Ciena Corporation (CIEN) Receives ‘Analyst’ Rating

Ciena Corporation (CIEN) : The consensus on Ciena Corporation (CIEN) based on 13 analyst recommendation on the company stock is 1.54, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 8 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 analyst believes that the stock is a Buy, which can produce decent returns in the future. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Ciena Corporation (CIEN) : Average target price received by Ciena Corporation (CIEN) is $25.96 with an expected standard deviation of $3.57. The most aggressive target on the stock is $33, whereas the most downbeat target is $20. 11 financial analysts are currently covering the stock.


Also, Equity analysts at the Brokerage firm Morgan Stanley downgrades its rating on Ciena Corporation (NYSE:CIEN). The rating major has initiated the coverage with equal-weight rating on the shares. Earlier, the shares were rated a Overweight by the brokerage firm. The Analysts at Morgan Stanley maintains a current price target of $23 per share. The rating by the firm was issued on September 2, 2016.

Ciena Corporation (NYSE:CIEN): After opening at $21.1, the stock dipped to an intraday low of $20.97 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $21.26 and the buying power remained strong till the end. The stock closed at $21.16 for the day, a gain of 0.38% for the day session. The total traded volume was 2,777,953. The stocks close on the previous trading day was $21.08.

Ciena Corporation (Ciena) is a provider of communications networking equipment, software and services that support the transport, switching, aggregation and management of voice, video and data traffic. The Company operates in four segments: converged packet optical, packet networking, optical transport, and software and services. Its service provider customers include regional, national and international, wire line and wireless carriers. Its cable operator customers include cable and multiservice operators in the United States and internationally. Its Blue Planet Division provides multi-vendor network management software and service orchestration solutions. Its Blue Planet product portfolio includes software applications, including Planet Orchestrate and Planet Operate, as well as its software-defined networking (SDN) multilayer wide area network (WAN) controller and its applications, V-WAN, Agility Matrix and network management solutions.

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