Top-Rated StocksTop-RatedNYSE:CIEN Ciena (CIEN) Stock Forecast, Price & News $48.13 +1.10 (+2.34%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$46.91▼$48.3350-Day Range$43.15▼$52.5252-Week Range$38.33▼$56.38Volume2.18 million shsAverage Volume1.51 million shsMarket Capitalization$7.18 billionP/E Ratio39.45Dividend YieldN/APrice Target$65.44 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Ciena MarketRank™ ForecastAnalyst RatingModerate Buy2.88 Rating ScoreUpside/Downside37.8% Upside$66.29 Price TargetShort InterestHealthy3.03% of Float Sold ShortDividend StrengthN/ASustainability-0.77Upright™ Environmental ScoreNews Sentiment0.67Based on 13 Articles This WeekInsider TradingSelling Shares$954,572 Sold Last QuarterProj. Earnings Growth35.19%From $2.16 to $2.92 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.3.21 out of 5 starsComputer And Technology Sector7th out of 604 stocksTelephone & Telegraph Apparatus Industry1st out of 12 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 $66.29, Ciena has a forecasted upside of 37.8% from its current price of $48.12.Amount of Analyst CoverageCiena has been the subject of 8 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 3.2 News and Social Media Coverage News SentimentCiena has a news sentiment score of 0.67. 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 13 news articles for Ciena this week, compared to 7 articles on an average week.Search InterestOnly 30 people have searched for CIEN on MarketBeat in the last 30 days. This is a decrease of -17% compared to the previous 30 days.MarketBeat Follows7 people have added Ciena to their MarketBeat watchlist in the last 30 days. This is an increase of 40% 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 $954,572.00 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 35.19% in the coming year, from $2.16 to $2.92 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Ciena is 39.44, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.06.Price to Earnings Ratio vs. SectorThe P/E ratio of Ciena is 39.44, 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 307.18.Price to Earnings Growth RatioCiena has a PEG Ratio of 1.45. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioCiena has a P/B Ratio of 2.63. 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 3, 2023 | Behind the Markets (Ad)The single greatest medical breakthrough of all time?We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.June 2, 2023 | msn.comNeedham Reiterates CIENA (CIEN) Buy RecommendationJune 2, 2023 | msn.comCiena (CIEN) to Post Q2 Earnings: Here's What to ExpectMay 31, 2023 | fool.comCiena (NYSE: CIEN)May 31, 2023 | msn.com10 Analysts Have This to Say About CienaMay 31, 2023 | markets.businessinsider.comAnalyst Expectations for Ciena's FutureJune 3, 2023 | Behind the Markets (Ad)The single greatest medical breakthrough of all time?We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.May 30, 2023 | msn.comCiena (CIEN) Stock Moves -0.04%: What You Should KnowMay 24, 2023 | finance.yahoo.comMATRIXX Software and Blue Planet to Offer Dynamic Monetization and Intelligent Automation at ScaleMay 21, 2023 | americanbankingnews.comAnalysts Set Ciena Co. (NYSE:CIEN) Target Price at $65.44May 20, 2023 | americanbankingnews.comCiena (NYSE:CIEN) Coverage Initiated at StockNews.comMay 19, 2023 | finance.yahoo.comCarrier (CARR) Strengthens HVAC Offerings With i-Vu Pro LaunchMay 18, 2023 | msn.comBig networking and tech firm signs downtown San Jose office leaseMay 18, 2023 | americanbankingnews.comInsider Selling: Ciena Co. (NYSE:CIEN) SVP Sells 3,500 Shares of StockMay 17, 2023 | marketwatch.comOptical Transport Network Market Size, Share, Demand, Growth Analysis 2023 to 2030 | Alcatel-Lucent Enterprise, Ciena Corporation, CISCO SystemsMay 17, 2023 | americanbankingnews.comAndrew C. Petrik Sells 1,000 Shares of Ciena Co. (NYSE:CIEN) StockMay 17, 2023 | marketwatch.com2023-2030 DOCSIS and Cable Modems Market: Highlights with Growth RateMay 17, 2023 | americanbankingnews.comCiena Co. (NYSE:CIEN) Short Interest