# Ciena Corporation – Consensus ‘buy’ rating and 33.5% Upside Potential

- Link: https://www.directorstalkinterviews.com/ciena-corporation-consensus-buy-rating-and-33.5-upside-potential/4121129759
- Published: 2023-10-13T13:31:42+01:00
- Author: Charlotte Edwards

**Ciena Corporation** which can be found using ticker (CIEN) have now 13 confirmed
analysts covering the stock with the consensus suggesting a rating of ‘buy’. The
target price High/Low ranges between 70 and 46 calculating the mean target price
we have $59.27. Now with the previous closing price of $44.41 and the analysts are
correct then there would likely be a percentage uptick in value of 33.5%. The day
50 moving average is $44.92 and the 200 moving average now moves to $46.50. The 
total market capitalization for the company now stands at 6.44B. The current share
price for the company is: 43.53 USD

 The potential market cap would be $8,588,961,018 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 29.61, 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.

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