Ciena Corporation (CIEN) : The consensus on Ciena Corporation (CIEN) based on 13 analyst recommendation on the company stock is 1.38, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 9 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. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Ciena Corporation (CIEN) stock is expected to deviate a maximum of $3.87 from the average target price of $24.23 for the short term period. 11 Street Experts have initiated coverage on the stock with the most promising target being $33 and the most muted being $17.
Shares of Ciena Corporation rose by 0.23% in the last five trading days and 7.98% for the last 4 weeks. Ciena Corporation is up 30.38% in the last 3-month period. Year-to-Date the stock performance stands at 5.99%. Ciena Corporation (NYSE:CIEN): stock turned positive on Tuesday. Though the stock opened at $22, the bulls momentum made the stock top out at $22.07 level for the day. The stock recorded a low of $21.88 and closed the trading day at $21.93, in the green by 0.27%. The total traded volume for the day was 2,267,899. The stock had closed at $21.87 in the previous days trading.
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.