Ciena (CIEN)
(Delayed Data from NYSE)
$51.27 USD
+0.80 (1.59%)
Updated Jul 23, 2024 04:00 PM ET
After-Market: $51.24 -0.03 (-0.06%) 6:18 PM ET
5-Strong Sell of 5 5
C Value B Growth F Momentum C VGM
Ciena (CIEN) Price Targets
Average Price Target | Highest Price Target | Lowest Price Target | Upside to Average Price Target |
---|---|---|---|
$56.63 | $66.00 | $44.00 | 12.21% |
Price Target
Based on short-term price targets offered by 15 analysts, the average price target for Ciena comes to $56.63. The forecasts range from a low of $44.00 to a high of $66.00. The average price target represents an increase of 12.21% from the last closing price of $50.47.
Analyst Price Targets (15)
Broker Rating
Ciena currently has an average brokerage recommendation (ABR) of 1.83 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 15 brokerage firms. The current ABR compares to an ABR of 1.83 a month ago based on 15 recommendations.
Of the 15 recommendations deriving the current ABR, eight are Strong Buy and three are Buy. Strong Buy and Buy respectively account for 53.33% and 20% of all recommendations. A month ago, Strong Buy made up 53.33%, while Buy represented 20%.
Broker Rating Breakdown
![Broker Rating Visualization](https://widget3.zacks.com/images/charts/bar/brokerage/bar/CIEN.png)
Brokerage Recommendations
Today | 1 Week Ago | 1 Month Ago | 2 Months Ago | 3 Months Ago | |
---|---|---|---|---|---|
Strong Buy | 8 | 8 | 8 | 9 | 10 |
Buy | 3 | 3 | 3 | 1 | 1 |
Hold | 3 | 3 | 3 | 4 | 3 |
Sell | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 1 | 1 | 1 | 1 | 1 |
ABR | 1.83 | 1.83 | 1.83 | 1.87 | 1.73 |
1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.
2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.
Analyst Upgrades/Downgrades
Date | Brokerage Firm | Analyst | Previous | Current |
---|---|---|---|---|
6/30/2024 | UBS | David Vogt | Hold | Hold |
6/7/2024 | Not Identified | Not Identified | Strong Buy | Strong Buy |
6/7/2024 | Needham & Company | Bruce A Henderson | Moderate Buy | Moderate Buy |
6/6/2024 | Not Identified | Not Identified | Strong Buy | Strong Buy |
6/6/2024 | B. Riley Securities | Dave Kang | Strong Buy | Strong Buy |
6/6/2024 | Not Identified | Not Identified | Strong Buy | Strong Buy |
6/6/2024 | Raymond James | Simon M Leopold | Strong Buy | Moderate Buy |
5/30/2024 | Rosenblatt Securities | Michael E Genovese | Strong Buy | Hold |
4/12/2024 | Not Identified | Not Identified | Not Available | Strong Sell |
4/11/2024 | Exane BNP Paribas | Karl Ackerman | Not Available | Strong Buy |
3/4/2024 | Northland Capital Markets | Tim Savageaux | Hold | Hold |
2/23/2024 | Evercore Partners | Amit Daryanani | Strong Buy | Strong Buy |
1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.
2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.
Average Brokerage Rating
Current ABR | 1.83 |
ABR (Last week) | 1.83 |
# of Recs in ABR | 15 |
Average Target Price | $56.63 |
LT Growth Rate | 8.40% |
Industry | Fiber Optics |
Industry Rank by ABR | 250 of 252 |
Current Quarter EPS Est: | 0.26 |