UpdateMay 16, 2023 | marketwatch.com2023-2030, Global Optical Transport Network Market | Top Key-Players in the Industry are - Ciena, Juniper Networks, Tejas Networks, ECI, HuaweiMay 16, 2023 | marketwatch.comOptical Communication and Networking Market Competitive Landscape: 2023-2030May 15, 2023 | tmcnet.comGreat Plains Communications Charges Network Performance with CienaMay 15, 2023 | marketwatch.com2030, ROADM WSS Component Market Growth | Future Prospects and Competitive AnalysisMay 11, 2023 | it.tmcnet.comGreat Plains Communications Upgrades Multi-state Network with Ciena's Coherent Routing SolutionMay 11, 2023 | tmcnet.comMOX Deploys Ciena's WaveLogic 5 Extreme to Enable up to 400G Wavelength Service OfferingMay 11, 2023 | finance.yahoo.comGreat Plains Communications Upgrades Multi-state Network with Ciena’s Coherent Routing SolutionSee 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 Earnings3/06/2023Today6/03/2023Next Earnings (Confirmed)6/06/2023Fiscal 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$66.29 High Stock Price Forecast$76.00 Low Stock Price Forecast$45.00 Forecasted Upside/Downside+36.0%Consensus RatingModerate Buy Rating Score (0-4)2.88 Research Coverage13 Analysts Profitability EPS (Most Recent Fiscal Year)$1.22 Trailing P/E Ratio39.44 Forward P/E Ratio22.28 P/E Growth1.45Net Income$152.90 million Net Margins4.77% Pretax Margin5.95% Return on Equity8.22% Return on Assets4.39% Debt Debt-to-Equity Ratio0.55 Current Ratio3.70 Quick Ratio2.54 Sales & Book Value Annual Sales$3.63 billion Price / Sales1.98 Cash Flow$2.41 per share Price / Cash Flow19.96 Book Value$18.31 per share Price / Book2.63Miscellaneous Outstanding Shares149,160,000Free Float147,683,000Market Cap$7.18 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:FNRambusNASDAQ:RMBSArrow ElectronicsNYSE:ARWUniversal DisplayNASDAQ:OLEDGeneracNYSE:GNRCView 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 brokers have issued twelve-month price targets for Ciena's shares. Their CIEN share price forecasts range from $45.00 to $76.00. On average, they predict the company's share price to reach $66.29 in the next year. This suggests a possible upside of 37.7% 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 on January 1st, 2023. Since then, CIEN shares have decreased by 5.6% and is now trading at $48.13. 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. Currently, 3.0% of the shares of the stock 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 Tuesday, June 6th 2023. View our CIEN earnings forecast. How can I listen to Ciena's earnings call? Ciena will be holding an earnings conference call on Tuesday, June 6th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link. How were Ciena's earnings last quarter? Ciena Co. (NYSE:CIEN) posted its earnings results on Monday, March, 6th. The communications equipment provider reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.28. The communications equipment provider had revenue of $1.06 billion for the quarter, compared to analyst estimates of $959.04 million. Ciena had a trailing twelve-month return on equity of 8.22% and a net margin of 4.77%. The firm's revenue was up 25.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.35 earnings per share. 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 issued an update on its FY 2023 earnings guidance on Tuesday, April, 25th. The company provided EPS guidance of for the period. The company issued revenue guidance of $4.36 billion-$4.43 billion, compared to the consensus revenue estimate of $4.42 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 number of institutional and retail investors. Top institutional shareholders 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 $48.13. How much money does Ciena make? Ciena (NYSE:CIEN) has a market capitalization of $7.18 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 $1.22 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 6/3/2023 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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