Colliers Securities analyst Catharine Trebnick reiterated a Buy rating on Ciena (NYSE:CIEN) on Friday, setting a price target of $58, which is approximately 17.05% above the present share price of $49.55.
Trebnick expects Ciena to post earnings per share (EPS) of $0.36 for the first quarter of 2021.
The current consensus among 14 TipRanks analysts is for a Moderate Buy rating of shares in Ciena, with an average price target of $57.96.
The analysts price targets range from a high of $65 to a low of $45.
In its latest earnings report, released on 01/31/2021, the company reported a quarterly revenue of $757.13 million and a net profit of $81.97 million. The company's market cap is $7.69 billion.
According to TipRanks.com, Colliers Securities analyst Catharine Trebnick is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 14.9% and a 54.17% success rate.
Ciena Corp. engages in the provision of network and communication infrastructure. It operates through the following segments: Converged Packet Optical; Packet Networking; Optical Transport; and Software and Services. The Converged Packet Optical segment develops and sells optical processors, switching systems and operating system software. The Packet Networking segment includes service delivery switches, services aggregation switches, and ethernet packet configurations. The Optical Transport segment manufactures and trades optical transport systems, common photonic layer, data networking products, data center interconnection and virtual networks. The Software and Services segment provides wide area network controller, network functions virtualization platform, and software applications. The company was founded by Patrick H. Nettles in November 1992 and is headquartered in Hanover, MD.