$70.62
0.62% today
NYSE, Nov 26, 06:15 pm CET
ISIN
US1717793095
Symbol
CIEN

Ciena Corporation Target price 2024 - Analyst rating & recommendation

Ciena Corporation Classifications & Recommendation:

Buy
44%
Hold
56%

Ciena Corporation Price Target

Target Price $65.73
Price $70.18
Deviation
Number of Estimates 15
15 Analysts have issued a price target Ciena Corporation 2025 . The average Ciena Corporation target price is $65.73. This is lower than the current stock price. The highest price target is , the lowest is .
A rating was issued by 18 analysts: 8 Analysts recommend Ciena Corporation to buy, 10 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Ciena Corporation stock has an average upside potential 2025 of . Most analysts recommend the Ciena Corporation stock at Hold.

Sales and Margin forecast 2024, 2025 to 2027

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Quarter Annually
Oct '23 2024
Estimates
Revenue Billion $ 4.39 3.99
20.75% 8.96%
EBITDA Margin 12.01% 12.76%
9.82% 6.20%
Net Margin 5.63% 2.64%
41.61% 53.11%

14 Analysts have issued a sales forecast Ciena Corporation 2024 . The average Ciena Corporation sales estimate is

$4.0b
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. This is
0.67% lower
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$4.0b 0.11%
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, the lowest is
$4.0b 0.85%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $4.4b 20.75%
2024
$4.0b 8.96%
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2025
$4.3b 7.83%
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2026
$4.6b 6.37%
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2027
$4.7b 3.18%
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8 Analysts have issued an Ciena Corporation EBITDA forecast 2024. The average Ciena Corporation EBITDA estimate is

$509m
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. This is
39.84% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$537m 47.28%
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, the lowest is
$492m 35.02%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 $527m 32.61%
2024
$509m 3.34%
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2025
$632m 24.07%
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2026
$729m 15.40%
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EBITDA Margin

2023 12.01% 9.82%
2024
12.76% 6.20%
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2025
14.68% 15.05%
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2026
15.92% 8.45%
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5 Ciena Corporation Analysts have issued a net profit forecast 2024. The average Ciena Corporation net profit estimate is

$105m
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. This is
22.34% lower
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$143m 5.32%
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, the lowest is
$83.8m 38.30%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $247m 71.00%
2024
$105m 57.31%
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2025
$238m 126.04%
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2026
$345m 44.79%
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2027
$406m 17.62%
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Net Margin

2023 5.63% 41.61%
2024
2.64% 53.11%
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2025
5.53% 109.47%
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2026
7.53% 36.17%
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2027
8.59% 14.08%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2027

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Quarter Annually
Oct '23 2024
Estimates
Earnings Per Share $ 1.71 0.73
71.00% 57.31%
P/E 96.14
EV/Sales 2.66

5 Analysts have issued a Ciena Corporation forecast for earnings per share. The average Ciena Corporation <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$0.73
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. This is
22.34% lower
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$0.99 5.32%
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, the lowest is
$0.58 38.30%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $1.71 71.00%
2024
$0.73 57.31%
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2025
$1.65 126.03%
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2026
$2.39 44.85%
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2027
$2.81 17.57%
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P/E ratio

Current 74.82 140.27%
2024
96.14 28.50%
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2025
42.53 55.76%
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2026
29.37 30.94%
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2027
24.98 14.95%
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Based on analysts' sales estimates for 2024, the Ciena Corporation stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 2.64 56.21%
2024
2.66 0.84%
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2025
2.47 7.26%
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2026
2.32 5.99%
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2027
2.25 3.08%
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P/S ratio

Current 2.52 56.58%
2024
2.54 0.67%
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2025
2.35 7.26%
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2026
2.21 5.99%
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2027
2.14 3.08%
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