In a recent update, analyst Mike Genovese from Rosenblatt has maintained a "Neutral" rating on Ciena (CIEN, Financial). The decision comes as part of the latest analyst review, reflecting consistent sentiment toward the company's stock.
However, Rosenblatt has lowered the price target for Ciena (CIEN, Financial) from USD 85.00 to USD 78.00. This adjustment represents a decrease of approximately 8.24% from the prior target. The revised target suggests a more conservative outlook on the company's future stock performance.
The updates in rating and price target for Ciena (CIEN, Financial) were announced on June 6, 2025. Investors will closely watch further developments and factors influencing the stock's trajectory in the upcoming months.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for Ciena Corp (CIEN, Financial) is $83.01 with a high estimate of $102.00 and a low estimate of $55.00. The average target implies an upside of 13.63% from the current price of $73.05. More detailed estimate data can be found on the Ciena Corp (CIEN) Forecast page.
Based on the consensus recommendation from 17 brokerage firms, Ciena Corp's (CIEN, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Ciena Corp (CIEN, Financial) in one year is $60.53, suggesting a downside of 17.14% from the current price of $73.05. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Ciena Corp (CIEN) Summary page.
