Ciena Corporation with ticker code (CIEN) now have 12 confirmed analysts covering the stock with the consensus suggesting a rating of ‘buy’. The target price High/Low ranges between 70 and 46 and has a mean target at $59.04. Given that the stocks previous close was at $48.81 this would imply there is now a potential upside of 21.0%. It’s also worth noting that there is a 50 day moving average of $43.65 while the 200 day moving average is $46.68. The company has a market cap of 7.22B. The stock price for the company is currently 48.86 USD
The potential market cap would be $8,737,533,164 based on the market consensus.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 33.47, revenue per share of 28.33 and a 4.44% return on assets.
Ciena Corporation is a networking systems, services and software company. The Company provides solutions, which enable a range of network operators to deploy and manage networks that deliver services to businesses and consumers. The Company operates through four segments. Networking Platforms segment consists of its Converged Packet Optical, and Routing and Switching portfolios. Platform Software and Services segment provides domain control management, analytics, data and planning tools and applications to assist customers in managing their networks. Blue Planet Automation Software and Services segment includes multi-domain service orchestration (MDSO), inventory management (BPI), route optimization and analysis (ROA), network function virtualization orchestration (NFVO), and unified assurance and analytics (UAA). Global Services segment offers a suite of value-added services that help its customers to build, operate and improve their networks.
