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

Analyst price target for CIEN

Based on 11 analysts offering 12 month price targets for Ciena Corp.
Min Forecast
$44.00-9.76%
Avg Forecast
$57.55+18.02%
Max Forecast
$66.00+35.36%

Should I buy or sell CIEN stock?

Based on 11 analysts offering ratings for Ciena Corp.
Buy
Strong Buy
4 analysts 36.36%
Buy
5 analysts 45.45%
Hold
1 analysts 9.09%
Sell
0 analysts 0%
Strong Sell
1 analysts 9.09%

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CIEN stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-06-12
lockedlocked$00.00+00.00%2024-06-07
lockedlocked$00.00+00.00%2024-06-07
lockedlocked$00.00+00.00%2024-06-07
lockedlocked$00.00+00.00%2024-06-07
Raymond James
Top 9%
92
BuyDowngrades$54.00+10.75%2024-06-06
JP Morgan
Top 5%
96
Strong BuyMaintains$60.00+23.05%2024-05-30
Citigroup
Top 14%
87
Strong SellInitiates Coverage On$44.00-9.76%2024-04-12
Exane BNP Paribas
Top 21%
80
BuyInitiates Coverage On$57.00+16.90%2024-04-11
Needham
Top 1%
100
BuyReiterates$65.00+33.31%2024-03-08

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Forecast return on equity

Is CIEN forecast to generate an efficient return?
Company
13.04%
Industry
131.82%
Market
62.96%
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
6.69%
Industry
10.99%
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 3 years based on estimates from 8 analysts?
Avg 1 year Forecast
$1.19+14.31%
Avg 2 year Forecast
$1.90+82.34%
Avg 3 year Forecast
$2.61+151.28%
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 3 years based on estimates from 8 analysts?
Avg 1 year Forecast
$4.0B-3.59%
Avg 2 year Forecast
$4.3B+4.71%
Avg 3 year Forecast
$4.6B+10.9%
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
35.12%
Industry
14.02%
Market
19.54%
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
2.03%
Industry
24.2%
Market
9.96%
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$48.76$57.55+18.02%Buy
SATS$19.60$19.50-0.51%Hold
CRDO$30.87$28.86-6.52%Strong Buy
PI$169.29$167.00-1.35%Strong Buy
UI$164.27$134.00-18.43%Sell

Ciena Stock Forecast FAQ

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

The consensus among 11 Wall Street analysts covering (NYSE: CIEN) stock is to Buy CIEN stock.

Out of 11 analysts, 4 (36.36%) are recommending CIEN as a Strong Buy, 5 (45.45%) are recommending CIEN as a Buy, 1 (9.09%) are recommending CIEN as a Hold, 0 (0%) are recommending CIEN as a Sell, and 1 (9.09%) 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 2024-2026?

(NYSE: CIEN) Ciena's forecast annual earnings growth rate of 35.12% is forecast to beat the US Communication Equipment industry's average forecast earnings growth rate of 14.02%, and it is also forecast to beat the US market's average forecast earnings growth rate of 19.54%.

Ciena's earnings in 2024 is $153,630,000.On average, 8 Wall Street analysts forecast CIEN's earnings for 2024 to be $170,836,524, with the lowest CIEN earnings forecast at $143,705,017, and the highest CIEN earnings forecast at $206,935,224. On average, 8 Wall Street analysts forecast CIEN's earnings for 2025 to be $272,507,824, with the lowest CIEN earnings forecast at $216,994,576, and the highest CIEN earnings forecast at $320,462,188.

In 2026, CIEN is forecast to generate $375,544,321 in earnings, with the lowest earnings forecast at $333,395,639 and the highest earnings forecast at $412,433,399.

What is CIEN's revenue growth forecast for 2024-2026?

(NYSE: CIEN) Ciena's forecast annual revenue growth rate of 2.03% is not forecast to beat the US Communication Equipment industry's average forecast revenue growth rate of 24.2%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 9.96%.

Ciena's revenue in 2024 is $4,145,908,000.On average, 8 Wall Street analysts forecast CIEN's revenue for 2024 to be $574,386,797,374, with the lowest CIEN revenue forecast at $571,241,813,077, and the highest CIEN revenue forecast at $576,084,672,150. On average, 8 Wall Street analysts forecast CIEN's revenue for 2025 to be $623,847,190,125, with the lowest CIEN revenue forecast at $614,928,138,245, and the highest CIEN revenue forecast at $634,745,060,089.

In 2026, CIEN is forecast to generate $660,737,992,449 in revenue, with the lowest revenue forecast at $658,815,650,437 and the highest revenue forecast at $666,013,834,738.

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

(NYSE: CIEN) forecast ROA is 6.69%, which is lower than the forecast US Communication Equipment industry average of 10.99%.

What is CIEN's Price Target?

According to 11 Wall Street analysts that have issued a 1 year CIEN price target, the average CIEN price target is $57.55, with the highest CIEN stock price forecast at $66.00 and the lowest CIEN stock price forecast at $44.00.

On average, Wall Street analysts predict that Ciena's share price could reach $57.55 by Jun 12, 2025. The average Ciena stock price prediction forecasts a potential upside of 18.02% from the current CIEN share price of $48.76.

What is CIEN's Earnings Per Share (EPS) forecast for 2024-2026?

(NYSE: CIEN) Ciena's current Earnings Per Share (EPS) is $1.04. On average, analysts forecast that CIEN's EPS will be $1.19 for 2024, with the lowest EPS forecast at $1.00, and the highest EPS forecast at $1.44. On average, analysts forecast that CIEN's EPS will be $1.90 for 2025, with the lowest EPS forecast at $1.51, and the highest EPS forecast at $2.23. In 2026, CIEN's EPS is forecast to hit $2.61 (min: $2.32, max: $2.87).

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

(NYSE: CIEN) forecast ROE is 13.04%, which is considered weak.
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