Ciena
(NYSE:CIEN)
$44.25
0.33[0.75%]
Last update: 12:19PM Get Real Time Here
Consensus Rating1
Buy
Highest Price Target1
$71.00
Lowest Price Target1
$41.00
Consensus Price Target1
$60.67

Ciena Stock (NYSE:CIEN), Analyst Ratings, Price Targets, Predictions

Ciena Corp has a consensus price target of $60.67, established from looking at the 88 latest analyst ratings. The last 3 analyst ratings were released from Citigroup, Exane BNP Paribas, and Rosenblatt on April 12, 2024, April 11, 2024, and March 8, 2024. With an average price target of $55.33 between Citigroup, Exane BNP Paribas, and Rosenblatt, there's an implied 28.03% upside for Ciena Corp from these 3 analyst ratings.

Analyst Trend
1
Jan
1
Feb
5
Mar
1
1
Apr
Buy
Hold
Sell
Strong Sell
Analyst Rating
12345
3.6
Buy
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

Citigroup
Exane BNP Paribas
Rosenblatt
Barclays
Needham

1calculated from analyst ratings published within the last 3 years

Analyst Ratings for Ciena

date
ticker
Buy Now
Company
Current price
Upside/Downside
Analyst Firm
Analyst & % Accurate
Price Target Change
Rating Change
Previous / Current Rating
Get Alert
04/12/2024CIENBuy Now
Ciena
$43.221.81%Citigroup
Jim Suva
→ $44Initiates → SellGet Alert
04/11/2024CIENBuy Now
Ciena
$43.2231.89%Exane BNP Paribas
Karl Ackerman
→ $57Initiates → OutperformGet Alert
03/08/2024CIENBuy Now
Ciena
$43.2250.4%Rosenblatt
Mike Genovese
→ $65ReiteratesBuy → BuyGet Alert
03/08/2024CIENBuy Now
Ciena
$43.2245.77%Barclays
Tim Long
$60 → $63MaintainsOverweightGet Alert
03/08/2024CIENBuy Now
Ciena
$43.2250.4%Needham
Alex Henderson
→ $65ReiteratesBuy → BuyGet Alert
03/05/2024CIENBuy Now
Ciena
$43.2255.03%JP Morgan
Samik Chatterjee
$56 → $67MaintainsOverweightGet Alert
03/04/2024CIENBuy Now
Ciena
$43.2250.4%Needham
Alex Henderson
$60 → $65MaintainsBuyGet Alert
02/23/2024CIENBuy Now
Ciena
$43.2245.77%Evercore ISI Group
Amit Daryanani
$57 → $63MaintainsOutperformGet Alert
01/12/2024CIENBuy Now
Ciena
$43.2231.89%Evercore ISI Group
Amit Daryanani
$52 → $57UpgradeIn-Line → OutperformGet Alert
12/28/2023CIENBuy Now
Ciena
$43.2238.83%Needham
Alex Henderson
→ $60ReiteratesBuy → BuyGet Alert
12/08/2023CIENBuy Now
Ciena
$43.2257.34%B. Riley Securities
Dave Kang
$67 → $68MaintainsBuyGet Alert
12/08/2023CIENBuy Now
Ciena
$43.2250.4%Rosenblatt
Mike Genovese
→ $65ReiteratesBuy → BuyGet Alert
12/08/2023CIENBuy Now
Ciena
$43.2238.83%Barclays
Tim Long
$59 → $60MaintainsOverweightGet Alert
12/08/2023CIENBuy Now
Ciena
$43.2238.83%Raymond James
Simon Leopold
$63 → $60MaintainsStrong BuyGet Alert
11/28/2023CIENBuy Now
Ciena
$43.2250.4%Rosenblatt
Mike Genovese
→ $65ReiteratesBuy → BuyGet Alert
11/28/2023CIENBuy Now
Ciena
$43.2238.83%Needham
Alex Henderson
→ $60ReiteratesBuy → BuyGet Alert
09/28/2023CIENBuy Now
Ciena
$43.2243.46%Stifel
Ruben Roy
→ $62Initiates → BuyGet Alert
09/01/2023CIENBuy Now
Ciena
$43.2220.32%UBS
David Vogt
$48 → $52MaintainsNeutralGet Alert
09/01/2023CIENBuy Now
Ciena
$43.2220.32%Evercore ISI Group
Amit Daryanani
$47 → $52MaintainsIn-LineGet Alert

FAQ

Q

What is the target price for Ciena (CIEN)?

A

The latest price target for Ciena (NYSE: CIEN) was reported by Citigroup on April 12, 2024. The analyst firm set a price target for $44.00 expecting CIEN to fall to within 12 months (a possible -0.56% downside). 38 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Ciena (CIEN)?

A

The latest analyst rating for Ciena (NYSE: CIEN) was provided by Citigroup, and Ciena initiated their sell rating.

Q

When was the last upgrade for Ciena (CIEN)?

A

The last upgrade for Ciena Corp happened on January 12, 2024 when Evercore ISI Group raised their price target to $57. Evercore ISI Group previously had an in-line for Ciena Corp.

Q

When was the last downgrade for Ciena (CIEN)?

A

The last downgrade for Ciena Corp happened on March 29, 2023 when Morgan Stanley changed their price target from $59 to $57 for Ciena Corp.

Q

When is the next analyst rating going to be posted or updated for Ciena (CIEN)?

A

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Ciena, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Ciena was filed on April 12, 2024 so you should expect the next rating to be made available sometime around April 12, 2025.

Q

Is the Analyst Rating Ciena (CIEN) correct?

A

While ratings are subjective and will change, the latest Ciena (CIEN) rating was a initiated with a price target of $0.00 to $44.00. The current price Ciena (CIEN) is trading at is $44.25, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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