$43.56
-0.21[-0.48%]
At close: Apr 19
$43.56
0[0.00%]
After Hours: 4:00PM EDT
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 27.03% upside for Ciena Corp from these 3 analyst ratings.
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 04/12/2024 | CIEN | Buy Now | Ciena | $43.56 | 1.01% | Citigroup | Jim Suva | → $44 | Initiates | → Sell | Get Alert |
| 04/11/2024 | CIEN | Buy Now | Ciena | $43.56 | 30.85% | Exane BNP Paribas | Karl Ackerman | → $57 | Initiates | → Outperform | Get Alert |
| 03/08/2024 | CIEN | Buy Now | Ciena | $43.56 | 49.22% | Rosenblatt | Mike Genovese | → $65 | Reiterates | Buy → Buy | Get Alert |
| 03/08/2024 | CIEN | Buy Now | Ciena | $43.56 | 44.63% | Barclays | Tim Long | $60 → $63 | Maintains | Overweight | Get Alert |
| 03/08/2024 | CIEN | Buy Now | Ciena | $43.56 | 49.22% | Needham | Alex Henderson | → $65 | Reiterates | Buy → Buy | Get Alert |
| 03/05/2024 | CIEN | Buy Now | Ciena | $43.56 | 53.81% | JP Morgan | Samik Chatterjee | $56 → $67 | Maintains | Overweight | Get Alert |
| 03/04/2024 | CIEN | Buy Now | Ciena | $43.56 | 49.22% | Needham | Alex Henderson | $60 → $65 | Maintains | Buy | Get Alert |
| 02/23/2024 | CIEN | Buy Now | Ciena | $43.56 | 44.63% | Evercore ISI Group | Amit Daryanani | $57 → $63 | Maintains | Outperform | Get Alert |
| 01/12/2024 | CIEN | Buy Now | Ciena | $43.56 | 30.85% | Evercore ISI Group | Amit Daryanani | $52 → $57 | Upgrade | In-Line → Outperform | Get Alert |
| 12/28/2023 | CIEN | Buy Now | Ciena | $43.56 | 37.74% | Needham | Alex Henderson | → $60 | Reiterates | Buy → Buy | Get Alert |
| 12/08/2023 | CIEN | Buy Now | Ciena | $43.56 | 56.11% | B. Riley Securities | Dave Kang | $67 → $68 | Maintains | Buy | Get Alert |
| 12/08/2023 | CIEN | Buy Now | Ciena | $43.56 | 49.22% | Rosenblatt | Mike Genovese | → $65 | Reiterates | Buy → Buy | Get Alert |
| 12/08/2023 | CIEN | Buy Now | Ciena | $43.56 | 37.74% | Barclays | Tim Long | $59 → $60 | Maintains | Overweight | Get Alert |
| 12/08/2023 | CIEN | Buy Now | Ciena | $43.56 | 37.74% | Raymond James | Simon Leopold | $63 → $60 | Maintains | Strong Buy | Get Alert |
| 11/28/2023 | CIEN | Buy Now | Ciena | $43.56 | 49.22% | Rosenblatt | Mike Genovese | → $65 | Reiterates | Buy → Buy | Get Alert |
| 11/28/2023 | CIEN | Buy Now | Ciena | $43.56 | 37.74% | Needham | Alex Henderson | → $60 | Reiterates | Buy → Buy | Get Alert |
| 09/28/2023 | CIEN | Buy Now | Ciena | $43.56 | 42.33% | Stifel | Ruben Roy | → $62 | Initiates | → Buy | Get Alert |
| 09/01/2023 | CIEN | Buy Now | Ciena | $43.56 | 19.38% | UBS | David Vogt | $48 → $52 | Maintains | Neutral | Get Alert |
| 09/01/2023 | CIEN | Buy Now | Ciena | $43.56 | 19.38% | Evercore ISI Group | Amit Daryanani | $47 → $52 | Maintains | In-Line | Get Alert |
FAQ
What is the target price for Ciena (CIEN)?
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 rise to within 12 months (a possible 1.01% upside). 38 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Ciena (CIEN)?
The latest analyst rating for Ciena (NYSE: CIEN) was provided by Citigroup, and Ciena initiated their sell rating.
When was the last upgrade for Ciena (CIEN)?
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.
When was the last downgrade for Ciena (CIEN)?
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.
When is the next analyst rating going to be posted or updated for Ciena (CIEN)?
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.
Is the Analyst Rating Ciena (CIEN) correct?
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 $43.56, which is within the analyst’s predicted range.
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