Buy, Sell or Hold: Ciena (CIEN-N) — Stock Predictions at Stockchase

Home Daily Stock Opinions and Ratings Ciena (CIEN-N)

NYSE:CIEN

45.04

0.32 (0.72%) 1d

Markets extend selling, but tech recovers

Investor Insights

This summary was created by AI, based on 1 opinions in the last 12 months.

The experts have a mixed view on the stock of Ciena (CIEN-N). One expert recommended it as a top pick, but despite that, it triggered its stop at $42 resulting in a net investment loss of 13%. Overall, there seems to be some caution and disappointment surrounding this stock.

Consensus

Mixed

Valuation

Fair Value

Similar

Cisco, CSCO-Q

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Jul 28/22, Down 17.7%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with CIEN has triggered its stop at $42. To remain disciplined, we recommend covering the position at this time. This will result in a net investment loss of 13%, when combined with our previous entry recommendation.

misc industrial products

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O'Reilly We reiterate CIEN, a 5G, router, and switches infrastructure company as a TOP PICK. No doubt supply chain delays, including sourcing out of China has been an issue, but the company has $4 billion in order backlogs. The company trades at 15x next year's earnings compared to peers at 34x. We recommend trailing up the stop loss (from $35) to $42, looking to achieve $72.50 -- upside potential over 42%. Yield 0% (Analysts’ price target is $72.35)

misc industrial products

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O'Reilly With an order backlog reaching $4 billion, CIEN, a 5G, router, and switches infrastructure company is a TOP PICK. No doubt supply chain delays, including sourcing out of China has been an issue, but as things return to normal growth will rebound. The company trades at 17x earnings compared to peers at 34x. Management has revised down their guidance, so forward expectations will be tempered. We recommend setting a stop loss at $35, looking to achieve $74 -- upside potential over 57%. Yield 0% (Analysts’ price target is $73.71)

misc industrial products

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick May 04/21, Up 0.9%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with CIEN has triggered its stop at $51. We recommend covering the remaining position at this time. Combined with the previous recommendation to cover half the position, this results in a total net investment return of 9%.

misc industrial products

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick May 04/21, Up 18.7%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with CIEN has achieved its $60 target. To be disciplined, we recommend covering 50% of the holding and trailing up the stop (from $39) to $51. If triggered, this would all but guarantee a minimum investment return over 9%.

misc industrial products

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O'Reilly CIEN is an internet network solutions company that is well poised for the growth in 5G. Recently reported earnings of $0.52 per share beat analyst expectations by 15%. Less than 2/3 of revenue is derived in North America, providing global diversification. The company holds $1.3 billion in cash. Announcements by the Biden Administration to strengthen internet infrastructure will keep demand for their 5G applications growing. We would buy this with a stop loss at $39, looking to achieve $60 -- upside potential over 19%. Yield 0% (Analysts’ price target is $59.56)

misc industrial products

DON'T BUY

They had a terrible quarter and set other tech stocks down with it. Be careful with this.

misc industrial products

PAST TOP PICK

(A Top Pick Apr 22/19, Up 26%) Still likes this optical networking company (i.e. streaming broadband) very much. They're competing with Huawei, so CIEN will benefit as western companies and governments fear industrial espionage of the former.

misc industrial products

DON'T BUY

A wireline provider in the telecom space. He does not think they are well positioned for the 5G revolution. A good company that is buying back stock, but he would not be a buyer.

misc industrial products

TOP PICK

They're in optimal networking with Google, Facebook and Amazon among their customers. They're getting a boost, because they are a supplier of choice--Huawei is getting shut out of certain markets (Analysts’ price target is $44.22)

misc industrial products

COMMENT

At the present time, this is trading up at quite an astonishing price to book level. In his FMV view, it is about 25% overvalued. There hasn’t been a lot of growth in the BV for some period of time. However, earnings have been notching up nicely. This is what he would call speculatively priced.

misc industrial products

SELL

Would sell and buy Cisco (CSCO-Q) instead.

misc industrial products

DON'T BUY

Has a lot of cash but the stock has dropped in the wink of an eye. Losing money.

misc industrial products

SELL

Has benefited from an upsurge in interest in telecom equipment stocks. The stock is extremely expensive. Would have to grow their revenues 15% over the next eight to 10 years to justify the current valuations.

misc industrial products

HOLD

Thinks the spending is going to come back. Expect this company and Nortel will be in a digestive period for about a year. Bullish long-term.

misc industrial products

Showing 1 to 15 of 28 entries

Ciena(CIEN-N) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for Ciena is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Ciena(CIEN-N) Frequently Asked Questions

What is Ciena stock symbol?

Ciena is a American stock, trading under the symbol CIEN-N on the New York Stock Exchange (CIEN). It is usually referred to as NYSE:CIEN or CIEN-N

Is Ciena a buy or a sell?

In the last year, 1 stock analyst published opinions about CIEN-N. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Ciena.

Is Ciena a good investment or a top pick?

Ciena was recommended as a Top Pick by on . Read the latest stock experts ratings for Ciena.

Why is Ciena stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Ciena worth watching?

1 stock analyst on Stockchase covered Ciena In the last year. It is a trending stock that is worth watching.

What is Ciena stock price?

On 2024-04-24, Ciena (CIEN-N) stock closed at a price of $45.04.

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Ciena(CIEN-N) Rating

Ciena(CIEN-N) Frequently Asked Questions

What is Ciena stock symbol?

Is Ciena a buy or a sell?

Is Ciena a good investment or a top pick?

Why is Ciena stock dropping?

Is Ciena worth watching?

What is Ciena stock price?

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