Ciena (CIEN)
(Delayed Data from NYSE)
$46.61 USD
+0.93 (2.04%)
Updated Apr 26, 2024 04:00 PM ET
After-Market: $46.62 +0.01 (0.02%) 7:58 PM ET
4-Sell of 5 4
C Value D Growth D Momentum D VGM
Ciena (CIEN) Price Targets
Average Price Target | Highest Price Target | Lowest Price Target | Upside to Average Price Target |
---|---|---|---|
$58.80 | $68.00 | $42.50 | 28.72% |
Price Target
Based on short-term price targets offered by 15 analysts, the average price target for Ciena comes to $58.80. The forecasts range from a low of $42.50 to a high of $68.00. The average price target represents an increase of 28.72% from the last closing price of $45.68.
Analyst Price Targets (15)
Broker Rating
Ciena currently has an average brokerage recommendation (ABR) of 1.73 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 1.54 a month ago based on 13 recommendations.
Of the 15 recommendations deriving the current ABR, 10 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 66.67% and 6.67% of all recommendations. A month ago, Strong Buy made up 69.23%, while Buy represented 7.69%.
Broker Rating Breakdown
Brokerage Recommendations
Today | 1 Week Ago | 1 Month Ago | 2 Months Ago | 3 Months Ago | |
---|---|---|---|---|---|
Strong Buy | 10 | 10 | 9 | 9 | 9 |
Buy | 1 | 1 | 1 | 1 | 1 |
Hold | 3 | 3 | 3 | 3 | 3 |
Sell | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 1 | 1 | 0 | 0 | 0 |
ABR | 1.73 | 1.73 | 1.54 | 1.54 | 1.54 |
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 |
---|---|---|---|---|
4/11/2024 | Exane BNP Paribas | Karl Ackerman | Not Available | Strong Buy |
3/8/2024 | Rosenblatt Securities | Michael E Genovese | Strong Buy | Strong Buy |
3/4/2024 | Northland Capital Markets | Tim Savageaux | Hold | Hold |
3/4/2024 | Needham & Company | Bruce A Henderson | Moderate Buy | Moderate Buy |
2/23/2024 | Evercore Partners | Amit Daryanani | Strong Buy | Strong Buy |
12/8/2023 | B. Riley Securities | Dave Kang | Strong Buy | Strong Buy |
10/8/2023 | Raymond James | Simon M Leopold | 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 | 1.73 |
ABR (Last week) | 1.73 |
# of Recs in ABR | 15 |
Average Target Price | $58.80 |
LT Growth Rate | 15.00% |
Industry | Fiber Optics |
Industry Rank by ABR | 245 of 252 |
Current Quarter EPS Est: | 0.15 |