Ciena (CIEN) Stock Forecast, Price Target & Predictions
CIEN Stock Forecast
Ciena stock forecast is as follows: an average price target of $65.74 (represents a -1.11% downside from CIEN’s last price of $66.48) and a rating consensus of 'Buy', based on 20 wall street analysts offering a 1-year stock forecast.
CIEN Price Target
The average price target for Ciena (CIEN) is $65.74 based on 1-year price targets from 20 Wall Street analysts in the past 3 months, with a price target range of $96.00 to $50.00. This represents a potential -1.11% downside from CIEN's last price of $66.48.
CIEN Analyst Ratings
According to 20 Wall Street analysts, Ciena's rating consensus is 'Buy'. The analyst rating breakdown for CIEN stock is 0 'Strong Buy' (0.00%), 16 'Buy' (80.00%), 4 'Hold' (20.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Ciena Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 09, 2024 | Ruben Roy | Stifel Nicolaus | $75.00 | $65.25 | 14.94% | 12.82% |
| Oct 09, 2024 | Karl Ackerman | BNP Paribas | $67.00 | $65.25 | 2.68% | 0.78% |
| Oct 07, 2024 | Samik Chatterjee | J.P. Morgan | $65.00 | $63.48 | 2.39% | -2.23% |
| Sep 23, 2024 | Atif Malik | Citigroup | $68.00 | $58.73 | 15.78% | 2.29% |
| Sep 05, 2024 | Tal Liani | Bank of America Securities | $59.00 | $52.43 | 12.53% | -11.25% |
| Sep 05, 2024 | Mike Genovese | Rosenblatt Securities | $60.00 | $54.56 | 9.97% | -9.75% |
| Sep 04, 2024 | Tim Long | Barclays | $67.00 | $54.93 | 21.97% | 0.78% |
| Jun 11, 2024 | Meta Marshall | Morgan Stanley | $55.00 | $45.92 | 19.77% | -17.27% |
| Jun 10, 2024 | Keith Snyder | CFRA | $50.00 | $45.61 | 9.63% | -24.79% |
| Jun 07, 2024 | Jim Kelleher | Argus Research | $76.00 | $45.75 | 66.12% | 14.32% |
The latest Ciena stock forecast, released on Oct 09, 2024 by Ruben Roy from Stifel Nicolaus, set a price target of $75.00, which represents a 14.94% increase from the stock price at the time of the forecast ($65.25), and a 12.82% increase from CIEN last price ($66.48).
Ciena Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 7 | 18 |
| Avg Price Target | - | $65.86 | $61.36 |
| Last Closing Price | $66.48 | $66.48 | $66.48 |
| Upside/Downside | -100.00% | -0.93% | -7.70% |
In the current month, the average price target of Ciena stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Ciena's last price of $66.48. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 09, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
| Oct 09, 2024 | Exane BNP Paribas | Outperform | Neutral | Downgrade |
| Sep 23, 2024 | Needham | Buy | Buy | Hold |
| Sep 23, 2024 | Citigroup | Sell | Buy | Upgrade |
| Sep 04, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
| Sep 04, 2024 | Barclays | Overweight | Overweight | Hold |
| Aug 22, 2024 | Rosenblatt Securities | Buy | Buy | Hold |
| Aug 22, 2024 | Raymond James | Underperform | Underperform | Hold |
| Jun 12, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
| Jun 10, 2024 | CFRA | Hold | Hold | Hold |
Ciena's last stock rating was published by Morgan Stanley on Oct 09, 2024. The company gave CIEN a "Overweight" rating, the same as its previous rate.
