# Ciena Corporation  Share Price Target ‘$59.31’, now 6.3% Upside Potential

- Link: https://www.directorstalkinterviews.com/ciena-corporation-share-price-target-59.31-now-6.3-upside-potential/4121142003
- Published: 2024-02-09T14:21:20+00:00
- 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 $70.00 and $42.50 with the average share target
price sitting at $59.31. (at the time of writing). Given that the stocks previous
close was at $55.79 this would indicate that there is a potential upside of 6.3%.
Also worth taking note is the 50 day moving average now sits at $48.08 and the 200
moving average now moves to $45.01. The total market capitalization for the company
now stands at 8.04B. The stock price for the company is currently $55.48 USD

 The potential market cap would be $8,542,137,108 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 32.44, 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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