The latest price target for Ciena (NYSE:CIEN) was reported by Morgan Stanley on October 28, 2024. The analyst firm set a price target for $63.00 expecting CIEN to fall to within 12 months (a possible -10.17% downside). 40 analyst firms have reported ratings in the last year.

The latest analyst rating for Ciena (NYSE:CIEN) was provided by Morgan Stanley, and Ciena downgraded their equal-weight rating.

The last upgrade for Ciena Corp happened on September 23, 2024 when Citigroup raised their price target to $68. Citigroup previously had a sell for Ciena Corp.

The last downgrade for Ciena Corp happened on October 28, 2024 when Morgan Stanley changed their price target from $63 to $63 for Ciena Corp.

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Ciena, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Ciena was filed on October 28, 2024 so you should expect the next rating to be made available sometime around October 28, 2025.

While ratings are subjective and will change, the latest Ciena (CIEN) rating was a downgraded with a price target of $63.00 to $63.00. The current price Ciena (CIEN) is trading at is $70.13, which is out of the analyst’s predicted range.