Top-Rated StocksTop-RatedNYSE:CIEN Ciena (CIEN) Stock Forecast, Price & News $41.35 -1.18 (-2.77%) (As of 06/9/2023 ET) Add Compare Share Share Today's Range$41.17▼$42.8450-Day Range$41.33▼$52.2752-Week Range$38.33▼$56.38Volume3.75 million shsAverage Volume2.15 million shsMarket Capitalization$6.18 billionP/E Ratio30.63Dividend YieldN/APrice Target$63.93 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Ciena MarketRank™ ForecastAnalyst RatingModerate Buy2.92 Rating ScoreUpside/Downside54.6% Upside$63.93 Price TargetShort InterestHealthy3.03% of Float Sold ShortDividend StrengthN/ASustainability-0.77Upright™ Environmental ScoreNews Sentiment0.12Based on 50 Articles This WeekInsider TradingSelling Shares$773,414 Sold Last QuarterProj. Earnings Growth33.80%From $2.16 to $2.89 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 Sector7th out of 597 stocksTelephone & Telegraph Apparatus Industry1st out of 10 stocks 4.5 Analyst's Opinion Consensus RatingCiena has received a consensus rating of Buy. The company's average rating score is 2.92, and is based on 10 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $63.93, Ciena has a forecasted upside of 54.6% from its current price of $41.35.Amount of Analyst CoverageCiena has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted3.03% of the float of Ciena has been sold short.Short Interest Ratio / Days to CoverCiena has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Ciena has recently increased by 13.78%, indicating that investor sentiment is decreasing significantly. 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 2.8 News and Social Media Coverage News SentimentCiena has a news sentiment score of 0.12. 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 0.73 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 50 news articles for Ciena this week, compared to 8 articles on an average week.Search Interest46 people have searched for CIEN on MarketBeat in the last 30 days. This is an increase of 10% compared to the previous 30 days.MarketBeat Follows12 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 $773,414.00 in company stock.Percentage Held by InsidersOnly 0.99% of the stock of Ciena is held by insiders.Percentage Held by Institutions96.26% 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 33.80% in the coming year, from $2.16 to $2.89 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Ciena is 30.63, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.85.Price to Earnings Ratio vs. SectorThe P/E ratio of Ciena is 30.63, 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 308.34.Price to Earnings Growth RatioCiena has a PEG Ratio of 1.31. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioCiena has a P/B Ratio of 2.12. 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 Corp. engages in the provision of network and communication infrastructure. It operates through the following segments: Networking Platforms, Platform Software and Services, Blue Planet Automation Software and Services, and Global Services. The Networking Platforms segment consists of Converged Packet Optical and Packet Networking portfolios. The Platform Software and Services segment provides analytics, data, and planning tools to assist customers in managing Ciena's Networking Platforms products in their networks. The Blue Planet Automation Software and Services segment enables customers to implement large-scale software and IT-led OSS transformations by transforming legacy networks into “service ready“ networks. The Global Services segment offers a broad suite of value-added services. The company was founded by Patrick H. Nettles in November 1992 and is headquartered in Hanover, MD.Read More 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 Stock News HeadlinesMay 31, 2023 | marketbeat.com3 Late-Season Earnings Plays for Mid-Cap TradersThe unusually even number of positive and negative surprises this earnings season have afforded mid-cap traders ample opportunities to make money on both sides.May 30, 