ $70.00	Low
3/7/2023	Raymond James	Boost Target	Outperform	$57.00 ➝ $58.00	Low
3/7/2023	Needham & Company LLC	Reiterated Rating	Buy	$70.00	Low
3/7/2023	B. Riley	Boost Target	Buy	$69.00 ➝ $72.00	Low
3/7/2023	JPMorgan Chase & Co.	Boost Target	Overweight	$65.00 ➝ $66.00	Low
3/7/2023	Barclays	Boost Target	Overweight	$71.00 ➝ $74.00	Low
2/28/2023	Rosenblatt Securities	Reiterated Rating	Buy	$65.00	Low
12/20/2022	JPMorgan Chase & Co.	Upgrade	Neutral ➝ Overweight	$60.00	Low
12/12/2022	Evercore ISI	Boost Target		$55.00	Low
12/9/2022	Cowen	Boost Target		$71.00 ➝ $76.00	Low
12/9/2022	MKM Partners	Boost Target	Buy ➝ Buy	$58.00 ➝ $65.00	Low
12/9/2022	B. Riley	Boost Target		$64.00 ➝ $69.00	Low
12/9/2022	Loop Capital	Boost Target		$68.00 ➝ $69.00	Low
12/9/2022	Northland Securities	Boost Target		$40.00 ➝ $45.00	Low
12/9/2022	Cowen	Boost Target		$71.00 ➝ $76.00	Low
12/9/2022	Citigroup	Boost Target		$55.00 ➝ $65.00	Low
12/9/2022	Barclays	Boost Target	Overweight	$55.00 ➝ $71.00	Low
10/11/2022	Morgan Stanley	Lower Target	Overweight	$60.00 ➝ $49.00	Low
9/6/2022	B. Riley	Lower Target	Buy	$67.00 ➝ $64.00	Low
9/6/2022	JPMorgan Chase & Co.	Downgrade	Overweight ➝ Neutral	$62.00 ➝ $45.00	Low
9/2/2022	Cowen	Lower Target	Outperform	$82.00 ➝ $71.00	Low
9/2/2022	Northland Securities	Lower Target	Market Perform	$53.00 ➝ $45.00	Low
9/2/2022	Rosenblatt Securities	Lower Target	Buy	$70.00 ➝ $65.00	Low
9/2/2022	Cowen	Lower Target	Outperform	$82.00 ➝ $71.00	Low
9/2/2022	Needham & Company LLC	Lower Target	Buy	$88.00 ➝ $70.00	Low
9/2/2022	Morgan Stanley	Lower Target	Overweight	$65.00 ➝ $60.00	Low
9/2/2022	Raymond James	Lower Target	Outperform	$64.00 ➝ $55.00	Low
9/2/2022	Barclays	Lower Target		$70.00 ➝ $55.00	Low
8/12/2022	Morgan Stanley	Upgrade	Equal Weight ➝ Overweight	$56.00 ➝ $65.00	Low
8/4/2022	MKM Partners	Initiated Coverage	Buy	$62.00	Low
7/14/2022	JPMorgan Chase & Co.	Lower Target	Overweight	$72.00 ➝ $62.00	Low
6/14/2022	Morgan Stanley	Lower Target	Equal Weight	$64.00 ➝ $56.00	Low
6/6/2022	Cowen	Lower Target	Outperform	$96.00 ➝ $82.00	Medium
6/6/2022	Cowen	Lower Target		$96.00 ➝ $82.00	Low
6/6/2022	Loop Capital	Lower Target	Buy	$92.00 ➝ $84.00	Medium
6/3/2022	Evercore ISI	Lower Target		$60.00	Low
6/3/2022	UBS Group	Lower Target	Neutral	$66.00 ➝ $51.00	Low
6/3/2022	Argus	Lower Target	Buy	$82.00 ➝ $68.00	Medium
6/3/2022	Citigroup	Lower Target	Buy	$85.00 ➝ $65.00	High
6/3/2022	Barclays	Lower Target	Overweight	$84.00 ➝ $70.00	High
6/3/2022	B. Riley	Upgrade	Neutral ➝ Buy	$65.00 ➝ $67.00	High
5/25/2022	Morgan Stanley	Lower Target	Equal Weight	$67.00 ➝ $64.00	Medium
5/23/2022	Rosenblatt Securities	Lower Target	Buy	$80.00 ➝ $70.00	Low
