Ciena Corporation (NYSE:CIEN) had its Buy ➝ Buy rating reiterated by Jefferies Financial Group with a $45.00 price target

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Analyst Ratings For Ciena Corporation (NYSE:CIEN)

Today, Jefferies Financial Group reiterated its Buy rating on Ciena Corporation (NYSE:CIEN) with a price target of $45.00.

There are 14 Buy Ratings, 7 Hold Ratings, no Strong Buy Ratings, no Sell Ratings on the stock.

The current consensus rating on Ciena Corporation (NYSE:CIEN) is Buy with a consensus target price of $36.9737 per share, a potential 3.36% downside.

Some recent analyst ratings include

  • 1/22/2019-Ciena Corporation (NYSE:CIEN) had its Buy ➝ Buy rating reiterated by Jefferies Financial Group with a $45.00 price target
  • 12/16/2018-Ciena Corporation (NYSE:CIEN) had its Hold rating reiterated by Rosenblatt Securities with a $33.00 price target
  • On 1/15/2019 Stephen B. Alexander, SVP, sold 2,500 with an average share price of $36.79 per share and the total transaction amounting to $91,975.00.
  • On 1/11/2019 Gary B. Smith, CEO, sold 9,600 with an average share price of $36.82 per share and the total transaction amounting to $353,472.00.
  • On 12/28/2018 Gary B. Smith, CEO, sold 9,600 with an average share price of $32.33 per share and the total transaction amounting to $310,368.00.
  • On 12/24/2018 Jason Phipps, SVP, sold 1,585 with an average share price of $31.43 per share and the total transaction amounting to $49,816.55.
  • On 12/21/2018 Rick Hamilton, SVP, sold 4,602 with an average share price of $32.48 per share and the total transaction amounting to $149,472.96.
  • On 12/17/2018 James Frodsham, VP, sold 2,000 with an average share price of $34.28 per share and the total transaction amounting to $68,560.00.
  • On 12/17/2018 Stephen B. Alexander, SVP, sold 2,500 with an average share price of $34.30 per share and the total transaction amounting to $85,750.00.

About Ciena Corporation (NYSE:CIEN)
Ciena Corporation provides network hardware, software, and services that support the transport, switching, aggregation, service delivery, and management of video, data, and voice traffic on communications networks worldwide. The company's Networking Platforms segment offers hardware networking solutions optimized for the convergence of coherent optical transport, optical transport network switching, and packet switching. Its products include 6500 Packet-Optical Platform, 5430 Reconfigurable Switching System, Waveserver stackable interconnect system, CoreDirector Multiservice Optical Switches, and OTN configuration for the 5410 Reconfigurable Switching System, as well as Z-Series Packet-Optical Platform; 3000 family of service delivery switches and service aggregation switches, and the 5000 family of service aggregation switches, as well as 8700 Packetwave Platform and the Ethernet packet configuration for the 5410 Service Aggregation Switch; and 6500 Packet Transport System. This segment also sells operating system software and enhanced software features embedded in each of its products. The company's Software and Software-Related Services segment offers multi-domain service orchestration, inventory, route optimization and assurance, network function virtualization orchestration, analytics, and related services; and OneControl unified management system and platform software services, as well as manage, control, and plan software. Its Global Services segment provides consulting and network design, installation and deployment, maintenance support, and training services. The company sells its products through direct and indirect sales channels to network operators. Ciena Corporation was founded in 1992 and is headquartered in Hanover, Maryland.

Recent Trading Activity for Ciena Corporation (NYSE:CIEN)
Shares of Ciena Corporation closed the previous trading session at 38.26 −0.24 0.62% with 38.17 shares trading hands.