CIENA Corp. (CIEN) Stock Forecast & Predictions

CIENA Corp. CIEN: $52.02

7035 Ridge Rd, Hanover, Maryland, US. | Sector: Manufacturing | Exchange: NEW YORK STOCK EXCHANGE INC. | Web: www.ciena.com

  • Market Cap$8.06B
  • Change (52 Weeks)32.30%
  • Low (52 Weeks)$38.03
  • CIENA Corp. (CIEN) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 18.75% are on Buy, 31.25% on Sell, and 50.00% Neutral.

    According to the market data, CIENA Corp. (CIEN) stock price is $52.02 and the 52 weeks low is $38.03, which means the CIENA Corp. stock price is up 32.30% in the last 12 months.

    CIENA Corp. (CIEN) Stock Price is not Trending currently as per the Weekly Chart, which means the price may range between specific high and low levels for the next few months, unless some significant changes take place in the market performance or news.

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 18.75% are indicating that CIEN Stock price might rise further, 31.25% indicating that CIEN Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall CIEN stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    CIENA Corp. (CIEN) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for CIENA Corp. (CIEN) is based on 25 Institutional Analyst Ratings where 48.00% are on Strong Buy, 32.00% on Moderate Buy, 20.00% remains on Hold, 0.00% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 25 Institutional Analysts, majority recommended CIEN stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of CIENA Corp..

    CIENA Corp. (CIEN) Stock Price Prediction By Analysts


    HighLowAverage
    $84.00$51.51$67.51
    $67.5129.78% Upside
    Updated: 2021-09-19 00:00:00

    The Average Price target for CIEN set by the institutional analysts is $67.51 where High Estimate is $84.00, Median $69.87 and Low $51.51.

    The average price target for CIEN by Institutional Analysts is $67.51, which is 29.78% Upside from the current price. So according to the Institutional Analysts, CIEN Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    CIENA Corp. (CIEN) Stock Forecast Based on Investor Sentiment


    Very Positive

    Based on 479,658 investor portfolio.

    Our algorithm has analysed 479,658 investor portfolio with CIEN stock holdings and found that 99.50% of them are bullish. Which means the Investor Sentiment is mostly Very Positive.

    This shows most investors are very optimistic about CIEN and holding their positions hoping for a further rise in the stock price and more profit.

