# Ciena Corporation  Share Price Target ‘$59.25’, now 24.4% Upside Potential

- Link: https://www.directorstalkinterviews.com/ciena-corporation-share-price-target-59.25-now-24.4-upside-potential/4121150488
- Published: 2024-04-05T14:00:51+01:00
- Author: Charlotte Edwards

**Ciena Corporation** with ticker code (CIEN) have now 12 market analysts covering
the stock. The analyst consensus now points to a rating of ‘buy’. The target price
High/Low ranges 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 $47.61
this would imply there is now a potential upside of 24.4%. There is a 50 day moving
average of $53.61 and the 200 moving average now moves to $46.72. The total market
capitalization for the company now stands at 6.92B. The stock price for the company
is currently $47.85 USD

 The potential market cap would be $8,610,917,247 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 31.07, 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.

Share on: