Analyst Scoreboard: 9 Ratings For Ciena
Portfolio Pulse from Benzinga Insights
In the last three months, 9 analysts have rated Ciena (NYSE:CIEN) with a majority being bullish. The 12-month price targets show an average of $62.0, up 4.03% from the previous $59.60. Analyst actions include ratings from 'Outperform' to 'Strong Buy' with adjustments in price targets. Ciena's financial performance shows a positive revenue trend with a growth rate of 16.32% as of 31 October, 2023, a net margin of 8.07%, but an ROE below industry averages at 3.15%.
February 23, 2024 | 4:00 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Ciena has received predominantly bullish ratings from analysts, with a positive adjustment in the 12-month price target to $62.0. The company's financial performance indicates strong revenue growth and net margin, although ROE is below industry averages.
The positive analyst ratings and upward adjustment in price targets suggest confidence in Ciena's future performance. The strong revenue growth and net margin are indicative of solid financial health, which could attract investor interest. However, the below-average ROE might temper some enthusiasm, but overall, the analyst sentiment and financial indicators point towards a likely positive short-term impact on CIEN's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100