Expert Ratings For Ciena
Portfolio Pulse from Benzinga Insights
Ciena (NYSE:CIEN) has received mixed analyst ratings over the past three months, with a recent increase in the average 12-month price target to $62.36. Analysts have shown a mix of bullish and neutral stances, with several raising their price targets. Despite a revenue decline, Ciena's financial health is strong, with efficient cost management and low debt dependency.
October 09, 2024 | 12:02 pm
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Ciena has received mixed analyst ratings, with a recent increase in the average 12-month price target to $62.36. Analysts have shown a mix of bullish and neutral stances, with several raising their price targets. Despite a revenue decline, Ciena's financial health is strong, with efficient cost management and low debt dependency.
The increase in the average price target and several analysts raising their targets indicate a positive outlook, despite mixed ratings. Ciena's strong financial health, with efficient cost management and low debt, supports a likely positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100