Ciena Corporation with ticker code (CIEN) now have 12 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 $68.00 and $42.50 and has a mean share price target at $59.25. (at the time of writing). Given that the stocks previous close was at $50.22 and the analysts are correct then we can expect a percentage increase in value of 18.0%. Also worth taking note is the 50 day moving average now sits at $53.82 and the 200 day moving average is $46.43. The total market capitalization for the company now stands at 7.33B. The current share price for the company is: $50.69 USD
The potential market cap would be $8,647,911,669 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 32.92, revenue per share of $29.51 and a 4.24% 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.
