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Ciena Corp
NYSE:CIEN

Watchlist Manager
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Ciena Corp
NYSE:CIEN
Watchlist
Price: 46.61 USD 2.04% Market Closed
Updated: Apr 27, 2024

Wall Street
Price Targets

CIEN Price Targets Summary
Ciena Corp

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

According to Wall Street analysts, the average 1-year price target for CIEN is 59.16 USD with a low forecast of 42.93 USD and a high forecast of 71.4 USD.

Lowest
Price Target
42.93 USD
8% Downside
Average
Price Target
59.16 USD
27% Upside
Highest
Price Target
71.4 USD
53% Upside

CIEN Last Price Targets
Ciena Corp

The latest public price target was made on Apr 11, 2024 by Karl Ackerman from BNP Paribas , who expects CIEN stock to rise by 22% 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
57 USD
Upside 22%
2 weeks ago
Apr 11, 2024
Ciena initiated with an Outperform at Exane BNP Paribas
TheFly
Alex Henderson
Needham
50 USD
Upside 7%
7 months 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
Upside 29%
10 months 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
Upside 50%
1 year ago
Mar 7, 2023
Ciena Gets Price Target Bumps By Analysts Following Strong Earnings
Benzinga
Karl Ackerman
BNP Paribas
Price Target 57 USD
Upside/Downside 22%
View Source
Alex Henderson
Needham
Price Target 50 USD
Upside/Downside 7%
View Source
Alex Henderson
Needham
Price Target 60 USD
Upside/Downside 29%
View Source
Alex Henderson
Needham
Price Target 70 USD
Upside/Downside 50%
View Source
Ciena Corp Competitors:
Price Targets
3027
Billion Electric Co Ltd
8% Upside
603803
Raisecom Technology Co Ltd
329% Upside
300353
Kyland Technology Co Ltd
40% Upside
000561
Shaanxi Fenghuo Electronics Co Ltd
17% Downside
300762
Jushri Technologies Inc
54% Upside
002369
Shenzhen Zowee Technology Co Ltd
435% Upside
GILT
Gilat Satellite Networks Ltd
69% Upside
ANET
Arista Networks Inc
12% 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 4%.

8%
Past Growth
4%
Estimated Growth
Estimates Accuracy
-2%
Average Miss

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 24%.

14%
Past Growth
24%
Estimated Growth
Estimates Accuracy
-23%
Average Miss

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 31%.

47%
Past Growth
31%
Estimated Growth
Estimates Accuracy
-23%
Average Miss

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
59.16 USD

According to Wall Street analysts, the average 1-year price target for CIEN is 59.16 USD with a low forecast of 42.93 USD and a high forecast of 71.4 USD.

What is Ciena Corp's Revenue forecast?
Projected CAGR
4%

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 4%.

What is Ciena Corp's Operating Income forecast?
Projected CAGR
24%

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 24%.

What is Ciena Corp's Net Income forecast?
Projected CAGR
31%

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 31%.