In the year following Catharine’s ratings, the stocks covered yield an average return of 9.7% according to TipRanks.com. The analyst placed a $27.00 price target on the stock which indicates a 23.97% upside to the last closing price. Buy Rating for CIENA by Needham & Company, LLC from 01/13/21. We explain how and compare the best share dealing platforms. Of note is the ratio of Ciena Corp's sales and general administrative expense to its total operating expenses; 28.59% of US stocks have a lower such ratio. BidaskClub upgraded shares of Ciena (NYSE:CIEN) from a buy rating to a strong-buy rating in a report published on Monday morning, BidAskClub reports.. Several other equities research analysts have also recently weighed in on CIEN. in a report on Thursday, September 24th. Ciena Corporation stock, best known for its network hardware, software, and services, has more room for growth in the near term. Summary. Ciena Corporation stock is up 42.60% over the last 12 months, and the average rating from Wall Street analysts is a Buy.InvestorsObserver’s proprietary ranking system, gives CIEN stock a score of 82 out of a possible 100.. That rank is primarily influenced by a short-term technical score of 96. Ciena posted strong earnings growth, but guidance and comments at the earnings call caused the stock to lose all its YTD gains. In a research note issued to investors, Catharine Trebnick at Dougherty Reiterated their Buy rating on Ciena Corporation (NYSE:CIEN). Amid a strong stock market rally, Vertex Pharmaceuticals, Amazon.com, Microsoft, Seattle Genetics and Ciena all moved into buy zones Monday. Ciena posted strong quarterly results but warned on revenue weakness. Over the past year the S&P 500 is higher by 19.49% while CIEN has risen 25.47%. Ciena stock could rebound back to the $55-60 level in 2021. The price is currently higher than the upper Bollinger band, which is usually an indicator of a near-term correction ; Ciena posted its financial report on December 10; Should I buy Ciena stock? STEP 1: PROPER RESEARCH IS ESSENTIAL. CIEN's rank also includes a long-term technical score of 94. CIEN has risen $1.13 from the previous closing price of $42.67 on volume of 1,130,465 shares. 1 analyst recommended to SELL the stock. This rating change essentially reflects an upward trend in earnings estimates -- … Counting on Wednesday, it's been 5 consecutive sessions in green for Ciena. Ciena has approximately 6,000 employees, as of October 2018. Ciena (NYSE:CIEN) was downgraded by equities researchers at BidaskClub from a "strong-buy" rating to a "buy" rating in a note issued to investors on Thursday, BidAskClub reports. Markets Insider. In a report issued on August 27, Rosenblatt Securities also maintained a Buy rating on the stock with a $64.00 price target. CIEN is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. A number of other equities analysts have also recently weighed in on the stock. Users who like China Stock Market - The Time To Buy Is Now - NOT IN A DECADE!! Stifel Nicolaus lowered their price target on shares of Ciena from $61.00 to $54.00 and set a buy rating on the stock in a research report on Friday, September 4th. Citigroup cut their target price on Ciena from $65.00 to $55.00 and set a buy rating on the stock in a research note on Friday, September 4th. Ciena (CIEN) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). In the latest trading session, Ciena (CIEN) closed at $43.99, marking a +1.45% move from the … Ciena Corporation (), which is in the communications business, and is based in United States, saw a significant share price rise of over 20% in the past couple of months on the NYSE.As a mid-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock. In the last year, 2 stock analysts published opinions about CIEN-N. 1 analyst recommended to BUY the stock. CIENA Corporation -- Moody's announces completion of a periodic review of ratings of CIENA Corporation Moodys 30d The 7 Best 5G Stocks to Buy Now for Long-Term Growth CIEN has a market capitalization of $8,159,451,984 -- more than approximately 80.22% of US stocks. Buy CIENA stocks / shares – A Step by Step Guide how to Buy / Purchase CIENA Stocks or Shares online. Ciena's Gloomy Outlook Casts a Dark Cloud Over Infinera Stock Why Ciena Stock Just Crashed 23% -- and Took Infinera, Lumentum, and II-VI Down With It Should You Buy Infinera’s Stock … The company has been described by The Baltimore Sun as the "world's biggest player in optical connectivity." CIEN earned $1.54 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 28.34. B. Riley increased their price objective on Ciena from $46.00 to $51.50 and gave the company a neutral rating in a research report on Friday, December 11th. Stay up to date with Ciena Corp stock news. Ciena Corporation (NYSE:CIEN) has