4/12/2022	Morgan Stanley	Lower Target	Equal Weight	$74.00 ➝ $67.00	Medium
4/5/2022	UBS Group	Initiated Coverage	Neutral	$66.00	N/A
3/23/2022	Rosenblatt Securities	Initiated Coverage	Buy	$80.00	High
3/8/2022	Raymond James	Lower Target	Outperform	$80.00 ➝ $75.00	Medium
2/16/2022	Loop Capital	Boost Target		$87.00 ➝ $92.00	High
2/14/2022	Loop Capital	Initiated Coverage	Buy	$87.00	High
1/13/2022	Raymond James	Boost Target	Outperform	$75.00 ➝ $80.00	Medium
12/28/2021	Needham & Company LLC	Boost Target	Buy	$80.00 ➝ $88.00	Medium
12/21/2021	Jefferies Financial Group	Boost Target	Buy ➝ Buy	$85.00 ➝ $88.00	Low
12/10/2021	Colliers Securities	Reiterated Rating	Buy	$79.00	Medium
12/10/2021	Jefferies Financial Group	Boost Target	Buy	$70.00 ➝ $85.00	Medium
12/10/2021	JPMorgan Chase & Co.	Boost Target	Overweight	$67.00 ➝ $85.00	Medium
12/10/2021	Bank of America	Boost Target	Buy	$70.00 ➝ $83.00	Medium
12/10/2021	Cowen	Boost Target	Outperform ➝ Outperform	$75.00 ➝ $88.00	Low
12/10/2021	Needham & Company LLC	Boost Target	Buy ➝ Buy	$65.00 ➝ $80.00	Medium
12/10/2021	Morgan Stanley	Boost Target	Equal Weight	$59.00 ➝ $74.00	Medium
12/10/2021	B. Riley	Boost Target	Neutral ➝ Neutral	$51.00 ➝ $63.00	Medium
12/10/2021	Citigroup	Boost Target	Buy ➝ Buy	$70.00 ➝ $85.00	Medium
12/10/2021	Barclays	Boost Target	Overweight ➝ Overweight	$66.00 ➝ $84.00	Medium
12/6/2021	Raymond James	Reiterated Rating	Outperform ➝ Outperform	$64.00	Medium
12/2/2021	Morgan Stanley	Boost Target	Equal Weight	$54.00 ➝ $59.00	Medium
9/3/2021	Colliers Securities	Reiterated Rating	Buy	$70.00	Low
9/3/2021	B. Riley	Lower Target	Neutral	$53.00 ➝ $51.00	High
9/3/2021	Barclays	Lower Target	Overweight	$68.00 ➝ $66.00	High
6/4/2021	B. Riley	Boost Target	Neutral	$50.00 ➝ $53.00	High
6/4/2021	Citigroup	Boost Target	Buy	$65.00 ➝ $70.00	High
6/4/2021	Barclays	Boost Target	Overweight	$63.00 ➝ $68.00	High
5/28/2021	B. Riley	Lower Target	Neutral	$51.00 ➝ $50.00	Low
3/5/2021	Colliers Securities	Reiterated Rating	Buy	$58.00	Low
3/4/2021	Raymond James	Boost Target	Outperform	$52.00 ➝ $57.00	Medium
3/2/2021	Rosenblatt Securities	Boost Target	Neutral	$45.00 ➝ $50.00	High
2/26/2021	Raymond James	Boost Target	Outperform	$52.00 ➝ $57.00	Low
2/25/2021	Citigroup	Boost Target		$55.00 ➝ $65.00	Low
1/21/2021	Bank of America	Upgrade	Neutral ➝ Buy	$49.00 ➝ $65.00	Low
1/13/2021	Needham & Company LLC	Boost Target	Buy	$58.00 ➝ $65.00	High
12/15/2020	Morgan Stanley	Boost Target	Equal Weight	$46.00 ➝ $50.00	Low
12/11/2020	B. Riley	Boost Target	Neutral	$46.00 ➝ $51.50	High
12/11/2020	Barclays	Boost Target	Overweight	$54.00 ➝ $62.00	High
