Ciena (CIEN) Stock Forecast & Price Target

$64.63

-0.69 (-1.06%)

(As of 10/30/2024 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

Hold

Based on 13 Analyst Ratings

Sell
0

Hold
7

Buy
6

Based on 13 Wall Street analysts who have issued ratings for Ciena in the last 12 months, the stock has a consensus rating of "Hold." Out of the 13 analysts, 7 have given a hold rating, and 6 have given a buy rating for CIEN.

Consensus Price Target

$63.08
-2.40% Downside

According to the 13 analysts' twelve-month price targets for Ciena, the average price target is $63.08. The highest price target for CIEN is $75.00, while the lowest price target for CIEN is $46.00. The average price target represents a forecasted downside of -2.40% from the current price of $64.63.

CIEN Analyst Ratings Over Time

Type	Current Forecast 11/1/23 to 10/31/24	1 Month Ago 10/2/23 to 10/1/24	3 Months Ago 8/3/23 to 8/2/24	1 Year Ago 11/1/22 to 11/1/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	6 Buy rating(s)	10 Buy rating(s)	9 Buy rating(s)	9 Buy rating(s)
Hold	7 Hold rating(s)	3 Hold rating(s)	2 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$63.08	$61.00	$57.25	$61.39
Forecasted Upside	-2.40% Downside	-0.73% Downside	19.00% Upside	44.99% Upside
Consensus Rating	Hold	Moderate Buy	Moderate Buy	Moderate Buy

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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	2.46	2.67	2.50
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	-2.40% Downside	623.38% Upside	9.18% Upside
News Sentiment Rating	Neutral News See Recent CIEN News	Positive 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
10/28/2024	Morgan Stanley 3 of 5 stars		Downgrade	Overweight ➝ Equal Weight	$63.00 ➝ $63.00	-1.75%
10/15/2024	Evercore ISI 2 of 5 stars	A. Daryanani Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ In-Line	$65.00 ➝ $65.00	-4.03%
10/9/2024	Stifel Nicolaus 4 of 5 stars		Boost Target	Buy ➝ Buy	$68.00 ➝ $75.00	+14.94%
10/9/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Ackerman Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Neutral	$59.00 ➝ $67.00	+2.68%
10/7/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Neutral	$65.00	-2.53%
9/23/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Malik Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sell ➝ Buy	$44.00 ➝ $68.00	+15.78%
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9/5/2024	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	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 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Neutral	$59.00	+11.38%
9/5/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		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%
9/3/2024	Northland Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Perform ➝ Market Perform	$46.00 ➝ $46.00	-19.83%
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%
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 Thursday at 05:22 AM ET.

CIEN Forecast - Frequently Asked Questions

: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Ciena is $63.08, with a high forecast of $75.00 and a low forecast of $46.00.
: 13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last twelve months. There are currently 7 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CIEN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CIEN, but not buy additional shares or sell existing shares.
: According to analysts, Ciena's stock has a predicted downside of -2.40% based on their 12-month stock forecasts.
: Over the previous 90 days, Ciena's stock had 4 downgrades and 1 upgrade by analysts.
: Ciena has been rated by research analysts at Bank of America, Barclays, BNP Paribas, Citigroup, Evercore ISI, JPMorgan Chase & Co., Morgan Stanley, Needham & Company LLC, Northland Securities, Rosenblatt Securities, and Stifel Nicolaus in the past 90 days.
: Analysts like Ciena less than other "computer and technology" companies. The consensus rating for Ciena is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how CIEN compares to other companies.

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This page (NYSE:CIEN) was last updated on 10/31/2024 by MarketBeat.com Staff

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Ciena (CIEN) Stock Forecast & Price Target