Ciena Corporation (CIEN)
NYSE: CIEN · Real-Time Price · USD
66.58
-0.64 (-0.95%)
Nov 18, 2024, 4:00 PM EST - Market closed
Ciena Stock Forecast
Stock Price Forecast
The 14 analysts with 12-month price forecasts for Ciena stock have an average target of 63.21, with a low estimate of 46 and a high estimate of 75. The average target predicts a decrease of -5.06% from the current stock price of 66.58.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Ciena stock from 14 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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 5 | 5 | 5 |
| Buy | 6 | 6 | 6 | 6 | 2 | 2 |
| Hold | 2 | 2 | 2 | 3 | 7 | 7 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 1 | 1 | 1 | 0 | 0 | 0 |
| Total | 13 | 13 | 13 | 14 | 14 | 14 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Buy → Hold Downgrades $63 | Buy → Hold | Downgrades | $63 | -5.38% | Oct 28, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy → Hold Downgrades $65 | Buy → Hold | Downgrades | $65 | -2.37% | Oct 15, 2024 |
| Exane BNP Paribas | Exane BNP Paribas | Buy → Hold Downgrades $67 | Buy → Hold | Downgrades | $67 | +0.63% | Oct 9, 2024 |
| Stifel | Stifel | Strong Buy Maintains $68 → $75 | Strong Buy | Maintains | $68 → $75 | +12.65% | Oct 9, 2024 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $60 → $63 | Buy | Maintains | $60 → $63 | -5.38% | Oct 9, 2024 |
Financial Forecast
Revenue This Year
4.07B
from 4.39B
Decreased by -7.13%
Revenue Next Year
4.39B
from 4.07B
Increased by 7.71%
EPS This Year
1.98
from 1.71
Increased by 15.55%
EPS Next Year
2.78
from 1.98
Increased by 40.64%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 4.2B | 4.6B | 4.9B |
| Avg | 4.1B | 4.4B | 4.7B |
| Low | 3.9B | 4.2B | 4.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -3.9% | 13.7% | 12.6% |
| Avg | -7.1% | 7.7% | 6.4% |
| Low | -11.0% | 1.9% | 0.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.15 | 3.31 | 3.91 |
| Avg | 1.98 | 2.78 | 3.49 |
| Low | 1.85 | 2.32 | 2.95 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 25.8% | 67.4% | 40.6% |
| Avg | 15.5% | 40.6% | 25.6% |
| Low | 8.3% | 17.6% | 6.1% |
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.