Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Ciena Corp Market Cap
From what 21 stock analysts predict, the share price for Ciena Corp (CIEN) might decrease by 5.09% in the next year. This is based on a 12-month average estimation for CIEN. Price targets go from $46 to $68. The majority of stock analysts believe CIEN is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
CIEN is a stock in Technology which has been forecasted to be worth $61.93 as an average. On the higher end, the forecast price is $68 USD by Tim Long from Barclays and on the lower end CIEN is forecasted to be $46 by Jeff Kvaal from Nomura.
These are the latest 20 analyst ratings of CIEN.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Jim Suva Citigroup | Buy | $68 | Upgrade | Sep 23, 2024 |
| Ryan Koontz Needham | Buy | $65 | Reiterates | Sep 5, 2024 |
| Tim Long Barclays | Overweight | $67 | Maintains | Sep 5, 2024 |
| Tal Liani B of A Securities | Neutral | $59 | Downgrade | Sep 5, 2024 |
| Mike Genovese Rosenblatt | Neutral | $60 | Maintains | Sep 5, 2024 |
| Meta Marshall Morgan Stanley | Overweight | $60 | Maintains | Sep 4, 2024 |
| Ruben Roy Stifel | Buy | $68 | Maintains | Sep 3, 2024 |
| Tim Savageaux Northland Capital Markets | Market Perform | $46 | Reiterates | Sep 3, 2024 |
| Ryan Koontz Needham | Buy | $65 | Maintains | Aug 22, 2024 |
| Meta Marshall Morgan Stanley | Overweight | $55 | Upgrade | Jun 12, 2024 |
| Dave Kang B. Riley Securities | Buy | $66 | Maintains | Jun 7, 2024 |
| Ryan Koontz Needham | Buy | $60 | Maintains | Jun 7, 2024 |
| Tim Long Barclays | Overweight | $55 | Maintains | Jun 7, 2024 |
| Mike Genovese Rosenblatt | Neutral | $54 | Maintains | Jun 7, 2024 |
| Simon Leopold Raymond James | Outperform | $54 | Downgrade | Jun 6, 2024 |
| Ryan Koontz Needham | Buy | $65 | Reiterates | Jun 3, 2024 |
Rosenblatt | Neutral | Downgrade | May 30, 2024 | |
| Samik Chatterjee JP Morgan | Overweight | $60 | Maintains | May 30, 2024 |
| Jim Suva Citigroup | Sell | $44 | Initiates | Apr 12, 2024 |
| Karl Ackerman Exane BNP Paribas | Outperform | $57 | Initiates | Apr 11, 2024 |
When did it IPO
1997
Staff Count
8,313
Country
United States
Sector/Industry
Technology/Communication Equipment
CEO
Mr. Gary B. Smith
Market Cap
$8.88B
In 2023, CIEN generated $4.39B in revenue, which was a increase of 20.75% from the previous year. This can be seen as a signal that CIEN's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Wed, 02 Oct 2024
Sentiment - POSITIVE
Source - GuruFocus
Summary - Ciena Corp (CIEN) shares rose 6.54% on Oct 2, reaching an intraday high of $65.95 before closing at $65.47, up from $61.45.
Why It Matters - Ciena Corp's stock surge indicates strong market confidence, potential positive earnings, or favorable news, which could attract further investment and drive future performance.
Thu, 03 Oct 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - CIEN's board has approved a $1 billion share buyback program for 2025-2027 to enhance shareholder returns.
Why It Matters - CIEN's $1 billion share buyback signals confidence in financial health and commitment to enhancing shareholder value, potentially boosting stock prices and attracting investors.
Wed, 02 Oct 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Ciena's Board of Directors has authorized a $1 billion stock repurchase program for the company's common stock.
Why It Matters - Ciena's $1 billion stock repurchase signals confidence in its financial health, potentially boosts share price, and reflects a commitment to returning value to shareholders.
Wed, 25 Sep 2024
Sentiment - NEUTRAL
Source - PRNewsWire
Summary - Lightpath and Ciena have launched the first 400 Gb/s protected optical circuit, enhancing high-availability network services while reducing power consumption by 80%.
Why It Matters - The advancement in high-availability network services with significant power savings enhances competitive positioning for Lightpath and Ciena, potentially improving profitability and attracting investment.
Mon, 23 Sep 2024
Sentiment - POSITIVE
Source - The Motley Fool
Summary - Citigroup upgraded Ciena stock from sell to buy, citing potential sales growth in 2025 despite weak telecom equipment sales expected in 2024.
Why It Matters - Citigroup's upgrade signals renewed confidence in Ciena's potential, suggesting a turnaround in sales that could boost stock performance and attract investor interest.
Mon, 23 Sep 2024
Sentiment - POSITIVE
Source - Invezz
Summary - Ciena Corp (NYSE: CIEN) stock rose 4% premarket on September 23 after Citi upgraded it from Sell to Buy and raised the price target from $44 to $68, suggesting a 30.48% upside.
Why It Matters - Ciena's double upgrade and raised price target signal strong analyst confidence, suggesting potential gains, which can attract more investors and drive further stock price appreciation.
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