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

Analyst price target for CIEN

Based on 9 analysts offering 12 month price targets for Ciena Corp.
Min Forecast
$44.00-5.6%
Avg Forecast
$61.33+31.59%
Max Forecast
$68.00+45.89%

Should I buy or sell CIEN stock?

Based on 9 analysts offering ratings for Ciena Corp.
Strong Buy
Strong Buy
5 analysts 55.56%
Buy
3 analysts 33.33%
Hold
0 analysts 0%
Sell
0 analysts 0%
Strong Sell
1 analysts 11.11%

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CIEN stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-04-12
lockedlocked$00.00+00.00%2024-04-11
lockedlocked$00.00+00.00%2024-03-08
lockedlocked$00.00+00.00%2024-03-08Find Out Why
lockedlocked$00.00+00.00%2024-03-08
JP Morgan
Top 7%
94
Strong BuyMaintains$67.00+43.75%2024-03-05Find out why
Evercore ISI Group
Top 4%
97
BuyMaintains$63.00+35.16%2024-02-23
B. Riley Securities
Top 14%
87
Strong BuyMaintains$68.00+45.89%2023-12-08Find out why
Raymond James
Top 12%
89
Strong BuyMaintains$60.00+28.73%2023-12-08

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Forecast return on equity

Is CIEN forecast to generate an efficient return?
Company
N/A
Industry
15.67%
Market
19.19%

Forecast return on assets

Is CIEN forecast to generate an efficient return on assets?
Company
N/A
Industry
7.25%

CIEN revenue forecast

What is CIEN's revenue in the next 3 years based on estimates from 8 analysts?
Avg 1 year Forecast
$4.1B-5.62%
Avg 2 year Forecast
$4.5B+2.1%
Avg 3 year Forecast
$4.8B+9.72%
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
76.89%
Industry
21.89%
Market
28.14%
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
1.03%
Industry
0.96%
Market
9.08%
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$46.61$61.33+31.59%Strong Buy
UI$108.30$126.50+16.81%Sell
SATS$16.00$23.00+43.75%Buy
PI$150.91$153.00+1.38%Strong Buy
BDC$83.40$94.50+13.31%Strong Buy

Ciena Stock Forecast FAQ

Is Ciena Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 9 Wall Street analysts covering (NYSE: CIEN) stock is to Strong Buy CIEN stock.

Out of 9 analysts, 5 (55.56%) are recommending CIEN as a Strong Buy, 3 (33.33%) are recommending CIEN as a Buy, 0 (0%) are recommending CIEN as a Hold, 0 (0%) are recommending CIEN as a Sell, and 1 (11.11%) 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 revenue growth forecast for 2024-2026?

(NYSE: CIEN) Ciena's forecast annual revenue growth rate of 1.03% is forecast to beat the US Communication Equipment industry's average forecast revenue growth rate of 0.96%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 9.08%.

Ciena's revenue in 2024 is $4,367,737,000.On average, 8 Wall Street analysts forecast CIEN's revenue for 2024 to be $596,104,353,393, with the lowest CIEN revenue forecast at $585,987,949,061, and the highest CIEN revenue forecast at $604,236,808,791. On average, 7 Wall Street analysts forecast CIEN's revenue for 2025 to be $644,873,635,708, with the lowest CIEN revenue forecast at $630,655,720,620, and the highest CIEN revenue forecast at $655,426,161,759.

In 2026, CIEN is forecast to generate $692,962,996,165 in revenue, with the lowest revenue forecast at $690,197,325,078 and the highest revenue forecast at $697,112,225,809.

What is CIEN's forecast return on assets (ROA) for 2024-2026?

(NYSE: CIEN) forecast ROA is N/A, which is lower than the forecast US Communication Equipment industry average of 7.25%.

What is CIEN's Price Target?

According to 9 Wall Street analysts that have issued a 1 year CIEN price target, the average CIEN price target is $61.33, with the highest CIEN stock price forecast at $68.00 and the lowest CIEN stock price forecast at $44.00.

On average, Wall Street analysts predict that Ciena's share price could reach $61.33 by Apr 12, 2025. The average Ciena stock price prediction forecasts a potential upside of 31.59% from the current CIEN share price of $46.61.

What is CIEN's forecast return on equity (ROE) for 2024-2026?

(NYSE: CIEN) forecast ROE is N/A, which is considered weak.
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