Ciena Corporation (NYSE:CIEN) price target raised to $29.50 by UBS Group

ME Staff
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Analyst Ratings For Ciena Corporation (NYSE:CIEN)

Today, UBS Group raised its price target on Ciena Corporation (NYSE:CIEN) to $29.50 per share.

There are 19 Buy Ratings, 3 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 $29.50 per share, a potential 12.68% upside.

Some recent analyst ratings include

  • 7/18/2018-MKM Partners was Downgraded by analysts at MKM Partners from a “Buy” rating to a “” rating. They now have a $32.00 price target on the stock.
  • 7/18/2018-Rosenblatt Securities was Downgraded by analysts at Rosenblatt Securities from a “Buy ” rating to a ” Neutral” rating. They now have a $27.00 price target on the stock.
  • 7/18/2018-MED was Downgraded by analysts at MED from a “Buy ” rating to a ” $26.20″ rating. They now have a $27.00 price target on the stock, up previously from $29.00 .
  • 6/25/2018-Morgan Stanley Upgrade from a “Equal Weight ” rating to a ” Overweight” rating.
  • 6/21/2018-Goldman Sachs Group initiated coverage with a Buy rating.


  • On 7/16/2018 James Frodsham, VP, sold 2,000 with an average share price of $26.99 per share and the total transaction amounting to $53,980.00.
  • On 7/16/2018 Scott Mcfeely, SVP, sold 1,000 with an average share price of $26.98 per share and the total transaction amounting to $26,980.00.
  • On 7/12/2018 Gary B. Smith, CEO, sold 8,000 with an average share price of $27.30 per share and the total transaction amounting to $218,400.00.
  • On 7/11/2018 James E. Moylan, Jr., SVP, sold 2,000 with an average share price of $27.23 per share and the total transaction amounting to $54,460.00.
  • On 6/28/2018 Gary B. Smith, CEO, sold 8,000 with an average share price of $25.84 per share and the total transaction amounting to $206,720.00.
  • On 6/27/2018 James E. Moylan, Jr., SVP, sold 2,000 with an average share price of $25.95 per share and the total transaction amounting to $51,900.00.
  • On 6/21/2018 Andrew C. Petrik, VP, sold 584 with an average share price of $25.55 per share and the total transaction amounting to $14,921.20.

About Ciena Corporation (NYSE:CIEN)
Ciena Corporation provides hardware, software, and services that support the transport, switching, aggregation, service delivery, and management of voice, video, and data 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 and the 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 4200 Advanced Services Platform, 5100/5200 Advanced Services Platform, Common Photonic Layer, and 6100 Multiservice Optical Platform. 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 network management solutions, including the OneControl Unified Management System, ON-Center Network & Service Management Suite, Ethernet Services Manager, Optical Suite Release, and Planet Operate; and Blue Planet network virtualization, service orchestration, and network management software platform, as well as related installation, support, and consulting services. 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 26,22 +0,48 1,86 % with 553206 shares trading hands.