Ciena Corporation (CIEN): Price Target and June Short Interest Disclosure

Ciena Corporation (CIEN) : The highest short term price target forecast on Ciena Corporation (CIEN) is $33 and the lowest target price is $17. A total of 12 equity analysts are currently covering the company. The average price of all the analysts is $24.88 with a standard deviation of $4.01.

Ciena Corporation (CIEN), A rise of 146,078 shares or 1.3% was seen in the short interest of Ciena Corporation. Even as the interest increased from 11,368,031 shares on June 15,2016 to 11,514,109 shares on June 30,2016, the days to cover came in at 3. The updated interest stood at 8.5% of the stocks floats. The stock has seen an average daily volume of 3,429,193 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Brokerage firm Citigroup maintains its rating on Ciena Corporation (NYSE:CIEN). As per the latest information, the brokerage house raises the price target to $21 per share from a prior target of $18. The shares have been rated Neutral. The rating by the firm was issued on June 3, 2016.


Ciena Corporation (NYSE:CIEN): On Thursdays trading session , Opening price of the stock was $19.92 with an intraday high of $19.98. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $19.48. However, the stock managed to close at $19.48, a loss of 1.02% for the day. On the previous day, the stock had closed at $19.68. The total traded volume of the day was 2,083,300 shares.

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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