Ciena (CIEN) Stock Price, News & Analysis

Company Overview

Ciena Corporation is a global supplier of telecommunications networking equipment, software and services. The company specializes in providing high-capacity optical transport platforms, packet-optical transport solutions and coherent optical technology that enable service providers, cable operators, cloud and content providers to build scalable, adaptive networks. Ciena’s product portfolio also includes Ethernet switches, routing platforms and wavelength-division multiplexing (WDM) systems designed to address growing bandwidth demands across metro, regional and long-haul networks.

In addition to hardware, Ciena offers a suite of software applications and systems management tools under its Blue Planet division. These software-defined networking (SDN) and network automation solutions help customers orchestrate, monitor and optimize multi-layer networks in real time. The company combines professional services such as network design, implementation and managed services with customer support to accelerate service delivery and improve operational efficiency.

Ciena serves a diverse global customer base that includes telecommunications carriers, cable multiple-system operators, internet content and cloud service providers, government agencies and large enterprises. The company operates research and development centers, manufacturing facilities and sales offices in North America, Europe, Asia-Pacific and Latin America, supporting deployments in more than 70 countries. Its products are used to support broadband access, mobile backhaul, data center interconnect and high-speed undersea cable networks.

Founded in 1992 and headquartered in Hanover, Maryland, Ciena completed its initial public offering in 1997. Over the years, the company has expanded through strategic acquisitions, including the purchase of Nortel’s Metro Ethernet Networks business in 2009 and Cyan in 2015, bolstering its service orchestration and packet networking capabilities. Since 2014, Ciena has been led by President and Chief Executive Officer Gary Smith, under whose leadership the company has focused on innovation in coherent optics and network automation. Ciena’s mission remains centered on enabling customers to scale bandwidth and simplify network operations in an increasingly digital world.

Key Stats

• Today's Range: $81.38 to $83.21
• 50-Day Range: $72.19 to $83.91
• 52-Week Range: $44.89 to $101.44
• Volume: 3.09 million shs
• Average Volume: 2.15 million shs
• Market Capitalization: $11.68 billion
• P/E Ratio: 114.76
• Dividend Yield: N/A
• Price Target: $84.08
• Consensus Rating: Moderate Buy

Ciena Stock Analysis - MarketRank™

Ciena scored higher than 81% of companies evaluated by MarketBeat, and ranked 178th out of 660 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Ciena has received a consensus rating of Moderate Buy. The company's average rating score is 2.73, and is based on 8 buy ratings, 4 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Ciena has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 59.38%

Earnings Growth

Earnings for Ciena are expected to grow by 59.38% in the coming year, from $1.60 to $2.55 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Ciena is 114.76, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 26.58.

Price to Earnings Ratio vs. Sector

The P/E ratio of Ciena is 114.76, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 33.01.

Price to Earnings Growth Ratio

Ciena has a PEG Ratio of 1.82. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Ciena has a P/B Ratio of 4.24. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.45% of the float of Ciena has been sold short.

Short Interest Ratio / Days to Cover

Ciena has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Ciena has recently increased by 26.90%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Ciena does not currently pay a dividend.

Dividend Growth

Ciena does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 3.9 / 5
• Environmental Score: -0.77

Percentage of Shares Shorted

4.45% of the float of Ciena has been sold short.

Short Interest Ratio / Days to Cover

Ciena has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Ciena has recently increased by 26.90%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.68

News Sentiment

Ciena has a news sentiment score of 0.68. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.85 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 12 news articles for Ciena this week, compared to 14 articles on an average week.

Search Interest

Only 8 people have searched for CIEN on MarketBeat in the last 30 days. This is a decrease of -27% compared to the previous 30 days.

MarketBeat Follows

3 people have added Ciena to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Ciena insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,689,848.00 in company stock.

Percentage Held by Insiders

Only 0.93% of the stock of Ciena is held by insiders.

Percentage Held by Institutions

91.99% of the stock of Ciena is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CIEN Stock Analysis - Frequently Asked Questions

How have CIEN shares performed this year?

Ciena's stock was trading at $84.81 at the beginning of the year. Since then, CIEN stock has decreased by 2.6% and is now trading at $82.6290.

How were Ciena's earnings last quarter?

Ciena Corporation (NYSE:CIEN) issued its quarterly earnings results on Thursday, June, 5th. The communications equipment provider reported $0.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by $0.08. The business's revenue was up 23.6% compared to the same quarter last year.
Read the conference call transcript.

How will Ciena's stock buyback program work?

Ciena's Board of Directors authorized a share buyback plan on Wednesday, October 2nd 2024, which authorizes the company to repurchase $1,000,000,000 in shares, according to EventVestor. This means that the company could buy up to 10.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its shares are undervalued.

Does Ciena have any subsidiaries?

Ciena subsidiaries include these companies: Centina Systems Inc, DonRiver, Packet Design, cyan, World Wide Packets, PhyFlex Networks, Catena Networks, and more.

Who are Ciena's major shareholders?

Top institutional shareholders of Ciena include Wealth Enhancement Advisory Services LLC (0.58%), Assenagon Asset Management S.A. (0.56%), Perpetual Ltd (0.18%) and Public Employees Retirement System of Ohio (0.03%). Insiders that own company stock include James E Moylan Jr, David M Rothenstein, Scott Mcfeely, Jason Phipps, Stephen B Alexander, Rick Hamilton, Dino Diperna, Joseph Cumello, Brodie Gage, Andrew C Petrik and Thomas Michael Nevens.
View institutional ownership trends.

How do I buy shares of Ciena?

Shares of CIEN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Ciena own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Ciena investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), Adobe (ADBE), CrowdStrike (CRWD) and ServiceNow (NOW).

Company Calendar

• Last Earnings: 6/05/2025
• Today: 7/15/2025
• Next Earnings (Estimated): 9/03/2025
• Fiscal Year End: 10/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: Communications Components
• Sub-Industry: Communications Equipment
• Current Symbol: NYSE:CIEN
• CIK: 936395
• Web: www.ciena.com
• Phone: (410) 694-5700
• Fax: 410-694-5750
• Employees: 8,657
• Year Founded: 1992

Price Target and Rating

• Average Price Target for Ciena: $84.08
• High Price Target: $100.00
• Low Price Target: $67.00
• Potential Upside/Downside: +1.8%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.73
• Research Coverage: 15 Analysts

Profitability

• EPS (Trailing Twelve Months): $0.72
• Trailing P/E Ratio: 114.76
• Forward P/E Ratio: 51.64
• P/E Growth: 1.82
• Net Income: $83.96 million
• Net Margins: 2.46%
• Pretax Margin: 3.56%
• Return on Equity: 5.08%
• Return on Assets: 2.55%

Debt

• Debt-to-Equity Ratio: 0.55
• Current Ratio: 3.40
• Quick Ratio: 2.57

Sales & Book Value

• Annual Sales: $4.01 billion
• Price / Sales: 2.91
• Cash Flow: $1.90 per share
• Price / Cash Flow: 43.38
• Book Value: $19.50 per share
• Price / Book: 4.24

Miscellaneous

• Outstanding Shares: 141,370,000
• Free Float: 140,052,000
• Market Cap: $11.68 billion
• Optionable: Optionable
• Beta: 1.11