# Ciena Corporation  Share Price Target ‘$59.31’, now 3.4% Upside Potential

- Link: https://www.directorstalkinterviews.com/ciena-corporation-share-price-target-59.31-now-3.4-upside-potential/4121142804
- Published: 2024-02-16T12:46:13+00:00
- Author: Charlotte Edwards

**Ciena Corporation** which can be found using ticker (CIEN) now have 13 market 
analysts covering the stock. The analyst consensus now points to a rating of ‘buy’.
The target price High/Low ranges between $70.00 and $42.50 and has a mean share 
price target at $59.31. (at the time of writing). Given that the stocks previous
close was at $57.38 this would indicate that there is a potential upside of 3.4%.
The day 50 moving average is $48.93 and the 200 moving average now moves to $45.23.
The market cap for the company is 8.27B. The stock price for the company is currently
$57.05 USD

 The potential market cap would be $8,551,020,676 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 33.36, 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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