2023 | marketbeat.comThe "How" and "Why" of Investing in 5G Stocks (CIEN)Want to invest in 5G? You don't have to dig into just the top cellphone carriers. Learn how to invest in 5G stocks in a few different ways.June 10, 2023 | Vector Vest (Ad)Free Stock Analysis Report: See The True Value of Any StockGet a full report that tells you what a stock is really worth, how safe the stock is, and if the timing is right to buy the stock. Plus a definitive Buy, Sell, Hold recommendation. June 10, 2023 | americanbankingnews.comCiena (NYSE:CIEN) PT Lowered to $57.00 at Rosenblatt SecuritiesJune 10, 2023 | americanbankingnews.comNorthland Securities Trims Ciena (NYSE:CIEN) Target Price to $41.00June 9, 2023 | americanbankingnews.comCiena (NYSE:CIEN) PT Lowered to $60.00June 9, 2023 | americanbankingnews.comCiena (NYSE:CIEN) PT Lowered to $63.00June 7, 2023 | msn.comJefferies Maintains CIENA (CIEN) Prior RecommendationJune 10, 2023 | Behind the Markets (Ad)Is This The End Of Your Retirement?Soon, the U.S. Government is going to make an announcement that could radically alter your retirement. Two of America's largest banks - Goldman Sachs and J.P. Morgan - have quietly warned their richest clients to prepare for it. The clock is ticking. Find out How to Protect Yourself from the Greatest Crisis Facing Retirees in 70 Years before it's too late.June 7, 2023 | msn.comNeedham Maintains CIENA (CIEN) Prior RecommendationJune 7, 2023 | msn.comCiena Hit Hard On Softer Short-Term Demand TrendsJune 7, 2023 | markets.businessinsider.comCiena's Stock Poised For Double-Digit Growth As Demand Outweighs Supply Constraints, Says AnalystJune 7, 2023 | msn.comMorgan Stanley Maintains CIENA (CIEN) Prior RecommendationJune 7, 2023 | benzinga.comCiena Analysts Slash Their Forecasts After Q2 ResultsJune 7, 2023 | msn.comCiena (NYSE:CIEN) Stock Falls Despite Upbeat Q2 ResultsJune 7, 2023 | americanbankingnews.comBarclays Cuts Ciena (NYSE:CIEN) Price Target to $66.00June 7, 2023 | americanbankingnews.comJPMorgan Chase & Co. Lowers Ciena (NYSE:CIEN) Price Target to $65.00June 6, 2023 | finance.yahoo.comQ2 2023 Ciena Corp Earnings CallJune 6, 2023 | washingtonpost.comCiena: Fiscal Q2 Earnings SnapshotJune 6, 2023 | markets.businessinsider.comMorgan Stanley Sticks to Their Hold Rating for Ciena (CIEN)June 6, 2023 | seekingalpha.comCiena stock sinks ~10% after FQ3 revenue outlook seen below estimatesJune 6, 2023 | msn.comWhy Ciena Stock Is Trading Down TodayJune 6, 2023 | msn.comWhy Ciena Stock Crashed on TuesdayJune 6, 2023 | markets.businessinsider.comCiena Dips Despite Upbeat Quarterly ResultsJune 6, 2023 | msn.comCiena stock plummets after downbeat outlook, as customers push out ordersJune 6, 2023 | finance.yahoo.comCiena (CIEN) Q2 Earnings and Revenues Surpass EstimatesJune 6, 2023 | finance.yahoo.comCiena (CIEN) Reports Q2 Earnings: What Key Metrics Have to SaySee More Headlines CIEN Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CIEN Company Calendar Last Earnings6/06/2023Today6/10/2023Next Earnings (Estimated)9/07/2023Fiscal Year End10/31/2023Get 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$63.93 High Stock Price Forecast$76.00 Low Stock Price Forecast$41.00 Forecasted Upside/Downside+54.7%Consensus RatingModerate Buy Rating Score (0-4)2.92 Research Coverage13 Analysts Profitability EPS (Most Recent Fiscal Year)$1.35 Trailing P/E Ratio30.61 Forward P/E Ratio19.13 P/E Growth1.31Net Income$152.90 million Net Margins5.02% Pretax Margin6.68% Return on Equity9.31% Return on Assets4.84% Debt Debt-to-Equity Ratio0.53 Current Ratio3.66 Quick Ratio2.54 Sales & Book Value Annual Sales$3.63 billion Price / Sales1.70 Cash Flow$2.29 per share Price / Cash Flow18.05 Book Value$19.46 per share Price / Book2.12Miscellaneous Outstanding Shares149,500,000Free Float147,683,000Market Cap$6.18 billion OptionableOptionable Beta1.01 Social Links Key ExecutivesGary B. SmithPresident, Chief Executive Officer & DirectorJames E. MoylanChief Financial Officer & Senior Vice PresidentStephen B. AlexanderChief