Ciena Financial Forecast
Ciena Revenue Forecast
| Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | $1.04B | - | $1.07B | $1.13B | $1.06B | $971.01M | $867.98M | $949.23M | $844.44M | $1.04B | $988.14M | - | $757.13M | $828.48M | - | - | $832.91M | $967.99M | $960.61M |
| Avg Forecast | $1.24B | $1.15B | $1.11B | $1.06B | $1.17B | $1.09B | $1.04B | $1.00B | $1.10B | $930.45M | $897.16M | $1.02B | $1.10B | $1.04B | $1.09B | $959.40M | $849.89M | $903.95M | $950.83M | $853.67M | $1.02B | $969.62M | $829.74M | $750.07M | $825.30M | $975.03M | $880.40M | $819.57M | $964.29M | $932.54M |
| High Forecast | $1.29B | $1.20B | $1.15B | $1.11B | $1.22B | $1.14B | $1.09B | $1.03B | $1.13B | $931.94M | $897.84M | $1.02B | $1.11B | $1.09B | $1.13B | $999.06M | $877.78M | $933.72M | $982.15M | $881.79M | $1.06B | $1.00B | $857.07M | $774.77M | $852.48M | $1.01B | $909.39M | $846.56M | $996.06M | $963.26M |
| Low Forecast | $1.13B | $1.05B | $1.01B | $968.91M | $1.07B | $996.15M | $951.78M | $913.01M | $1.01B | $928.95M | $896.48M | $1.02B | $1.01B | $950.38M | $992.06M | $874.43M | $798.76M | $849.67M | $893.73M | $802.41M | $963.36M | $911.39M | $779.92M | $705.03M | $775.74M | $916.48M | $827.53M | $770.35M | $906.39M | $876.55M |
| # Analysts | 6 | 6 | 6 | 6 | 5 | 5 | 5 | 10 | 10 | 6 | 6 | 6 | 10 | 6 | 6 | 6 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 6 | 3 | 3 | 3 | 2 | 2 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.02% | - | 1.02% | 1.04% | 1.10% | 1.14% | 0.96% | 1.00% | 0.99% | 1.02% | 1.02% | - | 1.01% | 1.00% | - | - | 1.02% | 1.00% | 1.03% |
Ciena's average Quarter revenue forecast for Apr 24 based on 6 analysts is $897.16M, with a low forecast of $896.48M, and a high forecast of $897.84M. CIEN's average Quarter revenue forecast represents a -13.54% decrease compared to the company's last Quarter revenue of $1.04B (Jan 24).
Ciena EBITDA Forecast
| Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 6 | 6 | 6 | 5 | 5 | 5 | 10 | 10 | 6 | 6 | 6 | 10 | 6 | 6 | 6 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 6 | 3 | 3 | 3 | 2 | 2 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | $84.63M | - | $128.62M | $157.34M | $156.58M | $128.18M | $69.51M | $103.44M | $98.42M | $177.87M | $192.27M | - | $116.07M | $140.44M | - | - | $123.50M | $139.61M | $166.23M |
| Avg Forecast | $179.21M | $166.59M | $159.86M | $153.62M | $169.16M | $157.94M | $150.91M | $144.58M | $159.36M | $134.46M | $67.78M | $147.52M | $159.65M | $150.69M | $61.62M | $187.27M | $127.66M | $135.78M | $56.02M | $128.23M | $153.95M | $145.64M | $90.78M | $112.67M | $123.97M | $146.46M | $73.53M | $123.10M | $144.84M | $140.07M |
| High Forecast | $186.62M | $173.48M | $166.47M | $159.97M | $176.16M | $164.47M | $157.15M | $149.22M | $163.70M | $134.67M | $81.34M | $147.59M | $161.10M | $156.92M | $73.94M | $224.73M | $131.85M | $140.25M | $67.22M | $132.45M | $159.02M | $150.44M | $108.94M | $116.38M | $128.05M | $151.28M | $88.24M | $127.16M | $149.61M | $144.69M |
| Low Forecast | $163.34M | $151.84M | $145.70M | $140.02M | $154.18M | $143.95M | $137.54M | $131.94M | $145.24M | $134.24M | $54.23M | $147.46M | $145.51M | $137.34M | $49.30M | $149.82M | $119.98M | $127.63M | $44.81M | $120.53M | $144.70M | $136.90M | $72.62M | $105.90M | $116.52M | $137.66M | $58.83M | $115.71M | $136.15M | $131.66M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 0.57% | - | 0.85% | 2.55% | 0.84% | 1.00% | 0.51% | 1.85% | 0.77% | 1.16% | 1.32% | - | 1.03% | 1.13% | - | - | 1.00% | 0.96% | 1.19% |
6 analysts predict CIEN's average Quarter EBITDA for Apr 24 to be $67.78M, with a high of $81.34M and a low of $54.23M. This is -19.91% lower than Ciena's previous annual EBITDA (Jan 24) of $84.63M.
