Fintel reports that on January 28, 2025, JP Morgan upgraded their outlook for Ciena (LSE:0HYA) from Neutral to Overweight.
Analyst Price Forecast Suggests 6.26% Downside
As of December 23, 2024, the average one-year price target for Ciena is 90.24 GBX/share. The forecasts range from a low of 57.92 GBX to a high of 110.93 GBX. The average price target represents a decrease of 6.26% from its latest reported closing price of 96.27 GBX / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Ciena is 5,099MM, an increase of 27.00%. The projected annual non-GAAP EPS is 4.25.
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 0HYA is 0.30%, an increase of 18.55%. Total shares owned by institutions increased in the last three months by 4.06% to 171,555K shares.
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 0HYA 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 0HYA 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 0HYA 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 0HYA 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 0HYA by 6.70% over the last quarter.
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