11/18/2020	Rosenblatt Securities	Downgrade	Buy ➝ Neutral	$45.00	High
10/14/2020	Vertical Research	Initiated Coverage	Neutral		Low
9/17/2020	Raymond James	Lower Target	Outperform	$55.00 ➝ $50.00	Low
9/4/2020	Colliers Securities	Reiterated Rating	Buy		Medium
9/4/2020	B. Riley	Lower Target		$50.00 ➝ $46.00	Low
9/4/2020	Citigroup	Lower Target	Buy	$65.00 ➝ $55.00	High
9/4/2020	MKM Partners	Lower Target	Buy	$62.00 ➝ $55.00	Medium
9/4/2020	Rosenblatt Securities	Lower Target	Buy	$64.00 ➝ $55.00	Medium
9/4/2020	Stifel Nicolaus	Lower Target	Buy	$61.00 ➝ $54.00	High
9/4/2020	Morgan Stanley	Lower Target	Positive ➝ Equal Weight	$50.00 ➝ $46.00	High
9/4/2020	Barclays	Lower Target	Positive ➝ Overweight	$67.00 ➝ $54.00	High
9/4/2020	JPMorgan Chase & Co.	Reiterated Rating	Buy	$53.00	High
7/24/2020	Wolfe Research	Initiated Coverage	Outperform		Medium
7/21/2020	Needham & Company LLC	Upgrade	Hold ➝ Buy	$65.00	High
6/29/2020	Rosenblatt Securities	Reiterated Rating	Buy	$64.00	Medium
6/24/2020	Cowen	Reiterated Rating	Buy	$73.00	Low
6/5/2020	Nomura	Boost Target	Buy	$46.00 ➝ $63.00	Low
6/5/2020	Morgan Stanley	Boost Target	Equal Weight	$47.00 ➝ $50.00	Low
6/5/2020	Stifel Nicolaus	Boost Target	Buy	$54.00 ➝ $61.00	Low
6/5/2020	Nomura Instinet	Boost Target	Buy	$46.00 ➝ $63.00	Low
6/5/2020	Rosenblatt Securities	Boost Target	Buy	$59.00 ➝ $64.00	Low
6/5/2020	Barclays	Boost Target	Overweight	$48.00 ➝ $67.00	Low
6/5/2020	Citigroup	Boost Target	Buy	$45.00 ➝ $65.00	Low
6/4/2020	Evercore ISI	Reiterated Rating	Buy	$62.00	Low
6/4/2020	Piper Sandler	Boost Target	Overweight	$50.00 ➝ $62.00	Low
6/4/2020	Northland Securities	Downgrade	Outperform ➝ Market Perform	$54.00	Low
6/2/2020	Needham & Company LLC	Initiated Coverage	Hold		Low
6/1/2020	Cowen	Boost Target	Outperform	$58.00 ➝ $69.00	Medium
5/29/2020	Raymond James	Boost Target	Outperform	$51.00 ➝ $61.00	High
5/26/2020	Rosenblatt Securities	Boost Target	In-Line ➝ Buy	$51.00 ➝ $59.00	High
5/22/2020	MKM Partners	Boost Target	Buy	$54.00 ➝ $62.00	Low
5/13/2020	B. Riley	Downgrade	Buy ➝ Neutral	$54.00 ➝ $51.00	Low
4/16/2020	Morgan Stanley	Downgrade	Overweight ➝ Equal Weight	$47.00	High
4/2/2020	Piper Sandler	Reiterated Rating	Buy	$50.00	High
3/30/2020	Nomura Securities	Lower Target	Buy	$50.00 ➝ $46.00	Medium
3/19/2020	Morgan Stanley	Lower Target	Overweight	$50.00 ➝ $45.00	High
3/6/2020	MKM Partners	Boost Target	Buy	$53.00 ➝ $54.00	Medium
3/6/2020	B. Riley	Boost Target	Buy	$51.00 ➝ $54.00	Medium
3/5/2020	Rosenblatt Securities	Boost Target	Buy	$47.00 ➝ $51.00	High
3/3/2020	Cowen	Reiterated Rating	Buy	$54.00	N/A
2/21/2020	Nomura Securities	Boost Target	Buy	$47.00 ➝ $50.00	Low
