Fintel reports that on January 28, 2025, JP Morgan upgraded their outlook for Ciena (NYSE:CIEN) from Neutral to Overweight.
Analyst Price Forecast Suggests 20.06% Upside
As of January 28, 2025, the average one-year price target for Ciena is $91.60/share. The forecasts range from a low of $60.60 to a high of $110.25. The average price target represents an increase of 20.06% from its latest reported closing price of $76.29 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Ciena is 5,084MM, an increase of 26.63%. The projected annual non-GAAP EPS is 4.14.
What is the Fund Sentiment?
There are 985 funds or institutions reporting positions in Ciena. This is an increase of 9 owner(s) or 0.92% in the last quarter. Average portfolio weight of all funds dedicated to CIEN is 0.30%, an increase of 18.55%. Total shares owned by institutions increased in the last three months by 4.15% to 171,702K shares. 
The put/call ratio of CIEN is 0.46, indicating a bullish outlook.
What are Other Shareholders Doing?
Barrow Hanley Mewhinney & Strauss holds 5,219K shares representing 3.67% ownership of the company. In its prior filing, the firm reported owning 5,398K shares , representing a decrease of 3.41%. The firm decreased its portfolio allocation in CIEN by 32.61% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 4,578K shares representing 3.22% ownership of the company. In its prior filing, the firm reported owning 4,570K shares , representing an increase of 0.17%. The firm increased its portfolio allocation in CIEN by 20.27% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 4,492K shares representing 3.16% ownership of the company. In its prior filing, the firm reported owning 4,498K shares , representing a decrease of 0.12%. The firm increased its portfolio allocation in CIEN by 16.61% over the last quarter.
FDGRX - Fidelity Growth Company Fund holds 4,365K shares representing 3.07% ownership of the company. In its prior filing, the firm reported owning 2,850K shares , representing an increase of 34.72%. The firm increased its portfolio allocation in CIEN by 73.84% over the last quarter.
BNP Paribas Asset Management Holding holds 4,305K shares representing 3.03% ownership of the company. In its prior filing, the firm reported owning 4,948K shares , representing a decrease of 14.94%. The firm increased its portfolio allocation in CIEN by 6.70% over the last quarter.
CIENA Background Information
(This description is provided by the company.)
Ciena is a networking systems, services and software company. The Company provides solutions that help its customers create the Adaptive Network™ in response to the constantly changing demands of their end-users. By delivering best-in-class networking technology through high-touch consultative relationships, the Company builds the world's most agile networks with automation, openness and scale.
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This story originally appeared on Fintel.
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