Ciena Corporation with ticker code (CIEN) now have 14 market analysts covering the stock. The analyst consensus now points to a rating of ‘buy’. The range between the high target price and low target price is between $66.00 and $44.00 with the average target price sitting at $56.54. Given that the stocks previous close was at $57.00 this indicates there is a potential downside of -.8%. It’s also worth noting that there is a 50 day moving average of $50.22 and the 200 moving average now moves to $49.34. The company has a market capitalization of 8.15B. The price for the stock stands currently at: $56.74 USD
The potential market cap would be $8,088,018,924 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 54.56, revenue per share of $28.23 and a 3.1% 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.
