NYSE:CIEN Ciena (CIEN) Stock Forecast, Price & News $47.14 +0.25 (+0.53%) (As of 09/22/2023 ET) Add Compare Share Share Today's Range$46.98▼$47.6950-Day Range$40.44▼$50.0052-Week Range$38.33▼$54.25Volume1.01 million shsAverage Volume1.71 million shsMarket Capitalization$6.97 billionP/E Ratio31.85Dividend YieldN/APrice Target$61.35 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Ciena MarketRank™ ForecastAnalyst RatingModerate Buy2.83 Rating ScoreUpside/Downside30.2% Upside$61.35 Price TargetShort InterestHealthy2.43% of Float Sold ShortDividend StrengthN/ASustainability-0.77Upright™ Environmental ScoreNews Sentiment0.25Based on 8 Articles This WeekInsider TradingSelling Shares$1.77 M Sold Last QuarterProj. Earnings Growth25.00%From $1.96 to $2.45 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.3.18 out of 5 starsComputer And Technology Sector18th out of 586 stocksTelephone & Telegraph Apparatus Industry1st out of 11 stocks 4.4 Analyst's Opinion Consensus RatingCiena has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on 8 buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $61.35, Ciena has a forecasted upside of 30.2% from its current price of $47.14.Amount of Analyst CoverageCiena has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.43% of the float of Ciena has been sold short.Short Interest Ratio / Days to CoverCiena has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Ciena has recently increased by 2.61%, indicating that investor sentiment is decreasing. Previous Next 0.0 Dividend Strength Dividend YieldCiena does not currently pay a dividend.Dividend GrowthCiena does not have a long track record of dividend growth. Previous Next 3.9 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreCiena has received a 51.46% net impact score from Upright. The largest positive contribution comes from its "Knowledge infrastructure" impact, which is mostly driven by its "Routers", "Network switches", and "Telecommunications network engineering for 5G networks" products. See details.Environmental SustainabilityThe Environmental Impact score for Ciena is -0.77. Previous Next 2.9 News and Social Media Coverage News SentimentCiena has a news sentiment score of 0.25. 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 0.57 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 8 news articles for Ciena this week, compared to 6 articles on an average week.Search Interest30 people have searched for CIEN on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.MarketBeat Follows8 people have added Ciena to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn 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 $1,772,058.00 in company stock.Percentage Held by InsidersOnly 0.99% of the stock of Ciena is held by insiders.Percentage Held by Institutions90.02% of the stock of Ciena is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Ciena are expected to grow by 25.00% in the coming year, from $1.96 to $2.45 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Ciena is 31.85, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 109.97.Price to Earnings Ratio vs. SectorThe P/E ratio of Ciena is 31.85, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 240.00.Price to Earnings Growth RatioCiena has a PEG Ratio of 1.60. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioCiena has a P/B Ratio of 2.37. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Ciena (NYSE:CIEN) StockCiena Corporation provides hardware and software services for delivery of video, data, and voice traffic metro, aggregation, and access communications network worldwide. The company's Networking Platforms segment offers convergence of coherent optical transport, open optical networking, IP routing, and switching services. Its products include 6500 Packet-Optical Platform, 5400 Reconfigurable Switching System, Waveserver stackable interconnect system, and the 6500 Reconfigurable line system, and the 5400 family of Packet-Optical platforms, as well as Z-Series Packet-Optical Platform; 3000 family of service delivery switches and the 5000 family of service aggregation switches, as well as 8700 Packetwave