1/8/2020	Morgan Stanley	Upgrade	Equal Weight ➝ Overweight	$47.00 ➝ $50.00	High
12/13/2019	Dougherty & Co	Boost Target	Buy	$40.00 ➝ $48.00	Low
12/13/2019	Nomura Securities	Boost Target	Buy	$43.00 ➝ $47.00	High
12/13/2019	Morgan Stanley	Boost Target	Equal Weight	$43.00 ➝ $47.00	High
12/13/2019	Barclays	Boost Target	Neutral ➝ Overweight	$53.00 ➝ $56.00	High
12/12/2019	Piper Sandler Companies	Upgrade	Neutral ➝ Overweight	$46.00 ➝ $50.00	High
12/12/2019	Stifel Nicolaus	Reiterated Rating	Buy	$54.00	High
12/12/2019	Evercore ISI	Reiterated Rating	Buy	$48.00	High
12/9/2019	Needham & Company LLC	Reiterated Rating	Hold		Low
12/6/2019	UBS Group	Downgrade	Neutral ➝ Sell	$43.00 ➝ $31.00	Medium
12/2/2019	Cowen	Reiterated Rating	Buy	$54.00	Low
10/25/2019	B. Riley	Set Target	Buy	$56.00	N/A
10/2/2019	Nomura Securities	Reiterated Rating	Buy	$47.00 ➝ $43.00	Medium
9/18/2019	MKM Partners	Set Target	Buy	$51.00	Low
9/11/2019	Evercore ISI	Initiated Coverage	Outperform	$48.00 ➝ $48.00	Low
9/6/2019	Piper Sandler Companies	Set Target	Hold	$46.00	Low
9/6/2019	Stifel Nicolaus	Set Target	Buy	$54.00	Low
9/6/2019	MKM Partners	Lower Target	Buy	$51.00	Low
9/6/2019	JPMorgan Chase & Co.	Lower Target	Overweight	$53.00 ➝ $50.00	N/A
9/6/2019	B. Riley	Boost Target	Buy	$55.00 ➝ $56.00	N/A
9/6/2019	Morgan Stanley	Boost Target	Equal Weight	$41.00 ➝ $43.00	N/A
9/6/2019	UBS Group	Lower Target	Neutral	$46.00 ➝ $43.00	N/A
9/6/2019	Nomura Securities	Lower Target	Overweight ➝ Buy	$52.00 ➝ $47.00	Low
9/6/2019	Barclays	Boost Target	Overweight	$50.00 ➝ $53.00	Low
9/3/2019	Needham & Company LLC	Reiterated Rating	Hold		Low
8/30/2019	Stifel Nicolaus	Set Target	Buy	$54.00	Low
8/29/2019	Rosenblatt Securities	Upgrade	Neutral ➝ Buy	$45.00 ➝ $47.00	Low
8/21/2019	Nomura Securities	Reiterated Rating	Buy	$50.00 ➝ $50.00	Low
8/7/2019	Barclays	Initiated Coverage	Overweight ➝ Overweight	$50.00 ➝ $50.00	High
6/7/2019	Morgan Stanley	Set Target	Hold	$41.00	Medium
6/7/2019	MKM Partners	Boost Target	Buy	$54.00	Low
6/7/2019	B. Riley	Boost Target	Buy	$48.00 ➝ $55.00	Low
6/7/2019	Nomura Securities	Boost Target	Buy	$50.00 ➝ $52.00	Low
6/7/2019	Raymond James	Boost Target	Outperform	$48.00 ➝ $53.00	Low
6/7/2019	Jefferies Financial Group	Boost Target	Buy	$50.00 ➝ $55.00	Low
6/7/2019	Stifel Nicolaus	Boost Target	Buy	$46.00 ➝ $54.00	Low
6/7/2019	The Goldman Sachs Group	Boost Target	Buy	$45.00 ➝ $53.00	Low
6/7/2019	Citigroup	Boost Target	Buy	$50.00 ➝ $55.00	Low
6/6/2019	Piper Sandler Companies	Boost Target	Neutral	$41.00 ➝ $45.00	Low
6/5/2019	Northland Securities	Reiterated Rating	Buy	$42.00	Low
6/3/2019	Rosenblatt Securities	Reiterated Rating	Hold	$38.00	High

(Data available from 5/18/2019 forward)

News Sentiment Rating

1.04 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

12 very positive mentions
5 positive mentions
1 negative mentions
0 very negative mentions

Mentions as of

10/21/2023

4 very positive mentions
7 positive mentions
0 negative mentions
0 very negative mentions

Mentions as of

11/20/2023

20 very positive mentions
22 positive mentions
1 negative mentions
1 very negative mentions

Mentions as of

12/20/2023

12 very positive mentions
6 positive mentions
2 negative mentions
0 very negative mentions

Mentions as of

1/19/2024

21 very positive mentions
10 positive mentions
0 negative mentions
0 very negative mentions

Mentions as of

2/18/2024

23 very positive mentions
26 positive mentions
6 negative mentions
1 very negative mentions

Mentions as of

3/19/2024

22 very positive mentions
16 positive mentions
0 negative mentions
0 very negative mentions

Mentions as of

4/18/2024

18 very positive mentions
11 positive mentions
0 negative mentions
0 very negative mentions

Mentions as of

5/18/2024

Current Sentiment

Recent Stories by Sentiment

Very Negative

No very negative mentions tracked during this time.

Negative

No negative mentions tracked during this time.

Positive

marketbeat.com
5/16/2024
Top Stocks Investing in 5G Technology (CIEN)
finance.yahoo.com
5/15/2024
IP Infusion Hosts the First Telecom Infra Project MANTRA Proof of Concept Assessing IPoDWDM Commercial Solutions Based on Open Standards
prnewswire.com
5/15/2024
Conterra Networks Launches 400Gb/s Waves Service for Carrier Clients with Ciena
sports.yahoo.com
5/11/2024
Hear them roar: Favorites shine as prep softball and baseball tournaments get under way
forbes.com
5/9/2024
MediaTek Analyst Day 2024: MediaTek’s Diversification Is On Track

Very Positive

finance.yahoo.com
12 hours ago
Insider Sale: President and CEO Gary Smith Sells 4,166 Shares of Ciena Corp (CIEN)
finance.yahoo.com
12 hours ago
Insider Sale: SVP and Chief Strategy Officer David Rothenstein Sells 3,500 Shares of Ciena Corp ...
marketbeat.com
15 hours ago
Gary B. Smith Sells 4,166 Shares of Ciena Co. (NYSE:CIEN) Stock
marketbeat.com
5/17/2024
Natixis Advisors L.P. Has $896,000 Stock Position in Ciena Co. (NYSE:CIEN)
marketbeat.com
5/14/2024
Ciena Co. (NYSE:CIEN) Holdings Boosted by BNP Paribas Financial Markets

