Providing a diverse range of perspectives from bullish to bearish, 15 analysts have published ratings on Ciena CIEN in the last three months.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 5 | 3 | 7 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 1 | 3 | 0 | 0 |
| 2M Ago | 3 | 2 | 3 | 0 | 0 |
| 3M Ago | 1 | 0 | 0 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $63.73, a high estimate of $75.00, and a low estimate of $46.00. This upward trend is evident, with the current average reflecting a 9.73% increase from the previous average price target of $58.08.
Exploring Analyst Ratings: An In-Depth Overview
In examining recent analyst actions, we gain insights into how financial experts perceive Ciena. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Meta Marshall | Morgan Stanley | Maintains | Equal-Weight | $63.00 | $63.00 |
| Amit Daryanani | Evercore ISI Group | Maintains | In-Line | $65.00 | $65.00 |
| Karl Ackerman | Exane BNP Paribas | Announces | Neutral | $67.00 | - |
| Ruben Roy | Stifel | Raises | Buy | $75.00 | $68.00 |
| Meta Marshall | Morgan Stanley | Raises | Overweight | $63.00 | $60.00 |
| Samik Chatterjee | JP Morgan | Announces | Neutral | $65.00 | - |
| Jim Suva | Citigroup | Raises | Buy | $68.00 | $44.00 |
| Tal Liani | B of A Securities | Announces | Neutral | $59.00 | - |
| Mike Genovese | Rosenblatt | Raises | Neutral | $60.00 | $54.00 |
| Tim Long | Barclays | Raises | Overweight | $67.00 | $55.00 |
| Ryan Koontz | Needham | Maintains | Buy | $65.00 | $65.00 |
| Meta Marshall | Morgan Stanley | Raises | Overweight | $60.00 | $55.00 |
| Tim Savageaux | Northland Capital Markets | Maintains | Market Perform | $46.00 | $46.00 |
| Ruben Roy | Stifel | Raises | Buy | $68.00 | $62.00 |
| Ryan Koontz | Needham | Raises | Buy | $65.00 | $60.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Ciena. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Ciena compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Ciena's stock. This comparison reveals trends in analysts' expectations over time.
To gain a panoramic view of Ciena's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Ciena analyst ratings.
Unveiling the Story Behind Ciena
Ciena Corp is a network and technology company. It provides network hardware, software, and services that support the transport, switching, aggregation, service delivery, and management of video, data, and voice traffic on communications networks. It serves various industries such as communication services providers, web-scale providers, cable operators, government, and large enterprises world-wide. The business activities function through Networking Platforms; Platform Software and Services; Blue Planet Automation Software, and Global Services segments. Geographically, its presence is seen in the markets of the United States, Canada, the Caribbean, Latin America, Europe, the Middle East, Africa, the Asia Pacific, Japan, and India. The maximum revenue is generated from Americas.
Ciena: A Financial Overview
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Growth: Ciena's revenue growth over a period of 3 months has faced challenges. As of 31 July, 2024, the company experienced a revenue decline of approximately -11.76%. This indicates a decrease in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Ciena's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 1.51%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Ciena's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 0.49%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 0.25%, the company showcases effective utilization of assets.
Debt Management: Ciena's debt-to-equity ratio is below the industry average at 0.55, reflecting a lower dependency on debt financing and a more conservative financial approach.
How Are Analyst Ratings Determined?
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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