Platform and 6500 Packet Transport System. This segment also sells operating system software and enhanced software features embedded in each of its products. The company's Blue Planet Automation Software and Services segment provides multi-domain service orchestration, inventory, route optimization and analysis, network function virtualization orchestration, analytics, and related services. Its Platform Software and Service segment offers OneControl unified management system that support network solutions. The company's Global Services segment provides consulting and network design, installation and deployment, maintenance support, and training services. Ciena Corporation was incorporated in 1992 and is headquartered in Hanover, Maryland.Read More CIEN Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CIEN Stock News HeadlinesSeptember 6, 2023 | marketbeat.comDoes Ciena's Earnings Beat Signal New Networking Boom Ahead?Network gear maker Ciena saw a sizeable gap-up in stock price after strong Q3 earnings. What does that say about prospects for the broader industry?August 29, 2023 | marketbeat.com3 Inexpensive Mid Cap Tech Stocks With Good Growth Prospects (CIEN)A prudent portfolio strategy can be paring back outperformers and reallocating to less popular, less expensive names - like these three mid-cap tech stocks.September 24, 2023 | Stansberry Research (Ad)Is NVIDIA Leading a "Magnificent Seven Bubble"?The world’s massive tech leaders may be in a bubble, led by NVIDIA’s enormous rise this year. What happens next could affect all stocks. September 19, 2023 | finance.yahoo.comVirgin Media Ireland Automates Delivery of Next-Gen Fibre Broadband Services with Blue PlanetSeptember 18, 2023 | americanbankingnews.comCiena Co. (NYSE:CIEN) Receives Average Recommendation of "Moderate Buy" from BrokeragesSeptember 18, 2023 | americanbankingnews.comBrokers Offer Predictions for Ciena Co.'s FY2023 Earnings (NYSE:CIEN)September 14, 2023 | finance.yahoo.comCiena's (CIEN) Coherent Solutions Being Leveraged by EdgeUnoSeptember 13, 2023 | finance.yahoo.comEdgeUno Improves Network Connectivity in Brazil and Mexico with Ciena’s WaveLogic 5 Nano 400ZR PluggablesSeptember 24, 2023 | Stansberry Research (Ad)Is NVIDIA Leading a "Magnificent Seven Bubble"?The world’s massive tech leaders may be in a bubble, led by NVIDIA’s enormous rise this year. What happens next could affect all stocks. September 7, 2023 | uk.finance.yahoo.comMultiple Headwinds Dragged Ciena Corporation (CIEN) in Q2September 7, 2023 | finance.yahoo.comCiena Corporation: Demand recovery underwaySeptember 2, 2023 | msn.comUBS Maintains CIENA (CIEN) Neutral RecommendationSeptember 1, 2023 | msn.comRosenblatt Maintains CIENA (CIEN) Buy RecommendationSeptember 1, 2023 | markets.businessinsider.comNeedham Maintains Buy Rating for Ciena: Here's What You Need To KnowSeptember 1, 2023 | finance.yahoo.comCiena Corporation (NYSE:CIEN) Q3 2023 Earnings Call TranscriptSeptember 1, 2023 | finance.yahoo.comCiena (CIEN) Q3 Earnings & Revenues Top Estimates, Rise Y/YSeptember 1, 2023 | msn.comCiena jumps after third quarter earnings beat estimatesSeptember 1, 2023 | finance.yahoo.comQ3 2023 Ciena Corp Earnings CallAugust 31, 2023 | finance.yahoo.comCiena (CIEN) Q3 Earnings and Revenues Surpass EstimatesAugust 31, 2023 | proactiveinvestors.comCiena stock rises as broadband firm beats expectationsAugust 31, 2023 | sfgate.comCiena: Fiscal Q3 Earnings SnapshotAugust 31, 2023 | businesswire.comCiena Reports Fiscal Third Quarter 2023 Financial ResultsAugust 31, 2023 | msn.comCiena’s stock surges after profit and revenue rise above projectionsAugust 31, 2023 | marketwatch.comCiena Shares Rise 15% as Supply Chains Improve, Revenue SurgesAugust 31, 2023 | finance.yahoo.comCiena Stock Rallies After Earnings. CEO Says “Demand Is Solid.”August 31, 2023 | finance.yahoo.comWhy Ciena Corporation Jumped TodayAugust 31, 2023 | seekingalpha.comCiena Guidance Helps Ease Some Fears, But Near-Term Demand Is Likely To Be ChoppySee More Headlines Receive CIEN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Ciena and its competitors with MarketBeat's FREE daily newsletter. Email