a beta value of 0.84 and has seen 2,800,782 shares traded in the last trading session. ! If … 4 Best 5G Stocks to Buy as the Trend Heats Up These 5G stocks should benefit the most as 5G gets its start in 2019 By Chris Lau , InvestorPlace Contributor May … One stock to keep an eye on is Ciena (CIEN). China Stock Market - The Time To Buy Is Now - NOT IN A DECADE!!! CIEN stock has rallied just 26% off the recent bottom significa... Zacks Investment Research - 1 month ago. Ciena Corporation is an American telecommunications networking equipment and software services supplier based in Hanover, Maryland. Beta and standard deviation are two commonly used measures to help you make the right decision. The company reported revenues of $3.57 billion for 2019. Press Release reported on 01/13/21 that Consolidated Communications Builds 5G-Ready Network with Ciena’s Adaptive IP Solution. The company, currently valued at $7.62 Billion, closed the last trade at $49.65 per share which meant it gained $2.8 on the day or 6.02% during that session. Users who liked this track. CIEN Stock Summary. In a report issued on December 3, Rosenblatt Securities also maintained a Buy rating on the stock with a $47.00 price target. Finally, JPMorgan Chase & Co. reaffirmed a buy … Is Ciena a good investment or a top pick? Currently, the analyst consensus on Ciena is a Strong Buy with an average price target of $60.29, implying a 29.4% upside from current levels. CHATHAM, ON, Jan. 14, 2021 /CNW/ - TekSavvy Solutions Inc. (TekSavvy), Canada's largest independent Internet service provider (ISP), today announced an agreement with Ciena to utilize its best … Business Insider. Press Release reported on 07/01/20 that Ciena Appoints Hassan Ahmed to Board of Directors >> Stay Up To Date On The Best Stocks Under $5 + … See Ciena Corp real time stock price, historical quotes and price charts. The CIEN stock price is -0.52% off its 52-week high price of $49.91 and 38.41% above the 52-week low of $30.58. Buy Ciena Corp stock (CIEN). by Modern Value Investing with Sven Carlin published on 2019-08-20T23:52:49Z. Is Ciena Corporation (NYSE:CIEN) a good stock to buy right now? One stock to keep an eye on is Ciena (CIEN Quick Quote CIEN - Free Report) . Ciena stock brief. Rosenblatt Securities lowered shares of Ciena from a “buy” rating to a “neutral” rating and set a $45.00 target price on the stock. Price closed on Wednesday at $52.50 after merely moving a 0.59%. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before doing days of research on it. Ever wondered how to buy stock in Ciena Corporation? Ciena (CIEN) Gains But Lags Market: What You Should Know. Zacks Investment Research downgraded shares of Ciena from a hold rating to a sell rating and set a $41.00 price target on the stock. The company’s stock price has collected 3.95% of gains in the last five trading sessions. However, you can measure a Ciena stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Ciena has an analyst consensus of Strong Buy, with a price target consensus of $48.70, representing a 40.6% upside. Given the investment horizon of 30 days the coefficient of variation of Ciena is 355.54. Is Ciena a buy or a sell? Invest in Ciena Corp stock and … Ciena (CIEN) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). Ciena Corporation (NYSE:CIEN) went up by 6.93% from its latest closing price when compared to the 1-year high value of $57.19 and move down -0.42%, while CIEN stocks collected +5.98% of gains with the last five trading sessions. Plus a detailed analysis of the communication … Ciena was recommended as a Top Pick by Jim Cramer - Mad Money on … Ciena Corporation (CIEN) stock has risen 2.65% while the S&P 500 has fallen -0.04% as of 10:00 AM on Friday, Dec 13. Valuations are compelling at these levels. Investors who are in the know are getting more optimistic. Is Ciena Corporation (NYSE:CIEN) a healthy stock for your portfolio? The latest stock analyst recommendation is DON'T BUY. Read the latest stock experts' ratings for Ciena. Ciena Corporation (NYSE:CIEN) went up by 2.37% from its latest closing price compared to the recent 1-year high of $61.51. The number of long hedge fund bets rose by 2 lately. Ciena Corporation (), which is in the communications business, and is based in United States, saw significant share price movement during recent months on the NYSE, rising to highs of US$44.47 and falling to the lows of US$34.73.Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. 3.95 % of gains in the year following Catharine ’ s Adaptive IP Solution for Value by Baltimore! Long-Term technical score of 94 has seen 2,800,782 shares traded in the last 12 months, giving it a ratio! -- more than approximately 80.22 % of US stocks Market - the to. 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