NYSE:CIEN Ciena (CIEN) Stock Price, News & Analysis $50.16 +0.33 (+0.66%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$49.76▼$50.7050-Day Range$45.76▼$51.6952-Week Range$39.94▼$63.24Volume748,802 shsAverage Volume1.78 million shsMarket Capitalization$7.21 billionP/E Ratio48.23Dividend YieldN/APrice Target$57.25 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Ciena alerts: Email Address Ciena MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside14.1% Upside$57.25 Price TargetShort InterestHealthy2.93% of Float Sold ShortDividend StrengthN/ASustainability-0.77Upright™ Environmental ScoreNews Sentiment0.82Based on 4 Articles This WeekInsider TradingSelling Shares$769,636 Sold Last QuarterProj. Earnings Growth61.74%From $1.15 to $1.86 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.79 out of 5 starsComputer And Technology Sector46th out of 612 stocksTelephone & Telegraph Apparatus Industry1st out of 10 stocks 3.3 Analyst's Opinion Consensus RatingCiena has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 9 buy ratings, 2 hold ratings, and 1 sell rating.Amount of Analyst CoverageCiena has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Ciena's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.93% of the float of Ciena has been sold short.Short Interest Ratio / Days to CoverCiena has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Ciena has recently increased by 3.23%, 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 2.7 News and Social Media Coverage News SentimentCiena has a news sentiment score of 0.82. 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 higher news sentiment than the 0.53 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Ciena this week, compared to 7 articles on an average week.Search InterestOnly 16 people have searched for CIEN on MarketBeat in the last 30 days. This is a decrease of -6% compared to the previous 30 days.MarketBeat Follows10 people have added Ciena to their MarketBeat watchlist in the last 30 days. This is an increase of 11% 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 $769,636.00 in company stock.Percentage Held by InsidersOnly 0.83% of the stock of Ciena is held by insiders.Percentage Held by Institutions91.99% of the stock of Ciena is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Ciena's insider trading history. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Ciena are expected to grow by 61.74% in the coming year, from $1.15 to $1.86 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Ciena is 48.23, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 140.95.Price to Earnings Ratio vs. SectorThe P/E ratio of Ciena is 48.23, 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 253.64.Price to Earnings Growth RatioCiena has a PEG Ratio of 5.18. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioCiena has a P/B Ratio of 2.60. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Ciena's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Porter & CompanyObama wins Presidential debate When I said Obama would seek a third term… They called me a conspiracy theorist, they said it couldn’t happen, that the 22nd Amendment makes it impossible. But as I explained on live radio years ago, “he could have a proxy… while he remains in control of the administration much like Putin did in Russia.” Please, watch this now before it’s too late. About Ciena Stock (NYSE:CIEN)Ciena 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, optical transport network switching, IP routing, and switching services. Its products include 6500 Packet-Optical Platform, Waveserver stackable interconnect system, and the 6500 Reconfigurable line system, and the 5400 family of Packet-Optical platforms, as well as 8100 coherent routing platforms; 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, multi-cloud orchestration, and unified assurance and analytics services. Its Platform Software and Service segment offers MCP domain controller solution, and OneControl unified management system, as well as planning tools. The company's Global Services segment provides maintenance support and training, installation and deployment, and consulting and network design services. Ciena Corporation was incorporated in 1992 and is headquartered in Hanover, Maryland.Read More CIEN Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CIEN Stock News HeadlinesJuly 19, 2024 | insidertrades.comCiena Co. (NYSE:CIEN) SVP David M. Rothenstein Sells 3,500 SharesJuly 18, 2024 | insidertrades.comCiena Co. (NYSE:CIEN) SVP Sells $170,835.00 in StockJuly 26, 2024 | Behind the Markets (Ad)Rare signal predicts 50% market drop - before electionThe market is near all-time highs, we're told that unemployment is low, AI's a gift to humanity, and the FED will cut rates any day now. But there's one indicator that's flashing a BIG warning sign to investors.July 4, 2024 | insidertrades.comInsider Selling: Ciena Co. (NYSE:CIEN) SVP Sells 2,712 Shares of StockJuly 25 at 2:25 PM | msn.comImplied Volatility Surging for Ciena (CIEN) Stock OptionsJuly 19, 2024 | benzinga.comCiena (NYSE:CIEN) Stock Quotes, Forecast and News SummaryJuly 17, 2024 | americanbankingnews.comAnalysts Set Ciena Co. (NYSE:CIEN) Target Price at $57.25June 28, 2024 | barrons.comInfinera Stock Soars on Nokia Acquisition. It's Challenging Ciena and Huawei.July 26, 2024 | Behind the Markets (Ad)Rare signal predicts 50% market drop - before electionThe market is near all-time highs, we're told that unemployment is low, AI's a gift to humanity, and the FED will cut rates any day now. But there's one indicator that's flashing a BIG warning sign to investors.June 20, 2024 | businesswire.comTDC