CIEN Stock-Analyst Ratings:
Raymond James maintains an “Outperform” rating and raises the CIEN stock price target to $57 from $55.
Jefferies Financial raise the target price to $65 from $60 and maintains the “Buy” rating on CIEN stock.
Evercore ISI maintains Ciena Corp. with an “In-Line” rating and raises the target price to $55 from $46.
Cowen raises the target price of Ciena Corp. to $76 from $71 on the company’s stock and maintains the “Outperform” rating.
Citigroup maintains the CIEN stock price target of $65 and a “Buy” rating.
CIEN Stock Forecast:
The average analyst target price for Ciena Corp. (CIEN:NYE) over the next 12 months is USD 60.67, according to 14 analysts’ predictions for the company’s shares. The average analyst rating for Ciena Corp is Strong Buy.
Based on 4 good indications and 5 negative signals, the Stock Target Advisor’s personal stock analysis of Ciena Corp is somewhat bearish (Slightly Bearish).
Ciena stock price was 51.04 USD at the most recent closing. The share price of Ciena Corp has changed by +13.37% in the last week, +13.40% in the last month, and -30.42% in the past year.
Ciena Corp. News:
In its most recent quarter, Ciena Corp. outperformed Wall Street projections, capping off a difficult year with executives confident that the worst of the company’s issues are behind them.
Following a poor earnings announcement in September, Ciena (CIEN:NYE) predicted supply chain issues would persist and that its fiscal fourth quarter would not be any better.
Wall Street lost interest in the Hanover-based provider of networking hardware, software, and services due to the gloomy outlook; one analyst claimed the company had no room for growth.
Ciena’s fiscal fourth quarter, which concluded on October 29, surprised Wall Street by spectacularly outperforming analysts’ expectations for both revenue and profit.
Following the release of Ciena’s most recent financial results, the company’s shares responded appropriately and rose 20% by midday.
About Ciena Corporation (CIEN:NYE):
Ciena Corporation offers network hardware, software, and services to assist the administration, aggregation, service delivery, routing, and management of video, data, and voice traffic over communications networks around the world.
Coherent optical transport, optical transport network switching, and packet switching are all converged under the Networking Platforms division of the company’s hardware networking product and solution portfolio.
Additionally, this market provides upgraded software features and operating system software that are already built into all of its goods.
The business’s Blue Planet Automation Software and Services sector offer services such as network function virtualization orchestration, analytics, and multi-domain service orchestration as well as inventory management, route optimization, and analysis.
OneControl’s unified management system, platform software services, manage, control, and plan software are all provided by the company’s Platform Software and Service segment.
The business’ Global Services division offers consultancy, network design, installation, and deployment services, as well as maintenance support and training.
The business offers its goods to network operators through direct and indirect sales channels. The Ciena Corporation was established in 1992, with its main office located in Hanover, Maryland.
Fundamental Stock Analysis Ciena Corp. (CIEN:NYE):
Positive Fundamentals:
Superior risk-adjusted returns:
In the top quartile, this stock has outperformed its sector rivals on a risk-adjusted basis over the course of at least a 12-month holding period.
Low turbulence:
For a hold duration of at least 12 months, the stock’s yearly returns have been stable and constant when compared to peers in its industry, and they are in the top quartile. Although stability is desirable, it can also restrict returns.
A favourable free cash flow:
The last four quarters saw the company generate positive total free cash flow.
Superior growth in revenue:
Compared to its industry, this stock’s revenue growth over the previous five years has been in the top quartile.
Negative Fundamentals:
Excessively expensive in relation to earnings:
CIEN stock is trading above the sector median and at a premium to its peers in terms of price to earnings.
Compared to book value, it is overpriced:
On a price to book value basis, the stock is selling at a premium to the median of its peer group.
Poor cash flow:
The last four quarters saw a negative total cash flow for the organisation.
Priced excessively based on free cash flow:
On a price to free cash flow basis, the stock is trading at a premium to that of its competitors. Its pricing is higher than the sector median. Whenever you are thinking about buying, go with prudence.
Low growth in earnings:
Compared to its sector, this stock’s five-year median earnings growth was lower than average.
