Ciena Corporation (CIEN)

Ciena Stock Forecast

Stock Price Forecast

The 14 analysts with 12-month price forecasts for Ciena stock have an average target of 77.07, with a low estimate of 54 and a high estimate of 98. The average target predicts a decrease of -11.80% from the current stock price of 87.38.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$54	$77.07	$67	$98
Change	-38.20%	-11.80%	-23.32%	+12.15%

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	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24
Strong Buy	4	4	5	5	5	6
Buy	6	6	6	2	2	2
Hold	2	2	3	7	7	6
Sell	0	0	0	0	0	0
Strong Sell	1	1	0	0	0	0
Total	13	13	14	14	14	14

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Jim Suva Citigroup	Citigroup	Strong Buy Maintains $84 → $98	Strong Buy	Maintains	$84 → $98	+12.15%	Dec 13, 2024
Tim Long Barclays	Barclays	Buy Maintains $67 → $97	Buy	Maintains	$67 → $97	+11.01%	Dec 13, 2024
Mike Genovese Rosenblatt	Rosenblatt	Hold Maintains $75 → $94	Hold	Maintains	$75 → $94	+7.58%	Dec 13, 2024
Ruben Roy Stifel	Stifel	Strong Buy Maintains $82 → $95	Strong Buy	Maintains	$82 → $95	+8.72%	Dec 13, 2024
Tim Savageaux Northland Capital Markets	Northland Capital Markets	Hold Maintains $46 → $60	Hold	Maintains	$46 → $60	-31.33%	Dec 13, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

4.48B

Increased by 11.63%

from 4.01B

Revenue Next Year

4.88B

Increased by 8.90%

from 4.48B

EPS This Year

2.48

Increased by 327.76%

from 0.58

EPS Next Year

3.47

Increased by 40.03%

from 2.48

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Oct 31, 2020	Oct 30, 2021	Oct 29, 2022	Oct 28, 2023	Nov 2, 2024	Nov 2, 2025	Nov 2, 2026	Nov 2, 2027
Revenue	3.53B	3.62B	3.63B	4.39B	4.01B	4.48B	4.88B	5.20B
Revenue Growth	-1.12%	2.51%	0.33%	20.75%	-8.47%	11.63%	8.90%	6.52%
EPS	2.32	3.19	1.00	1.71	0.58	2.48	3.47	4.13
EPS Growth	44.10%	37.50%	-68.65%	71.00%	-66.08%	327.76%	40.03%	18.79%
Forward PE	-	-	-	-	-	35.22	25.15	21.17
No. Analysts	-	-	-	-	-	19	17	7

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027
High	4.7B	5.1B	5.5B
Avg	4.5B	4.9B	5.2B
Low	4.2B	4.5B	4.6B

Revenue Growth

Revenue Growth	2025	2026	2027
High	16.4%	14.8%	13.6%
Avg	11.6%	8.9%	6.5%
Low	4.7%	0.2%	-5.1%

EPS Forecast

EPS	2025	2026	2027
High	3.05	4.15	4.64
Avg	2.48	3.47	4.13
Low	2.22	3.04	3.39

EPS Growth

EPS Growth	2025	2026	2027
High	425.0%	67.2%	33.6%
Avg	327.8%	40.0%	18.8%
Low	283.6%	22.4%	-2.4%

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.