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.
A number of analysts gave price targets for CIEN. The most optimistic price target was 36, which equates to a potential upside of 41.62 percent. The most pessimistic price target was 24, which equates to a potential downside of -5.59 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
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. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. 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 made negative revisions. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 0 analysts made negative revisions to their fiscal year's estimates.
Analysts estimate earnings of CIEN to grow at a rate of 93.68 percent. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, even though it may be more relevant to compare the ratio to that of a firm's competitors. CIEN has a PEG ratio of 0.36.
In the last 52-weeks, CIEN has achieved a high of 27.98 and a low of 18.72. Currently the stock is 35.79 percent higher than its low, 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 stock has a market capitalization of $3.63 billion. CIEN's next earnings release will be on 0000-00-00, which is days away.