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 most optimistic price target was 36, implying a possible profit of 41.62 percent. The lowest price target was 24, which equates to a potential downside of -5.59 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. That number becomes 3.75 percent if we expand the time horizon to include the past 3 months instead of just one. 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.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, 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.
CIEN has an estimated earnings growth rate of 93.68 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, 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, but many choose to perform ratio comparisons with other companies in the industry. CIEN has a PEG ratio of 0.36.
CIEN has a 52-week high of 27.98 and a 52-week low of 18.72. The current market price is above the trailing year's low by 35.79 percent, and below the high by 9.15 percent. CIEN has a P/E 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.