Analyst Ratings for Ciena Corp. (CIEN)Updated: 2017-07-28
An average rating of Overweight has been given to Ciena Corp. (NYSE:CIEN) by analysts covering the stock. About 30 days ago, CIEN was issued an average rating of Overweight.
24 analysts issued ratings on the stock, where 16 gave CIEN a buy rating, 1 gave an overweight rating, 7 issued a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Today, there are 0 more analysts optimistic about the company future as compared with 90 days ago. During this time, the number of analysts bearish on the stock has increased by 0.
CIEN was given price targets by several analysts. The maximum price target given was 36, implying potential capital gains of 41.62 percent. The lowest price target was 24, which equates to a potential downside of -5.59 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. The average change in earnings estimates over the last 90 days is 3.75 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. If we look at the last 90 days instead, we find a net average change of 7.15 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 0 analysts that decreased their estimates. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 0 analysts made negative revisions to their fiscal year's estimates.
The growth rate of CIEN's earnings is estimated by analysts to be 93.68 percent. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 1, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of CIEN is 0.36.
In the trailing 52-weeks, CIEN hit 27.98 at the highest peak, while it's lowest trading point was 18.72. Today's price is 35.79 percent above the 52-week low, and 9.15 percent below the high. CIEN has a price/earnings ratio of 33.41. Investors typically compare the P/E ratio to a company's peers in the industry. The CIEN value stock report compares CIEN to some of its peers using value stock charts. The market cap of CIEN is $3.63 billion. CIEN will post this quarters earnings in days, on 0000-00-00.