    CIENA Corp. (CIEN) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    BarclaysOverweightMaintained
    RosenblattNeutralMaintained
    Raymond JamesOutperformMaintained
    B of A SecuritiesBuyUpgraded
    NeedhamBuyMaintained
    Morgan StanleyEqual-WeightMaintained
    RosenblattNeutralDowngraded
    Raymond JamesOutperformMaintained
    StifelBuyMaintained
    RosenblattBuyMaintained
    Morgan StanleyEqual-WeightMaintained
    MKM PartnersBuyMaintained
    CitigroupBuyMaintained
    BarclaysOverweightMaintained
    NeedhamBuyUpgraded
    StifelBuyMaintained
    RosenblattBuyMaintained
    Piper SandlerOverweightMaintained
    Nomura InstinetBuyMaintained
    Morgan StanleyEqual-WeightMaintained
    Cowen & Co.OutperformMaintained
    Raymond JamesOutperformMaintained
    RosenblattBuyMaintained
    MKM PartnersBuyMaintained
    B. Riley FBRNeutralDowngraded
    Morgan StanleyEqual-WeightDowngraded
    NomuraBuyMaintained
    Morgan StanleyOverweightMaintained
    RosenblattBuyMaintained
    MKM PartnersBuyMaintained
    B. Riley FBRBuyMaintained
    NomuraBuyMaintained
    Morgan StanleyOverweightUpgraded
    PiperJaffrayOverweightUpgraded
    NomuraBuyMaintained
    Morgan StanleyEqual-WeightMaintained
    BarclaysOverweightMaintained
    UBSSellDowngraded
    Evercore ISI GroupOutperformInitiated
    UBSNeutralMaintained
    NomuraBuyMaintained
    Morgan StanleyEqual-WeightMaintained
    JP MorganOverweightMaintained
    BarclaysOverweightMaintained
    B. RileyBuyMaintained
    RosenblattBuyUpgraded
    BarclaysOverweightInitiated
    Stifel NicolausBuyMaintained
    Raymond JamesOutperformMaintained
    NomuraBuyMaintained
    B. RileyBuyMaintained
    Northland SecuritiesOutperformUpgraded
    NomuraBuyMaintained
    Deutsche BankHoldMaintained
    BMO CapitalOutperformMaintained
    B. Riley FBRBuyMaintained
    Bank of AmericaNeutralDowngraded
    JefferiesBuyReiterated
    Raymond JamesOutperformMaintained
    NomuraBuyMaintained
    MKM PartnersBuyReiterated
    BMO CapitalOutperformReiterated
    NeedhamHoldDowngraded
    MKM PartnersBuyMaintained
    Stifel NicolausBuyInitiated
    Northland SecuritiesMarket PerformDowngraded
    UBSNeutralDowngraded
    Morgan StanleyEqual-WeightDowngraded
    NomuraBuyMaintained
    Deutsche BankHoldMaintained
    CitigroupBuyMaintained
    BMO CapitalOutperformMaintained
    B. Riley FBRBuyMaintained
    UBSBuyMaintained
    Morgan StanleyOverweightUpgraded
    JP MorganOverweightMaintained
    CitigroupBuyMaintained
    BMO CapitalOutperformMaintained
    B. Riley FBRBuyMaintained
    Loop CapitalBuyInitiated
    JP MorganOverweightInitiated
    Morgan StanleyEqual-WeightMaintained
    CitigroupBuyMaintained
    Goldman SachsBuyUpgraded
    PiperJaffrayNeutralDowngraded
    Bank of AmericaBuyUpgraded
    NomuraBuyMaintained
    Deutsche BankHoldMaintained
    BMO CapitalOutperformMaintained
    CitigroupBuyUpgraded
    Raymond JamesOutperformMaintained
    Deutsche BankHoldDowngraded
    Stifel NicolausBuyUpgraded
    Goldman SachsNeutralDowngraded
    Bank of AmericaNeutralDowngraded
    UBSBuyInitiated
    PiperJaffrayOverweightInitiated
    Deutsche BankBuyUpgraded
    Stifel NicolausHoldInitiated
    Morgan StanleyEqual-WeightDowngraded
    CitigroupNeutralMaintained
    CitigroupHoldMaintained
    JefferiesBuyMaintained
    Deutsche BankHoldMaintained
    CitigroupNeutralMaintained
    Drexel HamiltonBuyInitiated
    Stifel NicolausBuyMaintained
    CitigroupNeutralInitiated
    Morgan StanleyOverweightUpgraded
    JefferiesBuyUpgraded
    JefferiesHoldMaintained
    Morgan StanleyEqual-WeightInitiated
    RBC CapitalOutperformUpgraded
    Deutsche BankHoldDowngraded
    Raymond JamesOutperformUpgraded
    B. Riley FBRBuyInitiated
    B. RileyBuyInitiated
    RBC CapitalSector PerformMaintained
    CitigroupNeutralMaintained
    Deutsche BankBuyMaintained
    NomuraBuyInitiated
    Deutsche BankBuyMaintained
    BMO CapitalOutperformMaintained
    NorthlandOutperformInitiated
    NomuraBuyMaintained
    MKM PartnersBuyMaintained
    Goldman SachsBuyUpgraded
    CitigroupNeutralMaintained
    CitigroupNeutralMaintained
    UBSBuyUpgraded
    National AllianceBuyInitiated
    RBC CapitalSector PerformDowngraded
    DoughertyBuyInitiated
    NomuraBuyMaintained
    JP MorganOverweightMaintained
    NomuraBuyMaintained
    BMO CapitalOutperformUpgraded
    CitigroupNeutralInitiated
    JefferiesHoldMaintained
    Goldman SachsNeutralMaintained
    JefferiesHoldMaintained
    Stifel NicolausBuyMaintained
    Northland SecuritiesOutperformMaintained
    NomuraBuyMaintained
    BMO CapitalMarket PerformMaintained
    William BlairOutperformInitiated
    NomuraBuyMaintained
    JefferiesHoldMaintained
    BMO CapitalMarket PerformMaintained
    Cowen & Co.OutperformInitiated
    JefferiesHoldMaintained
    UBSNeutralMaintained
    Goldman SachsNeutralMaintained
    Deutsche BankBuyMaintained
    CitigroupBuyMaintained
    BMO CapitalMarket PerformMaintained
    NomuraBuyMaintained
    Deutsche BankBuyMaintained
    BMO CapitalMarket PerformDowngraded
    BarclaysUnderweightDowngraded
    BarclaysUnderperformDowngraded
    FBR CapitalOutperformUpgraded
    LazardNeutralInitiated
    UBSNeutralMaintained
    JP MorganOverweightMaintained
    Goldman SachsNeutralMaintained
    Deutsche BankBuyMaintained
    Bank of AmericaBuyMaintained
    Goldman SachsNeutralInitiated
    JefferiesHoldUpgraded
    JP MorganOverweightMaintained
    CitigroupBuyMaintained
    JP MorganOverweightUpgraded
    Miller TabakBuyMaintained
    Stifel NicolausBuyUpgraded
    Morgan KeeganMarket PerformMaintained

