Brokerage Firm Rating Update on Ciena Corporation (CIEN)

Ciena Corporation (CIEN) : 13 analysts are covering Ciena Corporation (CIEN) and their average rating on the stock is 1.54, which is read as a Buy. 8 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Ciena Corporation (CIEN) also receives 3 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Ciena Corporation (CIEN) : The consensus price target for Ciena Corporation (CIEN) is $25.82 for the short term with a standard deviation of $3.84. The most optimist securities analyst among the 11 who monitor the stock believes that the stock can reach $33, however, the pessimist price target for the company is $19.


For the current week, the company shares have a recommendation consensus of Buy. Also, Brokerage firm Morgan Stanley downgrades its rating on Ciena Corporation (NYSE:CIEN). In a research note issued to the investors, the brokerage major maintains price-target of $23 per share.The shares have been rated Equal-weight. Previously, the analysts had a Overweight rating on the shares. The rating by the firm was issued on September 2, 2016.

Ciena Corporation (NYSE:CIEN): stock was range-bound between the intraday low of $22.66 and the intraday high of $23.5 after having opened at $23.5 on Wednesdays session. The stock finally closed in the red at $23.5, a loss of -1.00%. The stock remained in the red for the whole trading day. The total traded volume was 2,434,783 shares. The stock failed to cross $23.5 in Wednesdays trading. The stocks closing price on Thursday was $22.98.

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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