Ciena Corporation provides hardware and software services for delivery of video, data, and voice traffic metro, aggregation, and access communications network worldwide. The company's Networking Platforms segment offers convergence of coherent optical transport, open optical networking, optical transport network switching, IP routing, and switching services. Its products include 6500 Packet-Optical Platform, Waveserver stackable interconnect system, and the 6500 Reconfigurable line system, and the 5400 family of Packet-Optical platforms, as well as 8100 coherent routing platforms; 3000 family of service delivery switches and the 5000 family of service aggregation switches, as well as 8700 Packetwave Platform and 6500 Packet Transport System. This segment also sells operating system software and enhanced software features embedded in each of its products. The company's Blue Planet Automation Software and Services segment provides multi-domain service orchestration, inventory, route optimization and analysis, multi-cloud orchestration, and unified assurance and analytics services. Its Platform Software and Service segment offers MCP domain controller solution, and OneControl unified management system, as well as planning tools. The company's Global Services segment provides maintenance support and training, installation and deployment, and consulting and network design services. Ciena Corporation was incorporated in 1992 and is headquartered in Hanover, Maryland.

Today's Range

Now: $48.85

$48.79

$49.33

50 Day Range

MA: $48.06

$43.57

$51.56

52 Week Range

Now: $48.85

$39.94

$63.24

Volume

854,011 shs

Average Volume

1,884,959 shs

Market Capitalization

$7.06 billion

P/E Ratio

31.72

Dividend Yield

N/A

Beta

Frequently Asked Questions

What sell-side analysts currently cover shares of Ciena?: The following Wall Street research analysts have issued stock ratings on Ciena in the last year: B. Riley, Bank of America Co., Barclays PLC, BNP Paribas, Citigroup Inc., Evercore ISI, Jefferies Financial Group Inc., JPMorgan Chase & Co., Needham & Company LLC, Northland Securities, Raymond James, Rosenblatt Securities, Stifel Nicolaus, StockNews.com, TheStreet, and UBS Group AG.
View the latest analyst ratings for CIEN.
What is the current price target for Ciena?: 14 Wall Street analysts have set twelve-month price targets for Ciena in the last year. Their average twelve-month price target is $58.79, suggesting a possible upside of 20.3%. B. Riley has the highest price target set, predicting CIEN will reach $68.00 in the next twelve months. Northland Securities has the lowest price target set, forecasting a price of $41.00 for Ciena in the next year.
View the latest price targets for CIEN.
What is the current consensus analyst rating for Ciena?: Ciena currently has 1 sell rating, 1 hold rating, 8 buy ratings and 1 strong buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for CIEN.
What other companies compete with Ciena?: Other companies that are similar to Ciena include Fabrinet, Trump Media & Technology Group, KT, Watts Water Technologies and Science Applications International. Learn More about companies similar to Ciena.
How do I contact Ciena's investor relations team?: Ciena's physical mailing address is 7035 RIDGE ROAD, HANOVER MD, 21076. The communications equipment provider's listed phone number is (410) 694-5700 and its investor relations email address is [email protected]. The official website for Ciena is www.ciena.com. Learn More about contacing Ciena investor relations.

Ciena - CIEN Stock Price Target and Predictions

Analyst Price Target for CIEN

Current Consensus is Moderate Buy

Past Monthly Recommendations

Latest Recommendations

News Sentiment Rating

1.04 (Buy)

News Sentiment Over Time

Current Sentiment

Recent Stories by Sentiment

Very Negative

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Today's Range

50 Day Range

52 Week Range

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Frequently Asked Questions

What sell-side analysts currently cover shares of Ciena?

What is the current price target for Ciena?

What is the current consensus analyst rating for Ciena?

What other companies compete with Ciena?

How do I contact Ciena's investor relations team?