    CIENA Corp. (CIEN) Stock Earning Per Share (EPS) Forecast / Estimate


    $0.875
    The average consensus EPS for CIEN is $0.875 with a high estimate of $0.976 and Low of $0.794 for the period 2021-12-31 and based on 19 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $0.92$0.80621820000000012021-09-30


    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $$0.87503762021-12-31
    $0.92$0.80621820000000012021-09-30
    $0.62$0.49152782021-06-30
    $0.52$0.45651122021-03-31
    $0.6$0.63863220000000012020-12-31
    $1.06$0.839462020-09-30
    $0.76$0.50452262020-06-30
    $0.52$0.3880082020-03-31
    $0.58$0.64438500000000012019-12-31
    $0.71$0.58682642019-09-30
    $0.48$0.41364062019-06-30
    $0.33$0.3033992019-03-31
    $0.53$0.4937312018-12-31
    $0.48$0.366486000000000032018-09-30
    $0.23$0.3061022018-06-30
    $0.15$0.12873422018-03-31
    $0.46$0.51260100000000012017-12-31
    $0.51$0.5016872017-09-30
    $0.45$0.37508462017-06-30
    $0.26$0.295340999999999962017-03-31
    $0.44$0.47456520000000012016-12-31
    $0.42$0.389211600000000052016-09-30
    $0.34$0.273258000000000062016-06-30
    $0.18$0.1417292016-03-31
    $0.42$0.39135362015-12-31
    $0.37$0.343046400000000032015-09-30
    $0.35$0.23972015-06-30
    $0.12$0.0275400000000000022015-03-31
    $-0.08$0.126992014-12-31
    $0.32$0.290192014-09-30
    $0.17$0.133089599999999972014-06-30
    $0.13$0.058652014-03-31
    $0.16$0.245769000000000022013-12-31
    $0.23$0.164730000000000022013-09-30
    $0.02$-0.00976142013-06-30
    $0.12$-0.13689422013-03-31
    $-0.07$-0.063752012-12-31
    $-0.04$-0.02457182012-09-30
    $0.04$-0.0291413999999999982012-06-30
    $-0.17$-0.050071799999999992012-03-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).