9 Analysts Assess Ciena: What You Need To Know
Portfolio Pulse from Benzinga Insights
In the past three months, 9 analysts have rated Ciena (NYSE:CIEN), with a mix of bullish and neutral sentiments. The average 12-month price target has increased by 12.48% to $62.00. Analysts have adjusted their ratings and price targets, reflecting changing market conditions and company performance. Despite a revenue decline, Ciena shows strong profitability and financial health.
September 23, 2024 | 1:01 pm
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POSITIVE IMPACT
Ciena has received mixed analyst ratings, with a notable increase in the average price target to $62.00, indicating positive sentiment. Despite a revenue decline, Ciena's strong profitability and financial health are highlighted.
The increase in the average price target and the majority of bullish ratings suggest a positive short-term outlook for Ciena. Despite a revenue decline, the company's strong profitability metrics and financial health support this sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100