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Ciena Corp (NYSE:CIEN) stock price target increased to $32.00, issued a research note today by Dougherty & Company

Having a price of $27.50, Ciena Corp (NYSE:CIEN) traded 2.15% higher on the day. With the last stock price up -7.86% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.03% over the same period. CIEN has recorded a 50-day average of $21.81 and a two hundred day average of $23.74. Trade Volume was down over the average, with 1,320,088 shares of CIEN changing hands under the typical 3,224,100

In a statement issued on 06/02/2017 Dougherty & Company bumped up the target of Ciena Corp (NYSE:CIEN) from $26.00 to $32.00 reporting a possible upside of 0.16%.

On 6/2/2017, Argus released a statement about Ciena Corp (NYSE:CIEN) upped the target price from $27.00 to $33.00 that suggested an upside of 0.20%.

Recent Performance Chart

Ciena Corp (NYSE:CIEN)

Ciena Corp has PE ratio of 23.93 with a one year low of $18.94 and a 52 week high of $27.98 and has a market cap of $0.

In addition to Dougherty & Company reporting its target price, a total of 17 brokers have issued a report on the stock. The consensus target price is $24.44 with 6 brokers rating the stock a strong buy, 12 brokers rating the stock a buy, 2 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Ciena Corp (NYSE:CIEN)

Ciena Corporation is a network strategy and technology company, which provides solutions that enable a range of network operators to adopt communication architectures and deliver an array of services, relied upon by enterprise and consumer end users. It provides equipment, software and services that support the transport, switching, aggregation, service delivery and management of voice, video and data traffic on communications networks. It segments include Networking Platforms; Software and Software-Related Services, and Global Services. The Networking Platforms segment consists of Converged Packet Optical, Packet Networking and Optical Transport product portfolios. The software business is engaged in the development and licensing of element and network management software and software-related services that support its hardware offerings. It offers a suite of consulting and support services that help its customers to design, optimize, deploy and maintain their communications networks.

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