Address CIEN Company Calendar Last Earnings8/31/2023Today9/24/2023Fiscal Year End10/31/2023Next Earnings (Estimated)12/14/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Telephone & telegraph apparatus Sub-IndustryCommunications Equipment SectorComputer and Technology Current SymbolNYSE:CIEN CUSIP17177930 CIK936395 Webwww.ciena.com Phone(410) 694-5700Fax410-694-5750Employees8,079Year Founded1992Price Target and Rating Average Stock Price Forecast$61.35 High Stock Price Forecast$76.00 Low Stock Price Forecast$41.00 Forecasted Upside/Downside+30.2%Consensus RatingModerate Buy Rating Score (0-4)2.83 Research Coverage12 Analysts Profitability EPS (Most Recent Fiscal Year)$1.48 Trailing P/E Ratio31.85 Forward P/E Ratio24.05 P/E Growth1.6Net Income$152.90 million Net Margins5.23% Pretax Margin7.53% Return on Equity10.00% Return on Assets5.13% Debt Debt-to-Equity Ratio0.52 Current Ratio3.95 Quick Ratio2.71 Sales & Book Value Annual Sales$3.63 billion Price / Sales1.92 Cash Flow$2.36 per share Price / Cash Flow20.01 Book Value$19.93 per share Price / Book2.37Miscellaneous Outstanding Shares147,840,000Free Float146,378,000Market Cap$6.97 billion OptionableOptionable Beta0.91 Social Links Investing Strategies To Help Grow Your Retirement IncomeNeed to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.Get This Free Report Key ExecutivesDr. Patrick H. Nettles (Age 80)Exec. Chairman Comp: $156kMr. Gary B. Smith (Age 63)CEO, Pres & Director Comp: $1.01MMr. James E. Moylan Jr. (Age 72)Sr. VP of Fin. & CFO Comp: $595.43kMr. Scott Alexander McFeely (Age 59)Sr. VP of Global Products & Services Comp: $565.54kMr. Jason M. Phipps (Age 51)Sr. VP of Global Customer Engagement Comp: $535.96kMr. David M. Rothenstein (Age 55)Sr. VP, Chief Strategy Officer & Corp. Sec. Comp: $527.2kMr. Stephen B. Alexander (Age 64)Sr. VP, CTO & Member of Technology Advisory Council Mr. Gregg M. LampfVP of Investor RelationsMs. Sheela KosarajuSr. VP, Gen. Counsel & Assistant Sec.Ms. Rebecca SmithSr. VP of Global Marketing & CommunicationsMore ExecutivesKey CompetitorsFabrinetNYSE:FNArrow ElectronicsNYSE:ARWmonday.comNASDAQ:MNDYCACI InternationalNYSE:CACIBWX TechnologiesNYSE:BWXTView All CompetitorsInsiders & InstitutionsGary B SmithSold 4,166 sharesTotal: $203,259.14 ($48.79/share)Scott McfeelySold 2,000 sharesTotal: $97,800.00 ($48.90/share)Farther Finance Advisors LLCBought 331 shares on 9/12/2023Ownership: 0.001%Gary B SmithSold 4,166 sharesTotal: $203,259.14 ($48.79/share)Portside Wealth Group LLCBought 6,156 shares on 9/1/2023Ownership: 0.004%View All Insider TransactionsView All Institutional Transactions CIEN Stock - Frequently Asked Questions Should I buy or sell Ciena stock right now? 12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last twelve months. There are currently 3 hold ratings, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CIEN shares. View CIEN analyst ratings or view top-rated stocks. What is Ciena's stock price forecast for 2023? 12 brokers have issued 1 year target prices for Ciena's stock. Their CIEN share price forecasts range from $41.00 to $76.00. On average, they predict the company's stock price to reach $61.35 in the next twelve months. This suggests a possible upside of 30.2% from the stock's current price. View analysts price targets for CIEN or view top-rated stocks among Wall Street analysts. How have CIEN shares performed in 2023? Ciena's stock was trading at $50.98 at the beginning of the year. Since then, CIEN stock has decreased by 7.5% and is now trading at $47.14. View the best growth stocks for 2023 here. Are investors shorting Ciena? Ciena saw a drop in short interest during the month of August. As of August 15th, there was short interest totaling 3,450,000 shares, a drop of 11.3% from the July 31st total of 3,890,000 shares. Based on an average daily volume of 2,050,000 shares, the short-interest ratio is presently 1.7 days. Approximately 2.3% of the company's shares are short sold. View Ciena's Short Interest. When is Ciena's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, December 14th 2023. View our CIEN earnings forecast. How were Ciena's earnings last quarter? Ciena Co. (NYSE:CIEN) released its quarterly earnings results on Thursday, August, 31st. The communications equipment provider reported $0.