George Notter analyst at Jefferies reiterates coverage on Ciena (CIEN) stock in the Technology sector with a Buy rating. TipRanks.com has Notter rated as a 4.7 star analyst with a 58% return on investment and a 11.6% success rate. Notter has set a price target of $ 68.
TipRanks.com reports that Ciena stock currently has 15 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target for CIEN's stock is $69.67. The target pricing ranges from a high forecast of $88.00 down to a low forecast of $51.00. Ciena (CIEN)’s stock last closing price was $45.7 which would put the average price target at 52.45% upside.
In addition, TradingView issued a Sell rating for CIEN's stock over the next month, Barchart.com has a Strong sell rating and Yahoo! Finance has a Bullish short-term outlook. Remember, securities are volatile, so please do your own research on CIEN stock.
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