Ciena Corp
NYSE:CIEN

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Ciena Corp
NYSE:CIEN
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Price: 71.4 USD 0.66% Market Closed
Market Cap: 10.3B USD
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Wall Street
Price Targets

CIEN Price Targets Summary
Ciena Corp

Wall Street analysts forecast CIEN stock price to drop over the next 12 months.

According to Wall Street analysts, the average 1-year price target for CIEN is 66.3 USD with a low forecast of 46.46 USD and a high forecast of 84 USD.

Lowest
Price Target
46.46 USD
35% Downside
Average
Price Target
66.3 USD
7% Downside
Highest
Price Target
84 USD
18% Upside

CIEN Last Price Targets
Ciena Corp

The latest public price target was made on Oct 9, 2024 by Karl Ackerman from BNP Paribas , who expects CIEN stock to drop by 6% over the next 12 months. You can read more about this price target by viewing the article on TheFly.

Analyst Price Target Date Article
Karl Ackerman
BNP Paribas
67 USD
Downside 6%
1 month ago
Oct 9, 2024
Ciena downgraded to Neutral from Outperform at Exane BNP Paribas
TheFly
Ruben Roy
Stifel Nicolaus
75 USD
Upside 5%
1 month ago
Oct 9, 2024
Ciena price target raised to $75 from $68 at Stifel
TheFly
Samik Chatterjee
J.P. Morgan
65 USD
Downside 9%
1 month ago
Oct 7, 2024
Ciena Downgraded: Analyst Cites Telco Spending Slump And Margins Squeeze
Benzinga
Atif Malik
Citigroup
68 USD
Downside 5%
1 month ago
Sep 23, 2024
Citi Upgrades CIENA (CIEN) to Buy
StreetInsider
Tal Liani
Bank of America Securities
59 USD
Downside 17%
2 months ago
Sep 5, 2024
Ciena downgraded to Neutral at BofA on risk to estimates
TheFly
Mike Genovese
Rosenblatt Securities
60 USD
Downside 16%
2 months ago
Sep 5, 2024
CIENA (CIEN) PT Raised to $60 at Rosenblatt
StreetInsider
Tim Long
Barclays
67 USD
Downside 6%
2 months ago
Sep 4, 2024
CIENA (CIEN) PT Raised to $67 at Barclays, 'Webscale Continues to Be Source of Strength'
StreetInsider
Meta Marshall
Morgan Stanley
55 USD
Downside 23%
5 months ago
Jun 11, 2024
Ciena upgraded to Overweight from Equal Weight at Morgan Stanley
TheFly
Keith Snyder
CFRA
50 USD
Downside 30%
5 months ago
Jun 10, 2024
CIENA (CIEN) PT Lowered to $50 at CFRA
StreetInsider
Mike Genovese
Rosenblatt Securities
54 USD
Downside 24%
5 months ago
Jun 7, 2024
CIENA (CIEN) PT Raised to $54 at Rosenblatt
StreetInsider
Jim Kelleher
Argus Research
76 USD
Upside 6%
5 months ago
Jun 7, 2024
Argus Reiterates Buy Rating on CIENA (CIEN)
StreetInsider
Dave King
B.Riley Financial
66 USD
Downside 8%
5 months ago
Jun 7, 2024
CIENA (CIEN) PT Lowered to $66 at B.Riley
StreetInsider
Simon Leopold
Raymond James
54 USD
Downside 24%
5 months ago
Jun 6, 2024
Ciena downgraded to Outperform from Strong Buy at Raymond James
TheFly
Amit Daryanani
Evercore ISI
60 USD
Downside 16%
5 months ago
Jun 6, 2024
Evercore ISI Reiterates Outperform Rating on CIENA (CIEN)
StreetInsider
Ruben Roy
Stifel Nicolaus
62 USD
Downside 13%
5 months ago
Jun 6, 2024
Stifel Reiterates Buy Rating on CIENA (CIEN)
StreetInsider
Mike Genovese
Rosenblatt Securities
52.5 USD
Downside 26%
5 months ago
May 30, 2024
Rosenblatt Downgrades CIENA (CIEN) to Neutral
StreetInsider
Karl Ackerman
BNP Paribas
57 USD
Downside 20%
7 months ago
Apr 11, 2024
Ciena initiated with an Outperform at Exane BNP Paribas
TheFly
Alex Henderson
Needham
50 USD
Downside 30%
1 year ago
Aug 28, 2023
Analyst Cautions On Ciena's Short-Term Hiccups, But Says Long-Term Growth Prospects Outweigh
Benzinga
Alex Henderson
Needham
60 USD
Downside 16%
1 year ago
Jun 7, 2023
Ciena's Stock Poised For Double-Digit Growth As Demand Outweighs Supply Constraints, Says Analyst
Benzinga
Alex Henderson
Needham
70 USD
Downside 2%
1 year ago
Mar 7, 2023
Ciena Gets Price Target Bumps By Analysts Following Strong Earnings
Benzinga
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Karl Ackerman
BNP Paribas
Price Target 67 USD
Upside/Downside 6%
View Source
Ruben Roy
Stifel Nicolaus
Price Target 75 USD
Upside/Downside 5%
View Source
Samik Chatterjee
J.P. Morgan
Price Target 65 USD
Upside/Downside 9%
View Source
Atif Malik
Citigroup
Price Target 68 USD
Upside/Downside 5%
View Source
Tal Liani
Bank of America Securities
Price Target 59 USD
Upside/Downside 17%
View Source
Mike Genovese
Rosenblatt Securities
Price Target 60 USD
Upside/Downside 16%
View Source
Tim Long
Barclays
Price Target 67 USD
Upside/Downside 6%
View Source
Meta Marshall
Morgan Stanley
Price Target 55 USD
Upside/Downside 23%
View Source
Keith Snyder
CFRA
Price Target 50 USD
Upside/Downside 30%
View Source
Mike Genovese
Rosenblatt Securities
Price Target 54 USD
Upside/Downside 24%
View Source
Jim Kelleher
Argus Research
Price Target 76 USD
Upside/Downside 6%
View Source
Dave King
B.Riley Financial
Price Target 66 USD
Upside/Downside 8%
View Source
Simon Leopold
Raymond James
Price Target 54 USD
Upside/Downside 24%
View Source
Amit Daryanani
Evercore ISI
Price Target 60 USD
Upside/Downside 16%
View Source
Ruben Roy
Stifel Nicolaus
Price Target 62 USD
Upside/Downside 13%
View Source
Mike Genovese
Rosenblatt Securities
Price Target 52.5 USD
Upside/Downside 26%
View Source
Karl Ackerman
BNP Paribas
Price Target 57 USD
Upside/Downside 20%
View Source
Alex Henderson
Needham
Price Target 50 USD
Upside/Downside 30%
View Source
Alex Henderson
Needham
Price Target 60 USD
Upside/Downside 16%
View Source
Alex Henderson
Needham
Price Target 70 USD
Upside/Downside 2%
View Source
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Ciena Corp Competitors:
Price Targets
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44% Upside
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34% Downside
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25% Upside
3596
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2% Downside
603496
EmbedWay Technologies Shanghai Corp
46% Downside
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Cetc Potevio Science&Technology Co Ltd
7% Downside
601869
Yangtze Optical Fibre and Cable Joint Stock Ltd Co
17% Downside
QTRH
Quarterhill Inc
50% Upside

