Ciena Corporation (NYSE:CIEN) shares have been given a 1.63 rating by analysts surveyed by Zacks Investment Research. Sell-side firms often use different terminology for their ratings so this scale provides a simple consensus number.
In the latest statement by the brokerage house, RBC Capital maintains its outlook on Ciena Corporation (NYSE:CIEN). The current rating of the shares is Sector Perform, according to the research report released by the firm.
is due to issue its quarterly earnings report in the upcoming extended-hours session. Given its history, traders can expect very active trading in the issue immediately following its quarterly earnings announcement.
Ciena Corporation (NYSE:CIEN) traded negative at $25.48. On an intraday basis, the price dropped -0.18 points or -0.7%. The composite uptick value was $17.53 million while the combined downtick value was $13.73.
Ciena Corporation shares have received a Mean Price Target of $27.81. According to the rating issued from 18 Wall Street Analysts, the High Price Target is seen at $35 while the Lower end of the Price Target is seen at $11.