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.
Investment analysts gave a few price targets for CIEN. The most optimistic price target was 36, implying a possible profit of 41.62 percent. The most pessimistic analyst gave a price target of 24, implying a possible loss 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.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. The average change in earnings estimates over the last 90 days is 3.75 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. 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 have revised their quarterly estimates upwards in the past 30 days, while 0 analysts made negative revisions. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 0 analysts that revised their FY estimates downwards.
CIEN has an estimated earnings growth rate of 93.68 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. 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. The PEG ratio of CIEN is 0.36.
In the last 52-weeks, CIEN has achieved a high of 27.98 and a low of 18.72. The current market price is above the trailing year's low by 35.79 percent, 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's next earnings release will be on 0000-00-00, which is days away.