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Ciena (CIEN) Stock Forecast & Price Target

$48.90
+0.14 (+0.29%)
(As of 07/15/2024 ET)

Ciena - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Consensus Price Target

$57.25
17.08% Upside
High Forecast$66.00
Average Forecast$57.25
Low Forecast$44.00
TypeCurrent Forecast
7/17/23 to 7/16/24
1 Month Ago
6/17/23 to 6/16/24
3 Months Ago
4/18/23 to 4/17/24
1 Year Ago
7/17/22 to 7/17/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
9 Buy rating(s)
9 Buy rating(s)
8 Buy rating(s)
10 Buy rating(s)
Hold
2 Hold rating(s)
2 Hold rating(s)
1 Hold rating(s)
2 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$57.25$57.38$58.79$63.63
Forecasted Upside17.08% Upside18.92% Upside19.05% Upside33.54% Upside
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CIEN Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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CIEN Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Ciena Stock vs. The Competition

TypeCienaComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.67
2.61
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside17.08% Upside130.49% Upside9.41% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/12/2024Morgan Stanley
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 UpgradeEqual Weight ➝ Overweight$53.00 ➝ $55.00+19.68%
6/7/2024Barclays
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 Lower TargetOverweight ➝ Overweight$63.00 ➝ $55.00+18.64%
6/7/2024Rosenblatt Securities
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M. Genovese
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Boost TargetNeutral ➝ Neutral$52.50 ➝ $54.00+11.23%
6/7/2024B. Riley
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 Lower TargetBuy ➝ Buy$68.00 ➝ $66.00+35.94%
6/6/2024Raymond James
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S. Leopold
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DowngradeStrong-Buy ➝ Outperform$59.00 ➝ $54.00+8.37%
6/3/2024Needham & Company LLC
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 Reiterated RatingBuy ➝ Buy$65.00 ➝ $65.00+34.94%
5/30/2024JPMorgan Chase & Co.
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 Lower TargetOverweight ➝ Overweight$67.00 ➝ $60.00+25.10%
4/12/2024Citigroup
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 Initiated CoverageSell$44.00-6.60%
4/11/2024BNP Paribas
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 Initiated CoverageOutperform$57.00+20.66%
2/23/2024Evercore ISI
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 Boost TargetOutperform ➝ Outperform$57.00 ➝ $63.00+14.03%
9/27/2023Stifel Nicolaus
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 Initiated CoverageBuy$62.00+34.64%
9/1/2023UBS Group
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 Boost TargetNeutral ➝ Neutral$48.00 ➝ $52.00+4.00%
6/16/2023Bank of America
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 Lower Target$62.00 ➝ $59.00+33.21%
6/7/2023Northland Securities
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 Lower Target$45.00 ➝ $41.00-3.89%
6/7/2023Jefferies Financial Group
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 Lower Target$65.00 ➝ $60.00+41.21%
4/5/2023Westpark Capital
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 Initiated CoverageBuy
3/30/2023Loop Capital
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 Boost TargetBuy$69.00 ➝ $71.00+38.19%
12/9/2022Cowen
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 Boost Target$71.00 ➝ $76.00+51.67%
12/9/2022MKM Partners
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Catharine Trebnick
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Boost TargetBuy ➝ Buy$58.00 ➝ $65.00+28.74%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 02:56 AM ET.

CIEN Forecast - Frequently Asked Questions

What is Ciena's forecast for 2024?

According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Ciena is $57.25, with a high forecast of $66.00 and a low forecast of $44.00.

Should I buy or sell Ciena stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last twelve months. There is currently 1 sell rating, 2 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CIEN shares.

Does Ciena's stock price have much upside?

According to analysts, Ciena's stock has a predicted upside of 18.24% based on their 12-month stock forecasts.

Has Ciena been upgraded or downgraded by Wall Street analysts recently?

Over the previous 90 days, Ciena's stock had 2 downgrades and 1 upgrade by analysts.

What analysts cover Ciena?

Ciena has been rated by research analysts at B. Riley, Barclays, JPMorgan Chase & Co., Morgan Stanley, Needham & Company LLC, Raymond James, and Rosenblatt Securities in the past 90 days.

Do Wall Street analysts like Ciena more than its competitors?

Analysts like Ciena more than other "computer and technology" companies. The consensus rating score for Ciena is 2.67 while the average consensus rating score for "computer and technology" companies is 2.61. Learn more on how CIEN compares to other companies.


This page (NYSE:CIEN) was last updated on 7/16/2024 by MarketBeat.com Staff

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