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.

Several price targets were given for CIEN by the analysts covering the stock. The highest price target was 36, which equates to a potential upside of 41.62 percent. The most pessimistic analyst gave a price target of 24, which equates to a potential downside of -5.59 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is 3.75 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 7.15 percent.

Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 0 analysts increased their quarterly estimates, while 0 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, compared to 0 analysts that revised their FY estimates downwards.

Analysts estimate earnings of CIEN to grow at a rate of 93.68 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. Many investors consider PEG ratios between 0 and 1 as preferrable, although it is frequently more appropriate to compare PEG ratios to the company's peers. CIEN has a PEG ratio of 0.36.

CIEN has traded between a high of 27.98 and a low of 18.72 over the past year. The current market price is above the trailing year's low by 35.79 percent, and 9.15 percent lower than its 52-week 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's next earnings release will be on 0000-00-00, which is days away.