Ciena (CIEN) Stock Forecast & Price Target

$51.16

-1.27 (-2.42%)

(As of 09/6/2024 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

Moderate Buy
Based on 13 Analyst Ratings

Based on 13 Wall Street analysts who have issued ratings for Ciena in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 13 analysts, 1 has given a sell rating, 3 have given a hold rating, and 9 have given a buy rating for CIEN.

Consensus Price Target

$59.15
15.63% Upside

High Forecast	$68.00
Average Forecast	$59.15
Low Forecast	$44.00

According to the 13 analysts' twelve-month price targets for Ciena, the average price target is $59.15. The highest price target for CIEN is $68.00, while the lowest price target for CIEN is $44.00. The average price target represents a forecasted upside of 15.63% from the current price of $51.16.

Type	Current Forecast 9/8/23 to 9/7/24	1 Month Ago 8/9/23 to 8/8/24	3 Months Ago 6/10/23 to 6/9/24	1 Year Ago 9/8/22 to 9/8/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	9 Buy rating(s)	9 Buy rating(s)	8 Buy rating(s)	8 Buy rating(s)
Hold	3 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	3 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$59.15	$57.25	$57.58	$61.35
Forecasted Upside	15.63% Upside	18.24% Upside	18.84% Upside	27.89% 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.

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.

Ciena Stock vs. The Competition

Type	Ciena	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.62	2.64	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	15.59% Upside	204.78% Upside	11.35% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/5/2024	Rosenblatt Securities 3 of 5 stars	M. Genovese Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$54.00 ➝ $60.00	+13.27%
9/5/2024	Bank of America 4 of 5 stars		Reiterated Rating	Buy ➝ Neutral	$59.00	+11.38%
9/5/2024	Barclays 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$55.00 ➝ $67.00	+23.23%
9/5/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Koontz Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$65.00 ➝ $65.00	+18.33%
9/4/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$55.00 ➝ $60.00	+8.24%
9/3/2024	Northland Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Perform ➝ Market Perform	$46.00 ➝ $46.00	-19.83%
Get the Latest News and Ratings for CIEN and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Ciena and its competitors with MarketBeat's FREE daily newsletter.
9/3/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$62.00 ➝ $68.00	+17.95%
6/7/2024	B. Riley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$68.00 ➝ $66.00	+35.94%
6/6/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Leopold Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Outperform	$59.00 ➝ $54.00	+8.37%
5/30/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$67.00 ➝ $60.00	+25.10%
4/12/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sell	$44.00	-6.60%
4/11/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$57.00	+20.66%
2/23/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$57.00 ➝ $63.00	+14.03%
9/1/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$48.00 ➝ $52.00	+4.00%
6/7/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$65.00 ➝ $60.00	+41.21%
4/5/2023	Westpark Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy
3/30/2023	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$69.00 ➝ $71.00	+38.19%
12/9/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$71.00 ➝ $76.00	+51.67%
12/9/2022	MKM Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating	Catharine Trebnick Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ 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 Saturday at 08:11 PM ET.

CIEN Forecast - Frequently Asked Questions

What is Ciena's forecast for 2024?: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Ciena is $59.15, with a high forecast of $68.00 and a low forecast of $44.00.
Should I buy or sell Ciena stock right now?: 13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last year. There is currently 1 sell rating, 3 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 12.82% based on their 12-month stock forecasts.
Has Ciena been upgraded by Wall Street analysts recently?: Over the previous 90 days, Ciena's stock had 1 upgrade by analysts.
What analysts cover Ciena?: Ciena has been rated by research analysts at Bank of America, Barclays, Morgan Stanley, Needham & Company LLC, Northland Securities, Rosenblatt Securities, and Stifel Nicolaus in the past 90 days.
Do Wall Street analysts like Ciena more than its competitors?: Analysts like Ciena less than other "computer and technology" companies. The consensus rating score for Ciena is 2.62 while the average consensus rating score for "computer and technology" companies is 2.64. Learn more on how CIEN compares to other companies.