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.08. The communications equipment provider had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.04 billion. Ciena had a net margin of 5.23% and a trailing twelve-month return on equity of 10.00%. The company's revenue was up 23.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.18 EPS. What ETFs hold Ciena's stock? ETFs with the largest weight of Ciena (NYSE:CIEN) stock in their portfolio include iShares North American Tech-Multimedia Networking ETF (IGN), SPDR S&P Telecom ETF (XTL), Future Fund Long/Short ETF (FFLS), iShares U.S. Telecommunications ETF (IYZ), Future Fund Active ETF (FFND), iShares Future Cloud 5G and Tech ETF (IDAT), First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT) and First Trust Indxx NextG ETF (NXTG). What guidance has Ciena issued on next quarter's earnings? Ciena updated its fourth quarter 2023 earnings guidance on Friday, September, 1st. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.06 billion-$1.14 billion, compared to the consensus revenue estimate of $1.10 billion. What is Gary B. Smith's approval rating as Ciena's CEO? 581 employees have rated Ciena Chief Executive Officer Gary B. Smith on Glassdoor.com. Gary B. Smith has an approval rating of 95% among the company's employees. This puts Gary B. Smith in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. What other stocks do shareholders of Ciena own? Based on aggregate information from My MarketBeat watchlists, some companies that other Ciena investors own include NVIDIA (NVDA), Bank of America (BAC), Advanced Micro Devices (AMD), Micron Technology (MU), Intel (INTC), Alibaba Group (BABA), Cisco Systems (CSCO), QUALCOMM (QCOM), Walt Disney (DIS) and Skyworks Solutions (SWKS). What is Ciena's stock symbol? Ciena trades on the New York Stock Exchange (NYSE) under the ticker symbol "CIEN." Who are Ciena's major shareholders? Ciena's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.14%), BNP PARIBAS ASSET MANAGEMENT Holding S.A. (2.87%), State Street Corp (2.84%), Thrivent Financial for Lutherans (1.86%), Alliancebernstein L.P. (1.84%) and Victory Capital Management Inc. (1.71%). Insiders that own company stock include Andrew C Petrik, Andrew C Petrik, David M Rothenstein, David M Rothenstein, Gary B Smith, Gary B Smith, Gary E Dickerson, James E Moylan Jr, James E Moylan, Jr, Jason Phipps, Joseph Cumello, Joseph Gebbia, Judith M Obrien, Rick Hamilton, Scott Mcfeely, Stephen B Alexander, Stephen B Alexander 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Ciena's stock price today? One share of CIEN stock can currently be purchased for approximately $47.14. How much money does Ciena make? Ciena (NYSE:CIEN) has a market capitalization of $6.97 billion and generates $3.63 billion in revenue each year. The communications equipment provider earns $152.90 million in net income (profit) each year or $1.48 on an earnings per share basis. How many employees does Ciena have? The company employs 8,079 workers across the globe. Does Ciena have any subsidiaries? The following companies are subsidiares of Ciena: Akara, Astracom, Catena Networks, Centina Systems Inc, Ciena Canada ULC, Ciena Communications Inc, Ciena Communications Singapore PTE. LTD, Ciena Global Holding LP, Ciena Global Products Company LTD, Ciena Switzerland GMBH, DonRiver, Internet Photonics, Lightera, ONI Systems, Packet Design, PhyFlex Networks, Wavesmith Networks, World Wide Packets, and cyan.Read More How can I contact Ciena? Ciena's mailing address is 7035 RIDGE ROAD, HANOVER MD, 21076. The official website for the company is www.ciena.com. The communications equipment provider can be reached via phone at (410) 694-5700, via email at ir@ciena.com, or via fax at 410-694-5750. This page (NYSE:CIEN) was last updated on 9/24/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Ciena Co. Please log in to your account or sign up in order to add this asset to your watchlist. 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