Ciena Net Income Forecast
| Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 6 | 6 | 6 | 5 | 5 | 5 | 10 | 10 | 6 | 6 | 6 | 10 | 6 | 6 | 6 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 6 | 3 | 3 | 3 | 2 | 2 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | $49.55M | - | $29.73M | $57.65M | $76.24M | $57.65M | $10.51M | $38.92M | $45.82M | $103.50M | $238.23M | - | $55.35M | $65.04M | - | - | $62.33M | $80.33M | $86.75M |
| Avg Forecast | $154.18M | $129.86M | $112.67M | $90.39M | $129.57M | $106.54M | $88.36M | $71.96M | $95.08M | $39.09M | $52.98M | $69.10M | $100.24M | $75.14M | $48.17M | $113.85M | $11.21M | $49.16M | $43.79M | $65.60M | $124.30M | $114.92M | $46.74M | $65.88M | $91.01M | $120.06M | $39.37M | $55.24M | $91.81M | $83.69M |
| High Forecast | $162.47M | $136.84M | $118.72M | $95.25M | $136.53M | $112.26M | $93.11M | $90.33M | $110.93M | $39.89M | $63.58M | $69.20M | $107.60M | $79.18M | $57.80M | $136.62M | $11.68M | $51.27M | $52.54M | $68.40M | $129.62M | $119.84M | $56.09M | $68.70M | $94.91M | $125.21M | $47.24M | $57.60M | $95.74M | $87.27M |
| Low Forecast | $136.43M | $114.91M | $99.70M | $79.98M | $114.65M | $94.27M | $78.19M | $38.28M | $87.88M | $38.30M | $42.39M | $69.00M | $97.29M | $66.49M | $38.53M | $91.08M | $10.33M | $45.33M | $35.03M | $60.47M | $114.59M | $105.95M | $37.39M | $60.74M | $83.91M | $110.69M | $31.49M | $50.92M | $84.65M | $77.16M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 0.72% | - | 0.40% | 1.20% | 0.67% | 5.14% | 0.21% | 0.89% | 0.70% | 0.83% | 2.07% | - | 0.84% | 0.71% | - | - | 1.13% | 0.87% | 1.04% |
Ciena's average Quarter net income forecast for Apr 24 is $52.98M, with a range of $42.39M to $63.58M. CIEN's average Quarter net income forecast represents a 6.93% increase compared to the company's last Quarter net income of $49.55M (Jan 24).
Ciena SG&A Forecast
| Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 6 | 6 | 6 | 5 | 5 | 5 | 10 | 10 | 6 | 6 | 6 | 10 | 6 | 6 | 6 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 6 | 3 | 3 | 3 | 2 | 2 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | $182.84M | - | $167.62M | $176.02M | $174.70M | $170.06M | $147.00M | $165.51M | $163.38M | $179.01M | $163.79M | - | $137.27M | $156.80M | - | - | $149.53M | $167.51M | $146.93M |
| Avg Forecast | $210.10M | $195.30M | $187.41M | $180.10M | $198.31M | $185.16M | $176.91M | $169.49M | $186.82M | $157.63M | $188.90M | $172.94M | $187.16M | $176.65M | $171.73M | $196.91M | $143.98M | $153.14M | $156.12M | $144.62M | $173.63M | $164.27M | $115.92M | $127.07M | $139.82M | $165.18M | $94.44M | $138.84M | $163.36M | $157.98M |
| High Forecast | $218.78M | $203.37M | $195.16M | $187.54M | $206.51M | $192.81M | $184.23M | $174.94M | $191.91M | $157.88M | $226.68M | $173.02M | $188.87M | $183.95M | $206.08M | $236.29M | $148.71M | $158.18M | $187.34M | $149.39M | $179.35M | $169.68M | $139.10M | $131.26M | $144.42M | $170.62M | $113.33M | $143.42M | $168.74M | $163.19M |
| Low Forecast | $191.49M | $178.00M | $170.81M | $164.15M | $180.75M | $168.76M | $161.24M | $154.68M | $170.27M | $157.38M | $151.12M | $172.87M | $170.59M | $161.01M | $137.38M | $157.53M | $135.32M | $143.94M | $124.89M | $135.94M | $163.20M | $154.40M | $92.73M | $119.44M | $131.42M | $155.26M | $75.55M | $130.51M | $153.55M | $148.50M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.06% | - | 0.95% | 1.02% | 0.89% | 1.18% | 0.96% | 1.06% | 1.13% | 1.03% | 1.00% | - | 1.08% | 1.12% | - | - | 1.08% | 1.03% | 0.93% |
Ciena's average Quarter SG&A projection for Apr 24 is $188.90M, based on 6 Wall Street analysts, with a range of $151.12M to $226.68M. The forecast indicates a 3.32% rise compared to CIEN last annual SG&A of $182.84M (Jan 24).
