Ciena Corp Stock Target Price and Analyst Consensus

CIEN Stock  USD 49.45  1.04  2.06%   
The current analyst and expert consensus on Ciena Corp is Strong Buy, with 9 strong buy opinions. The current projected Ciena Corp target price consensus is 59.27 with 15 analyst opinions. The most common way Ciena Corp analysts use to provide recommendation to the public is financial statements analysis. Many experts also interview Ciena Corp executives and customers to further validate their buy or sell advice. Ciena Corp buy-or-sell recommendation module provides average expert sentiment on the projected Ciena Corp target price to derive its highest and lowest estimates based on its projected price volatility. Check out Macroaxis Advice on Ciena Corp to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
To learn how to invest in Ciena Stock, please use our How to Invest in Ciena Corp guide.
Lowest Forecast
53.94
Highest Forecast
65.79
Target Price
59.27
At this time, Ciena Corp's Gross Profit is very stable compared to the past year. As of the 29th of March 2024, Pretax Profit Margin is likely to grow to 0.14, while Gross Profit Margin is likely to drop 0.32. At this time, Ciena Corp's Non Currrent Assets Other are very stable compared to the past year. As of the 29th of March 2024, Net Receivables is likely to grow to about 1.2 B, while Total Current Liabilities is likely to drop about 558.9 M.
  
It's important to approach Ciena Corp's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.

Ciena Corp Target Price Consensus

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Ciena target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Ciena Corp's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
   15  Strong Buy
Most Ciena analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Ciena stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Ciena Corp, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

Ciena Corp Target Price Projection

Ciena Corp's current and average target prices are 49.45 and 59.27, respectively. The current price of Ciena Corp is the price at which Ciena Corp is currently trading. On the other hand, Ciena Corp's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

Ciena Corp Market Quote on 29th of March 2024

Low Price49.37Odds
High Price50.46Odds

49.45

Target Price

Analyst Consensus On Ciena Corp Target Price

Low Estimate53.94Odds
High Estimate65.79Odds

59.27

Historical Lowest Forecast  53.94 Target Price  59.27 Highest Forecast  65.79
Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Ciena Corp and the information provided on this page.

Ciena Corp Analyst Ratings

Ciena Corp's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Ciena Corp stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Ciena Corp's financials, market performance, and future outlook by experienced professionals. Ciena Corp's historical ratings below, therefore, can serve as a valuable tool for investors.

Analyst Consensus Breakdown

Average Consensus Estimates

Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.

Steps to utilize Ciena Corp price targets

Ciena Corp's stock target price is an estimate of its future price, usually made by analysts. Using Ciena Corp's target price to determine if it is a suitable investment can be done through the following steps:
  • Look at Ciena Corp's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
  • Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
  • Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
  • Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Ciena Corp's stock is likely to perform well.
  • Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Remember that stock target prices are just estimates and are subject to change. Therefore, using them as one factor in a larger investment strategy is essential rather than relying solely on them to make decisions.

Additional Ciena Corp Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Ciena Corp is a key component of Ciena Corp valuation and have some predictive power on the future returns of a Ciena Corp.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ciena Corp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
46.6949.4552.21
Details
Intrinsic
Valuation
LowRealHigh
44.6147.3750.13
Details
Naive
Forecast
LowNextHigh
48.4351.1953.95
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.090.140.24
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Ciena Corp. Your research has to be compared to or analyzed against Ciena Corp's peers to derive any actionable benefits. When done correctly, Ciena Corp's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Ciena Corp.

Trending Themes

If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment.
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Invested over 100 shares
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Warren Buffett Holdings
Invested few shares
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Macroaxis Index
Invested over 200 shares
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When determining whether Ciena Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ciena Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ciena Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ciena Corp Stock:
Check out Macroaxis Advice on Ciena Corp to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
To learn how to invest in Ciena Stock, please use our How to Invest in Ciena Corp guide.
Note that the Ciena Corp information on this page should be used as a complementary analysis to other Ciena Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

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When running Ciena Corp's price analysis, check to measure Ciena Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ciena Corp is operating at the current time. Most of Ciena Corp's value examination focuses on studying past and present price action to predict the probability of Ciena Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ciena Corp's price. Additionally, you may evaluate how the addition of Ciena Corp to your portfolios can decrease your overall portfolio volatility.
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The data published in Ciena Corp's official financial statements usually reflect Ciena Corp's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Ciena Corp. For example, before you start analyzing numbers published by Ciena accountants, it's critical to develop an understanding of what Ciena Corp's liquidity, profitability, and earnings quality are in the context of the Communications Equipment space in which it operates.
Please note, the presentation of Ciena Corp's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Ciena Corp's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Ciena Corp's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Ciena Corp. Please utilize our Beneish M Score to check the likelihood of Ciena Corp's management manipulating its earnings.