NET Upgrades Optical Transport Network to 800G with CienaJune 19, 2024 | seekingalpha.comCiena: Reiterate Buy Rating, Worst Of This Cycle May Be OverJune 12, 2024 | benzinga.comCloud Should Be An Outsized Growth Driver For Ciena Across Fiscal 2025: Morgan Stanley AnalystJune 10, 2024 | seekingalpha.comWhy Ciena Soared And Then Slumped After Q2 2024 EarningsJune 7, 2024 | gurufocus.comQ2 2024 Ciena Corp Earnings Call TranscriptJune 6, 2024 | gurufocus.comCiena Rises After Solid Q2 EPS Beat Despite Lowered GuidanceJune 6, 2024 | benzinga.comCiena Reports Stronger-Than-Expected Q2 Results, CEO Highlights Bandwidth Demand GrowthJune 6, 2024 | gurufocus.comCiena Corp (CIEN) Q2 2024 Earnings: Revenue Beats Estimates, Adjusted EPS Surpasses ExpectationsJune 6, 2024 | seekingalpha.comCiena Corporation 2024 Q2 - Results - Earnings Call PresentationSee 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 Company Calendar Last Earnings6/06/2024Today7/26/2024Next Earnings (Estimated)8/29/2024Fiscal Year End10/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorComputer and Technology Industry Telephone & telegraph apparatus Sub-IndustryCommunications Equipment Current SymbolNYSE:CIEN CUSIP17177930 CIK936395 Webwww.ciena.com Phone(410) 694-5700Fax410-694-5750Employees8,483Year Founded1992Price Target and Rating Average Stock Price Target$57.25 High Stock Price Target$66.00 Low Stock Price Target$44.00 Potential Upside/Downside+13.3%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage12 Analysts Profitability EPS (Most Recent Fiscal Year)$1.04 Trailing P/E Ratio48.61 Forward P/E Ratio43.96 P/E Growth5.18Net Income$254.83 million Net Margins3.71% Pretax Margin4.59% Return on Equity7.16% Return on Assets3.69% Debt Debt-to-Equity Ratio0.53 Current Ratio3.88 Quick Ratio2.76 Sales & Book Value Annual Sales$4.15 billion Price / Sales1.75 Cash Flow$3.07 per share Price / Cash Flow16.46 Book Value$19.27 per share Price / Book2.62Miscellaneous Outstanding Shares143,705,000Free Float142,512,000Market Cap$7.26 billion OptionableOptionable Beta0.95 Social Links 7 Stocks to Own Before the 2024 ElectionLooking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.Get This Free Report Key ExecutivesMr. Gary B. Smith (Age 64)CEO, President & Director Comp: $2.5MMr. James E. Moylan Jr. (Age 73)Senior VP of Finance & CFO Comp: $1.15MMr. Jason M. Phipps (Age 52)Senior Vice President of Global Customer Engagement Comp: $1.1MMr. David M. Rothenstein (Age 56)Senior VP, Chief Strategy Officer & Corporate Secretary Comp: $975.37kDr. Patrick H. Nettles (Age 81)Executive Chairman of the Board Comp: $156kMr. Stephen B. Alexander (Age 65)CTO & Member of Technology Advisory Council Comp: $746.16kMr. Gregg M. LampfVice President of Investor RelationsMs. Sheela Kosaraju (Age 51)Senior VP, General Counsel, Assistant Secretary & Interim Chief People Officer Ms. Rebecca SmithSenior VP of Global Marketing & CommunicationsMr. Joseph R. Cumello (Age 52)Senior VP & GM of Blue Planet More ExecutivesKey CompetitorsJuniper NetworksNYSE:JNPRF5NASDAQ:FFIVEchoStarNASDAQ:SATSInterDigitalNASDAQ:IDCCCalixNYSE:CALXView All CompetitorsInsiders & InstitutionsBank of New York Mellon CorpBought 181,358 shares on 7/26/2024Ownership: 1.043%State of Michigan Retirement SystemSold 800 shares on 7/26/2024Ownership: 0.024%North Growth Management Ltd.Bought 1,000 shares on 7/25/2024Ownership: 0.368%Schwartz Investment Counsel Inc.Bought 300,000 shares on 7/25/2024Ownership: 0.209%Calamos Advisors LLCBought 2,667 shares on 7/25/2024Ownership: 0.012%View All Insider TransactionsView All Institutional Transactions CIEN Stock Analysis - Frequently Asked Questions How have CIEN shares performed this year? Ciena's stock was trading at $45.01 at the beginning of the year. Since then, CIEN shares have increased by 11.4% and is now trading at $50.16. View the best growth stocks for 2024 here. How were Ciena's earnings last quarter? Ciena Co. (NYSE:CIEN) issued its quarterly earnings results on Thursday, June, 6th. The communications equipment provider reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.12. Ciena's quarterly revenue was down 19.6% compared to the same quarter last year. 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. Does Ciena have any subsidiaries? Ciena subsidiaries include 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 Bank of New York Mellon Corp (1.04%), Wealth Enhancement Advisory Services LLC (0.56%), North Growth Management Ltd. (0.37%) and Retirement Systems of Alabama (0.27%). Insiders that own company stock include James E Moylan Jr, David M Rothenstein, Jason Phipps, Scott Mcfeely, Stephen B Alexander, Judith M Obrien, Rick Hamilton, Joseph Cumello, Brodie Gage, Andrew C Petrik, Thomas Michael Nevens and James E Moylan, Jr. 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. Compare Top Brokerages Here. 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), Bank of America (BAC), Advanced Micro Devices (AMD), Micron Technology (MU), Intel (INTC), Alibaba Group (BABA) and Cisco Systems (CSCO). This page (NYSE:CIEN) was last updated on 7/26/2024 by MarketBeat.com Staff From Our Partners625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetche...Crypto Swap Profits | Sponsored“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 sp...Unstoppable Prosperity | SponsoredThis student turned $1,300 into $45,000 in just 4 Months!With the help of S.A.M. (my new AI-powered scanner) it's now easier than ever to find these unique trades... ...Monument Traders Alliance | SponsoredCollapse of the PetrodollarThe death of the "petrodollar" seems imminent. 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