Revenue
Forecast

Revenue Estimate
Ciena Corp

For the last 8 years the compound annual growth rate for Ciena Corp's revenue is 8%. The projected CAGR for the next 3 years is 2%.

8%
Past Growth
2%
Estimated Growth
N/A
Estimates Accuracy
N/A
Average

Operating Income
Forecast

Operating Income Estimate
Ciena Corp

For the last 8 years the compound annual growth rate for Ciena Corp's operating income is 14%. The projected CAGR for the next 3 years is 20%.

14%
Past Growth
20%
Estimated Growth
N/A
Estimates Accuracy
N/A
Average

Net Income
Forecast

Net Income Estimate
Ciena Corp

For the last 8 years the compound annual growth rate for Ciena Corp's net income is 47%. The projected CAGR for the next 3 years is 26%.

47%
Past Growth
26%
Estimated Growth
N/A
Estimates Accuracy
N/A
Average

See Also

Discover More
Why do you have more estimates than other sites?

Our estimates are sourced from the pool of sell-side and buy-side analysts that we have access to. What is available on other sites you are seeing are mostly from the sell-side analysts.

What is CIEN's stock price target?
Price Target
66.3 USD

According to Wall Street analysts, the average 1-year price target for CIEN is 66.3 USD with a low forecast of 46.46 USD and a high forecast of 84 USD.

What is Ciena Corp's Revenue forecast?
Projected CAGR
2%

For the last 8 years the compound annual growth rate for Ciena Corp's revenue is 8%. The projected CAGR for the next 3 years is 2%.

What is Ciena Corp's Operating Income forecast?
Projected CAGR
20%

For the last 8 years the compound annual growth rate for Ciena Corp's operating income is 14%. The projected CAGR for the next 3 years is 20%.

What is Ciena Corp's Net Income forecast?
Projected CAGR
26%

For the last 8 years the compound annual growth rate for Ciena Corp's net income is 47%. The projected CAGR for the next 3 years is 26%.

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