# Ciena Corporation – Consensus ‘buy’ rating and 34.8% Upside Potential

- Link: https://www.directorstalkinterviews.com/ciena-corporation-consensus-buy-rating-and-34.8-upside-potential/4121136774
- Published: 2023-12-20T15:23:00+00:00
- Author: Charlotte Edwards

**Ciena Corporation** which can be found using ticker (CIEN) have now 13 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 $70.00 and
$42.50 calculating the average target price we see $58.92. Given that the stocks
previous close was at $43.70 and the analysts are correct then we can expect a percentage
increase in value of 34.8%. It’s also worth noting that there is a 50 day moving
average of $43.90 while the 200 day moving average is $45.10. The company has a 
market capitalization of 6.27B. The stock price is currently at: $43.29 USD

 The potential market cap would be $8,453,712,380 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 25.32, revenue per share of $29.45
and a 4.51% 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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