NYSE:CIEN - Ciena Stock Price, News, & Analysis

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$38.48 -0.58 (-1.48 %)
(As of 04/26/2019 12:20 PM ET)
Previous Close$39.06
Today's Range$38.11 - $39.11
52-Week Range$22.99 - $45.70
Volume52,368 shs
Average Volume2.58 million shs
Market Capitalization$6.00 billion
P/E Ratio34.41
Dividend YieldN/A
Beta1.03
Ciena Corporation provides network hardware, software, and services that support the transport, switching, aggregation, service delivery, and management of video, data, and voice traffic on communications networks worldwide. The company's Networking Platforms segment offers hardware networking solutions optimized for the convergence of coherent optical transport, optical transport network switching, and packet switching. Its products include 6500 Packet-Optical Platform, 5430 Reconfigurable Switching System, Waveserver stackable interconnect system, CoreDirector Multiservice Optical Switches, and OTN configuration for the 5410 Reconfigurable Switching System, as well as Z-Series Packet-Optical Platform; 3000 family of service delivery switches and service aggregation switches, and the 5000 family of service aggregation switches, as well as 8700 Packetwave Platform and the Ethernet packet configuration for the 5410 Service Aggregation Switch; 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 Software and Software-Related Services segment offers multi-domain service orchestration, inventory, route optimization and assurance, network function virtualization orchestration, analytics, and related services; and OneControl unified management system and platform software services, as well as manage, control, and plan software. Its Global Services segment provides consulting and network design, installation and deployment, maintenance support, and training services. The company sells its products through direct and indirect sales channels to network operators. Ciena Corporation was founded in 1992 and is headquartered in Hanover, Maryland.

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Industry, Sector and Symbol

Industry Telephone & telegraph apparatus
Sub-IndustryCommunications Equipment
SectorComputer and Technology
CUSIP17177930
Phone410-694-5700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.09 billion
Cash Flow$1.9040 per share
Book Value$13.53 per share

Profitability

Net Income$-344,690,000.00

Miscellaneous

Employees6,013
Market Cap$6.00 billion
Next Earnings Date5/30/2019 (Estimated)
OptionableOptionable

Ciena (NYSE:CIEN) Frequently Asked Questions

What is Ciena's stock symbol?

Ciena trades on the New York Stock Exchange (NYSE) under the ticker symbol "CIEN."

How will Ciena's stock buyback program work?

Ciena announced that its board has authorized a stock buyback program on Thursday, December 7th 2017, which permits the company to buyback $300,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

How were Ciena's earnings last quarter?

Ciena Co. (NYSE:CIEN) issued its quarterly earnings data on Tuesday, March, 5th. The communications equipment provider reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.06. The communications equipment provider earned $778.53 million during the quarter, compared to the consensus estimate of $761.62 million. Ciena had a net margin of 5.03% and a return on equity of 10.73%. The business's revenue for the quarter was up 20.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.15 EPS. View Ciena's Earnings History.

When is Ciena's next earnings date?

Ciena is scheduled to release their next quarterly earnings announcement on Thursday, May 30th 2019. View Earnings Estimates for Ciena.

What price target have analysts set for CIEN?

23 brokers have issued 12 month price objectives for Ciena's shares. Their forecasts range from $32.00 to $53.00. On average, they anticipate Ciena's share price to reach $42.8571 in the next year. This suggests a possible upside of 11.5% from the stock's current price. View Analyst Price Targets for Ciena.

What is the consensus analysts' recommendation for Ciena?

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last year. There are currently 1 sell rating, 9 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Ciena.

What are Wall Street analysts saying about Ciena stock?

Here are some recent quotes from research analysts about Ciena stock:
  • 1. Northland Securities analysts commented, "We are upgrading CIEN shares to OP from MP and increasing our PT from $34 to $42, based on both a recent deep dive into emerging 600G/800G coherent optical technology, discussed further in an associated industry note, that included a discussion with CIEN management last week in addition to multiple competitors as well as the recent and fairly dramatic underperformance of CIEN shares relative to ACIA and the broader 100G+ optical group, bringing valuation into a more attractive range." (4/15/2019)
  • 2. According to Zacks Investment Research, "Ciena reported healthy first-quarter fiscal 2019 results wherein both the top line and bottom line improved year over year. Revenues are expected to swell due to the rising demand for packet-optical transport and switching products. It is progressively investing in the data and optical fiber market to serve increasing bandwidth demand. Ciena has also been diversifying its footprint in data-center connectivity. Growing usage of service management software in the global communication market remains a key catalyst. The company’s stackable data center interconnect platform, WaveServer, is trending well and is expected to be a key growth driver going ahead. The Packet Design buyout should help to accelerate Ciena's Blue Planet software strategy by extending its intelligent automation capabilities. The stock has outperformed the industry in the past year on average. However, high concentration risk remains a major impediment for Ciena." (3/8/2019)

Has Ciena been receiving favorable news coverage?