Technology Officer & Senior Vice PresidentDavid Marc RothensteinSecretary, Chief Strategy Officer & Senior VPSheela KosarajuSenior VP, General Counsel & Assistant SecretaryKey CompetitorsFabrinetNYSE:FNAmkor TechnologyNASDAQ:AMKRCyberArk SoftwareNASDAQ:CYBRBilibiliNASDAQ:BILIWolfspeedNYSE:WOLFView All CompetitorsInsiders & InstitutionsMacquarie Group Ltd.Sold 4,092 shares on 6/1/2023Ownership: 0.302%ProShare Advisors LLCSold 5,240 shares on 5/26/2023Ownership: 0.006%Ameriprise Financial Inc.Bought 11,124 shares on 5/22/2023Ownership: 0.199%JPMorgan Chase & Co.Bought 197,704 shares on 5/18/2023Ownership: 1.675%New York State Common Retirement FundSold 1,031 shares on 5/18/2023Ownership: 0.115%View All Insider TransactionsView All Institutional Transactions CIEN Stock - Frequently Asked Questions Should I buy or sell Ciena stock right now? 13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last twelve months. There are currently 2 hold ratings, 10 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" CIEN shares. View CIEN analyst ratings or view top-rated stocks. What is Ciena's stock price forecast for 2023? 13 equities research analysts have issued 12 month price objectives for Ciena's stock. Their CIEN share price forecasts range from $41.00 to $76.00. On average, they expect the company's stock price to reach $63.93 in the next twelve months. This suggests a possible upside of 54.6% 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 start of the year. Since then, CIEN stock has decreased by 18.9% and is now trading at $41.35. View the best growth stocks for 2023 here. Are investors shorting Ciena? Ciena saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 4,460,000 shares, an increase of 13.8% from the April 30th total of 3,920,000 shares. Based on an average daily volume of 1,740,000 shares, the days-to-cover ratio is presently 2.6 days. Approximately 3.0% of the shares of the company 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, September 7th 2023. View our CIEN earnings forecast. How were Ciena's earnings last quarter? Ciena Co. (NYSE:CIEN) announced its quarterly earnings results on Tuesday, June, 6th. The communications equipment provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.61 by $0.13. The communications equipment provider earned $1.13 billion during the quarter, compared to analysts' expectations of $1.09 billion. Ciena had a net margin of 5.02% and a trailing twelve-month return on equity of 9.31%. The business's quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.36 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), Future Fund Active ETF (FFND), SPDR S&P Telecom ETF (XTL), iShares U.S. Telecommunications ETF (IYZ), iShares Future Cloud 5G and Tech ETF (IDAT), First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT), SRH U.S. Quality ETF (SRHQ) and Defiance Next Gen Connectivity ETF (FIVG). What guidance has Ciena issued on next quarter's earnings? Ciena updated its third quarter 2023 earnings guidance on Wednesday, June, 7th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.00 billion-$1.08 billion, compared to the consensus revenue estimate of $1.08 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 a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.33%), FMR LLC (5.90%), Providence Capital Advisors LLC (3.97%), State Street Corp (2.86%), Bank of America Corp DE (2.72%) and Neuberger Berman Group LLC (2.51%). Insiders that own company stock include Andrew C Petrik, Andrew C Petrik, Bruce L Claflin, 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, Patrick H Nettles, 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 $41.35. How much money does Ciena make? Ciena (NYSE:CIEN) has a market capitalization of $6.18 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 $1.35 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 6/10/2023 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. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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