Ciena EPS Forecast
| Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 6 | 6 | 6 | 5 | 5 | 5 | 10 | 10 | 6 | 6 | 6 | 10 | 6 | 6 | 6 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 6 | 3 | 3 | 3 | 2 | 2 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | $0.34 | - | $0.20 | $0.39 | $0.51 | $0.39 | $0.07 | $0.26 | $0.30 | $0.67 | $1.53 | - | $0.36 | $0.42 | - | - | $0.40 | $0.52 | $0.56 |
| Avg Forecast | $1.06 | $0.89 | $0.78 | $0.62 | $0.89 | $0.73 | $0.61 | $0.50 | $0.65 | $0.27 | $0.16 | $0.48 | $0.69 | $0.52 | $0.62 | $0.36 | $0.08 | $0.34 | $0.54 | $0.45 | $0.86 | $0.79 | $0.49 | $0.45 | $0.63 | $0.83 | $0.49 | $0.38 | $0.63 | $0.58 |
| High Forecast | $1.12 | $0.94 | $0.82 | $0.66 | $0.94 | $0.77 | $0.64 | $0.62 | $0.76 | $0.27 | $0.16 | $0.48 | $0.74 | $0.54 | $0.66 | $0.38 | $0.08 | $0.35 | $0.56 | $0.47 | $0.89 | $0.82 | $0.51 | $0.47 | $0.65 | $0.86 | $0.52 | $0.40 | $0.66 | $0.60 |
| Low Forecast | $0.94 | $0.79 | $0.69 | $0.55 | $0.79 | $0.65 | $0.54 | $0.26 | $0.60 | $0.26 | $0.15 | $0.47 | $0.67 | $0.46 | $0.55 | $0.32 | $0.07 | $0.31 | $0.50 | $0.42 | $0.79 | $0.73 | $0.45 | $0.42 | $0.58 | $0.76 | $0.46 | $0.35 | $0.58 | $0.53 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 0.72% | - | 0.39% | 0.63% | 1.41% | 5.06% | 0.21% | 0.48% | 0.66% | 0.78% | 1.94% | - | 0.79% | 0.67% | - | - | 1.05% | 0.82% | 0.97% |
According to 6 Wall Street analysts, Ciena's projected average Quarter EPS for Apr 24 is $0.16, with a low estimate of $0.15 and a high estimate of $0.16. This represents a -54.06% decrease compared to CIEN previous annual EPS of $0.34 (Jan 24).
Ciena Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| CMTL | Comtech Telecommunications | $3.03 | $9.00 | 197.03% | Hold |
| ADTN | ADTRAN | $7.73 | $17.00 | 119.92% | Buy |
| CLFD | Clearfield | $29.18 | $59.60 | 104.25% | Buy |
| GILT | Gilat Satellite Networks | $5.27 | $7.00 | 32.83% | Buy |
| DGII | Digi | $31.55 | $41.60 | 31.85% | Buy |
| VIAV | Viavi Solutions | $9.82 | $12.93 | 31.67% | Hold |
| EXTR | Extreme Networks | $15.43 | $20.00 | 29.62% | Buy |
| HLIT | Harmonic | $12.08 | $15.38 | 27.32% | Buy |
| INFN | Infinera | $6.61 | $6.67 | 0.91% | Hold |
| JNPR | Juniper Networks | $35.66 | $35.74 | 0.22% | Buy |
| CIEN | Ciena | $66.48 | $65.74 | -1.11% | Buy |
| HPE | Hewlett Packard Enterprise Company | $21.18 | $20.82 | -1.70% | Buy |
| NTGR | NETGEAR | $24.10 | $22.00 | -8.71% | Buy |
| LITE | Lumentum | $82.47 | $74.60 | -9.54% | Buy |
| MSI | Motorola Solutions | $492.60 | $344.83 | -30.00% | Buy |
| AAOI | Applied Optoelectronics | $34.07 | $17.38 | -48.99% | Buy |