Analyst Ratings for Ciena
Portfolio Pulse from Benzinga Insights
Ciena (NYSE:CIEN) has received positive analyst ratings over the last quarter, with 5 bullish, 1 somewhat bullish, and 2 indifferent ratings. The average 12-month price target for CIEN is $59.62, which is a 9.05% increase from the previous target of $54.67. The high target is $67.00 and the low is $52.00. Analysts rate stocks based on future earnings potential and company risk profile, typically updating their ratings quarterly or after significant company events.
November 28, 2023 | 12:00 pm
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POSITIVE IMPACT
Ciena has received a majority of positive ratings from analysts, with an increased average price target of $59.62, suggesting a bullish outlook.
The positive analyst ratings and the increase in the average price target for Ciena suggest that the market's outlook on the company is optimistic. This could lead to a short-term increase in the stock price as investors react to the favorable analyst coverage and revised targets.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100