Analysts' ratings for Ciena CIEN over the last quarter vary from bullish to bearish, as provided by 11 analysts.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 2 | 3 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 1 | 0 | 0 | 0 |
| 3M Ago | 5 | 1 | 2 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Ciena, presenting an average target of $88.91, a high estimate of $98.00, and a low estimate of $60.00. Marking an increase of 14.8%, the current average surpasses the previous average price target of $77.45.
Decoding Analyst Ratings: A Detailed Look
The standing of Ciena among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below 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 |
|---|---|---|---|---|---|
| Mike Genovese | Rosenblatt | Lowers | Neutral | $79.00 | $94.00 |
| Samik Chatterjee | JP Morgan | Raises | Overweight | $88.00 | $84.00 |
| Ryan Koontz | Needham | Maintains | Buy | $95.00 | $95.00 |
| Jim Suva | Citigroup | Raises | Buy | $98.00 | $84.00 |
| Tim Long | Barclays | Raises | Overweight | $97.00 | $67.00 |
| Mike Genovese | Rosenblatt | Raises | Neutral | $94.00 | $75.00 |
| Ruben Roy | Stifel | Raises | Buy | $95.00 | $82.00 |
| Tim Savageaux | Northland Capital Markets | Raises | Market Perform | $60.00 | $46.00 |
| Ryan Koontz | Needham | Raises | Buy | $95.00 | $80.00 |
| Tal Liani | B of A Securities | Raises | Buy | $95.00 | $70.00 |
| Ruben Roy | Stifel | Raises | Buy | $82.00 | $75.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Ciena. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Ciena compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Ciena's stock. This comparison reveals trends in analysts' expectations over time.
For valuable insights into Ciena's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on Ciena analyst ratings.
About 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 which generates maximum revenue; Platform Software and Services; Blue Planet Automation Software, and Global Services segments. Geographically, the company derives a majority of its revenue from the Americas, and the rest from the Asia-Pacific (APAC), and Europe, Middle East, and Africa (EMEA) region.
Understanding the Numbers: Ciena's Finances
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Decline in Revenue: Over the 3 months period, Ciena faced challenges, resulting in a decline of approximately -0.48% in revenue growth as of 31 October, 2024. This signifies a reduction in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Ciena's net margin is impressive, surpassing industry averages. With a net margin of 3.29%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Ciena's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 1.3%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Ciena's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.66% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.58.
The Basics of Analyst Ratings
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 publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
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