Press coverage about CIEN stock has been trending somewhat positive on Friday, according to InfoTrie. InfoTrie ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Ciena earned a media sentiment score of 2.0 on InfoTrie's scale. They also gave media coverage about the communications equipment provider a news buzz of 2.0 out of 10, meaning that recent press coverage is very unlikely to have an impact on the stock's share price in the immediate future.

Who are some of Ciena's key competitors?

What other stocks do shareholders of Ciena own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Ciena investors own include Intelsat (I), Bank of America (BAC), Fossil Group (FOSL), Micron Technology (MU), Associated British Foods (ABF), Chaarat Gold (CGH), AMC Entertainment (AMC), First Data (FDC), China Unicom (Hong Kong) (CHU) and Transocean (RIG).

Who are Ciena's key executives?

Ciena's management team includes the folowing people:
  • Dr. Patrick H. Nettles, Exec. Chairman (Age 76)
  • Mr. Gary B. Smith, CEO, Pres & Director (Age 59)
  • Mr. James E. Moylan Jr., CFO & Sr. VP of Fin. (Age 68)
  • Mr. David M. Rothenstein, Sr. VP, Gen. Counsel & Sec. (Age 51)
  • Mr. Rick L. Hamilton, Sr. VP of Blue Planet Software (Age 47)

Who are Ciena's major shareholders?

Ciena's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Trinity Street Asset Management LLP (0.50%), Peregrine Capital Management LLC (0.45%), Dalton Greiner Hartman Maher & Co. (0.34%), Jag Capital Management LLC (0.31%), Retirement Systems of Alabama (0.29%) and Columbus Circle Investors (0.26%). Company insiders that own Ciena stock include Andrew C Petrik, David M Rothenstein, Gary B Smith, James E Moylan Jr, James E Moylan, Jr, James Frodsham, Jason Phipps, Patrick Gallagher, Patrick H Nettles, Rick Hamilton, Scott Mcfeely and Stephen B Alexander. View Institutional Ownership Trends for Ciena.

Which institutional investors are selling Ciena stock?

CIEN stock was sold by a variety of institutional investors in the last quarter, including Dalton Greiner Hartman Maher & Co., Peregrine Capital Management LLC, Assenagon Asset Management S.A., First Quadrant L P CA, Eqis Capital Management Inc., Virginia Retirement Systems ET AL, Regent Investment Management LLC and Perkins Capital Management Inc.. Company insiders that have sold Ciena company stock in the last year include Andrew C Petrik, David M Rothenstein, Gary B Smith, James E Moylan Jr, James E Moylan, Jr, James Frodsham, Jason Phipps, Patrick H Nettles, Rick Hamilton, Scott Mcfeely and Stephen B Alexander. View Insider Buying and Selling for Ciena.

Which institutional investors are buying Ciena stock?

CIEN stock was bought by a variety of institutional investors in the last quarter, including Trinity Street Asset Management LLP, Columbus Circle Investors, BKS Advisors LLC, Jag Capital Management LLC, First Hawaiian Bank, BNP Paribas Arbitrage SA, Los Angeles Capital Management & Equity Research Inc. and CWM LLC. View Insider Buying and Selling for Ciena.

How do I buy shares of Ciena?

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

What is Ciena's stock price today?

One share of CIEN stock can currently be purchased for approximately $38.45.

How big of a company is Ciena?

Ciena has a market capitalization of $6.00 billion and generates $3.09 billion in revenue each year. The communications equipment provider earns $-344,690,000.00 in net income (profit) each year or $1.12 on an earnings per share basis. Ciena employs 6,013 workers across the globe.

What is Ciena's official website?

The official website for Ciena is http://www.ciena.com.

How can I contact Ciena?

Ciena's mailing address is 7035 RIDGE ROAD, HANOVER MD, 21076. The communications equipment provider can be reached via phone at 410-694-5700 or via email at [email protected]


MarketBeat Community Rating for Ciena (NYSE CIEN)

Community Ranking:  3.4 out of 5 (star star star)
Outperform Votes:  1,025 (Vote Outperform)
Underperform Votes:  497 (Vote Underperform)
Total Votes:  1,522
MarketBeat's community ratings are surveys of what our community members think about Ciena and other stocks. Vote "Outperform" if you believe CIEN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CIEN will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 4/26/2019 by MarketBeat.com Staff

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