Ciena Corporation (CIEN)
NYSE: CIEN · IEX Real-Time Price · USD
49.39
-0.26 (-0.52%)
At close: Jul 19, 2024, 4:00 PM
49.41
+0.02 (0.04%)
After-hours: Jul 20, 2024, 12:57 PM EDT
Ciena Stock Forecast
Stock Price Forecast
The 13 analysts with 12-month price forecasts for Ciena stock have an average target of 57.46, with a low estimate of 44 and a high estimate of 66. The average target predicts an increase of 16.34% from the current stock price of 49.39.
Analyst Consensus: Buy
* Price targets were last updated on Jun 12, 2024.
Analyst Ratings
The average analyst rating for Ciena stock from 13 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 7 | 7 | 6 | 5 | 4 | 4 |
| Buy | 3 | 3 | 4 | 4 | 6 | 6 |
| Hold | 3 | 3 | 3 | 4 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 1 | 1 | 1 | 1 |
| Total | 13 | 13 | 14 | 14 | 13 | 13 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Hold → Buy Upgrades $53 → $55 | Hold → Buy | Upgrades | $53 → $55 | +11.36% | Jun 12, 2024 |
| Barclays | Barclays | Buy Maintains $63 → $55 | Buy | Maintains | $63 → $55 | +11.36% | Jun 7, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $68 → $66 | Strong Buy | Maintains | $68 → $66 | +33.63% | Jun 7, 2024 |
| Rosenblatt | Rosenblatt | Hold Maintains $53 → $54 | Hold | Maintains | $53 → $54 | +9.33% | Jun 7, 2024 |
| Needham | Needham | Strong Buy Maintains $65 → $60 | Strong Buy | Maintains | $65 → $60 | +21.48% | Jun 7, 2024 |
Financial Forecast
Revenue This Year
4.08B
from 4.39B
Decreased by -7.01%
Revenue Next Year
4.40B
from 4.08B
Increased by 7.94%
EPS This Year
2.01
from 1.71
Increased by 17.34%
EPS Next Year
2.92
from 2.01
Increased by 45.58%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 4.2B | 4.6B | 5.6B |
| Avg | 4.1B | 4.4B | 4.8B |
| Low | 3.9B | 4.2B | 4.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -3.9% | 13.7% | 26.9% |
| Avg | -7.0% | 7.9% | 8.6% |
| Low | -11.2% | 2.3% | 0.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.21 | 3.47 | 4.88 |
| Avg | 2.01 | 2.92 | 3.68 |
| Low | 1.78 | 2.36 | 2.97 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 28.9% | 72.7% | 67.1% |
| Avg | 17.3% | 45.6% | 25.8% |
| Low | 4.3% | 17.7% | 1.5% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.