Ciena Corporation (CIEN)
NYSE: CIEN · IEX Real-Time Price · USD
44.72
+0.80 (1.82%)
Apr 23, 2024, 4:00 PM EDT - Market closed
Ciena Stock Forecast
Stock Price Forecast
The 14 analysts with 12-month price forecasts for Ciena stock have an average target of 58.57, with a low estimate of 41 and a high estimate of 68. The average target predicts an increase of 30.97% from the current stock price of 44.72.
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 7 | 7 | 7 | 7 | 7 | 6 |
| Buy | 2 | 2 | 3 | 3 | 3 | 4 |
| Hold | 4 | 4 | 3 | 3 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 1 |
| Total | 13 | 13 | 13 | 13 | 13 | 14 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Strong Sell Initiates $44 | Strong Sell | Initiates | $44 | -1.61% | Apr 12, 2024 |
| Exane BNP Paribas | Exane BNP Paribas | Buy Initiates $57 | Buy | Initiates | $57 | +27.46% | Apr 11, 2024 |
| Rosenblatt | Rosenblatt | Strong Buy Reiterates $65 | Strong Buy | Reiterates | $65 | +45.35% | Mar 8, 2024 |
| Barclays | Barclays | Buy Maintains $60 → $63 | Buy | Maintains | $60 → $63 | +40.88% | Mar 8, 2024 |
| Needham | Needham | Strong Buy Reiterates $65 | Strong Buy | Reiterates | $65 | +45.35% | Mar 8, 2024 |
Financial Forecast
Revenue This Year
4.21B
from 4.39B
Decreased by -3.98%
Revenue Next Year
4.54B
from 4.21B
Increased by 7.74%
EPS This Year
2.34
from 1.71
Increased by 36.81%
EPS Next Year
3.24
from 2.34
Increased by 38.63%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 4.4B | 4.8B | 5.6B |
| Avg | 4.2B | 4.5B | 4.9B |
| Low | 4.0B | 4.3B | 4.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.0% | 13.0% | 23.1% |
| Avg | -4.0% | 7.7% | 8.5% |
| Low | -9.5% | 1.4% | -0.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.73 | 3.66 | 4.88 |
| Avg | 2.34 | 3.24 | 3.92 |
| Low | 1.92 | 2.76 | 3.10 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 59.6% | 56.6% | 50.5% |
| Avg | 36.8% | 38.6% | 21.0% |
| Low | 12.3% | 18.1% | -4.5% |
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.