Rosenblatt has adjusted its outlook on Ciena (CIEN, Financial), reducing the target price for the company’s stock from $73 to $65. Despite the expectation of stable performance in Ciena's optical sector for the March quarter, the firm maintains a Neutral stance on the shares.
The adjustment reflects concerns about looming challenges for the industry. Rosenblatt points to potential pressure on gross margins due to increased tariffs and a broader economic slowdown. These factors are likely to impact the business environment, especially in the latter half of 2025, amid rising costs and economic uncertainty.
As a result of these anticipated conditions, Rosenblatt has revised price targets for companies in its coverage, decreasing them by an average of 19%. This realignment underscores the potential headwinds facing the technology sector in the upcoming years.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for Ciena Corp (CIEN, Financial) is $78.58 with a high estimate of $100.00 and a low estimate of $44.00. The average target implies an upside of 35.86% from the current price of $57.84. More detailed estimate data can be found on the Ciena Corp (CIEN) Forecast page.
Based on the consensus recommendation from 17 brokerage firms, Ciena Corp's (CIEN, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Ciena Corp (CIEN, Financial) in one year is $59.62, suggesting a upside of 3.08% from the current price of $57.84. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Ciena Corp (CIEN) Summary page.
