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ValuEngine upgraded Ciena Corporation (NYSE:CIEN) to Buy in a report released today.

ValuEngine has upgraded Ciena Corporation (NYSE:CIEN) to Buy in a report released on 7/06/2017.

Just yesterday Ciena Corporation (NYSE:CIEN) traded 0.75% higher at $24.94. Ciena Corporation’s 50-day moving average is $25.58 and its 200-day moving average is $24.51. The last closing price is up -1.39% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.05% over the same time period. 2,548,235 shares of CIEN traded hands, down from an average trading volume of 3,280,770

Recent Performance Chart

Ciena Corporation (NYSE:CIEN)

Ciena Corporation has price-earnings ratio of 31.93 with a one year low of $18.94 and a one year high of $27.98 and has a total market value of $0.

A total of 17 analysts have released a report on Ciena Corporation. Six analysts rating the company a strong buy, twelve analysts rating the company a buy, two analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $24.44.

General Company Details For Ciena Corporation (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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