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NYSE: CIEN
Ciena Corp Stock Forecast, Predictions & Price Target

Analyst price target for CIEN

Based on 14 analysts offering 12 month price targets for Ciena Corp.
Min Forecast
$45.00-11.82%
Avg Forecast
$61.79+21.08%
Max Forecast
$84.00+64.61%

Should I buy or sell CIEN stock?

Based on 15 analysts offering ratings for Ciena Corp.
Strong Buy
Strong Buy
8 analysts 53.33%
Buy
3 analysts 20%
Hold
4 analysts 26.67%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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CIEN stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Barclays
Top 12%
89
Strong BuyMaintains$71.00+39.13%2022-12-09Find out why
Evercore ISI Group
Top 11%
90
HoldDowngradesN/AN/A2022-10-11
Morgan Stanley
Top 4%
97
Strong BuyMaintains$49.00-3.98%2022-10-11
B. Riley Securities
Top 6%
95
Strong BuyMaintains$64.00+25.42%2022-09-06
JP Morgan
Top 6%
95
HoldDowngrades$45.00-11.82%2022-09-06
Northland Securities
Top 27%
74
HoldMaintains$45.00-11.82%2022-09-02
Cowen & Co.
Bottom 8%
8
BuyMaintains$71.00+39.13%2022-09-02
Rosenblatt
Top 25%
76
Strong BuyMaintains$65.00+27.38%2022-09-02
Raymond James
Bottom 10%
10
BuyMaintains$55.00+7.78%2022-09-02
Needham
Top 4%
97
BuyMaintains$70.00+37.17%2022-09-02

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Forecast return on equity

Is CIEN forecast to generate an efficient return?
Company
17.51%
Industry
-27.94%
Market
49.29%
CIEN's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is CIEN forecast to generate an efficient return on assets?
Company
9.37%
Industry
12.4%
CIEN is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

CIEN earnings per share forecast

What is CIEN's earnings per share in the next 2 years based on estimates from 7 analysts?
Avg 1 year Forecast
$2.60+157.43%
Avg 2 year Forecast
$3.20+216.83%
CIEN's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

CIEN revenue forecast

What is CIEN's revenue in the next 2 years based on estimates from 6 analysts?
Avg 1 year Forecast
$4.2B+16.53%
Avg 2 year Forecast
$4.5B+25.16%
CIEN's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

CIEN earnings growth forecast

How is CIEN forecast to perform vs Communication Equipment companies and vs the US market?
Company
164.85%
Industry
37.79%
Market
85.4%
CIEN's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
CIEN's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
CIEN's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

CIEN revenue growth forecast

How is CIEN forecast to perform vs Communication Equipment companies and vs the US market?
Company
16.53%
Industry
8.8%
Market
71.5%
CIEN's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
CIEN's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

CIEN vs Communication Equipment Stocks

TickerPricePrice TargetUp/downsideConsensus
CIEN$51.03$61.79+21.08%Strong Buy
JNPR$32.01$34.39+7.42%Buy
LITE$60.30$81.23+34.71%Buy
MAXR$51.32$45.29-11.76%Hold
PI$128.55$129.50+0.74%Strong Buy

Ciena Stock Forecast FAQ

Is Ciena Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 15 Wall Street analysts covering (NYSE: CIEN) stock is to Strong Buy CIEN stock.

Out of 15 analysts, 8 (53.33%) are recommending CIEN as a Strong Buy, 3 (20%) are recommending CIEN as a Buy, 4 (26.67%) are recommending CIEN as a Hold, 0 (0%) are recommending CIEN as a Sell, and 0 (0%) are recommending CIEN as a Strong Sell.

If you're new to stock investing, here's how to buy Ciena stock.

What is CIEN's earnings growth forecast for 2023-2024?

(NYSE: CIEN) Ciena's forecast annual earnings growth rate of 164.85% is forecast to beat the US Communication Equipment industry's average forecast earnings growth rate of 37.79%, and and it is also forecast to beat the US market's average forecast earnings growth rate of 85.4%.

Ciena's earnings in 2023 is $152,902,000.On average, 7 Wall Street analysts forecast CIEN's earnings for 2023 to be $385,879,023, with the lowest CIEN earnings forecast at $353,227,721, and the highest CIEN earnings forecast at $449,697,477.

In 2024, CIEN is forecast to generate $474,928,029 in earnings, with the lowest earnings forecast at $474,928,029 and the highest earnings forecast at $474,928,029.

What is CIEN's revenue growth forecast for 2023-2024?

(NYSE: CIEN) Ciena's forecast annual revenue growth rate of 16.53% is forecast to beat the US Communication Equipment industry's average forecast revenue growth rate of 8.8%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 71.5%.

Ciena's revenue in 2023 is $3,632,661,000.On average, 6 Wall Street analysts forecast CIEN's revenue for 2023 to be $628,246,372,867, with the lowest CIEN revenue forecast at $604,895,052,181, and the highest CIEN revenue forecast at $649,731,226,400.

In 2024, CIEN is forecast to generate $674,774,032,944 in revenue, with the lowest revenue forecast at $659,211,977,175 and the highest revenue forecast at $690,336,088,713.

What is CIEN's forecast return on assets (ROA) for 2023-2024?

(NYSE: CIEN) forecast ROA is 9.37%, which is lower than the forecast US Communication Equipment industry average of 12.4%.

What is CIEN's Price Target?

According to 14 Wall Street analysts that have issued a 1 year CIEN price target, the average CIEN price target is $61.79, with the highest CIEN stock price forecast at $84.00 and the lowest CIEN stock price forecast at $45.00.

On average, Wall Street analysts predict that Ciena's share price could reach $61.79 by Dec 9, 2023. The average Ciena stock price prediction forecasts a potential upside of 21.08% from the current CIEN share price of $51.03.

What is CIEN's Earnings Per Share (EPS) forecast for 2023-2024?

(NYSE: CIEN) Ciena's current Earnings Per Share (EPS) is $1.01. On average, analysts forecast that CIEN's EPS will be $2.60 for 2023, with the lowest EPS forecast at $2.38, and the highest EPS forecast at $3.03. In 2024, CIEN's EPS is forecast to hit $3.20 (min: $3.20, max: $3.20).

What is CIEN's forecast return on equity (ROE) for 2023-2024?

(NYSE: CIEN) forecast ROE is 17.51%, which is considered weak.
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