Ciena Stock Price, News & Analysis (NYSE:CIEN) $45.22 +0.04 (+0.09%) (As of 11/28/2023 ET) Add Compare Share Share Today's Range$44.60▼$45.4750-Day Range$40.60▼$47.9952-Week Range$39.94▼$54.25Volume935,060 shsAverage Volume1.65 million shsMarket Capitalization$6.69 billionP/E Ratio30.55Dividend YieldN/APrice Target$61.94 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Ciena MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.85 Rating ScoreUpside/Downside37.0% Upside$61.94 Price TargetShort InterestHealthy2.56% of Float Sold ShortDividend StrengthN/ASustainability-0.77Upright™ Environmental ScoreNews Sentiment0.67Based on 4 Articles This WeekInsider TradingSelling Shares$1.57 M Sold Last QuarterProj. Earnings Growth19.29%From $1.97 to $2.35 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.3.35 out of 5 starsComputer And Technology Sector3rd out of 597 stocksTelephone & Telegraph Apparatus Industry1st out of 10 stocks 4.4 Analyst's Opinion Consensus RatingCiena has received a consensus rating of Moderate Buy. The company's average rating score is 2.85, and is based on 9 buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $61.94, Ciena has a forecasted upside of 37.0% from its current price of $45.22.Amount of Analyst CoverageCiena has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 5.0 Short Interest Percentage of Shares Shorted2.56% 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 decreased by 7.21%, indicating that investor sentiment is improving 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 2.6 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 news sentiment score is similar to the average news sentiment of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Ciena this week, compared to 6 articles on an average week.Search Interest18 people have searched for CIEN on MarketBeat in the last 30 days. This is an increase of 350% compared to the previous 30 days.MarketBeat Follows5 people have added Ciena to their MarketBeat watchlist in the last 30 days. This is an increase of 25% 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 $1,565,111.00 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 19.29% in the coming year, from $1.97 to $2.35 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Ciena is 30.55, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.85.Price to Earnings Ratio vs. SectorThe P/E ratio of Ciena is 30.55, 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 265.35.Price to Earnings Growth RatioCiena has a PEG Ratio of 1.30. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioCiena has a P/B Ratio of 2.47. 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 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, 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 Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CIEN Stock News HeadlinesNovember 22, 2023 | americanbankingnews.comJoseph Cumello Sells 1,212 Shares of Ciena Co. (NYSE:CIEN) StockNovember 21, 2023 | americanbankingnews.comCiena Co. (NYSE:CIEN) CEO Gary B. Smith Sells 4,166 Shares of StockNovember 28, 2023 | RYSE INC. (Ad)Secure your stake in the Smart Home industry.Last chance to invest in RYSE – the shade automation technology launching in over 100 Best Buy stores this month.November 14, 2023 | msn.comCurana and Ciena expand alliance to benefit Michigan seniorsNovember 13, 2023 | finance.yahoo.comCurana Health and Ciena Healthcare Partner to Improve Care for Medicare Beneficiaries Across the State of MichiganNovember 11, 2023 | tmcnet.comCirion Picks Ciena's 800G Technology for Bogotá Metro DCI DeploymentNovember 9, 2023 | finance.yahoo.comCiena Announces Reporting Date and Web Broadcast for Fiscal Fourth Quarter and Year End 2023 ResultsNovember 9, 2023 | finance.yahoo.comCirion Picks Ciena’s 800G Technology for Bogotá Metro DCI DeploymentNovember 28, 2023 | RYSE INC. (Ad)Secure your stake in the Smart Home industry.Last chance to invest in RYSE – the shade automation technology launching in over 100 Best Buy stores this month.November 8, 2023 | finance.yahoo.comCiena Surpasses 100,000 WaveLogic 5 800G ShipmentsNovember 7, 2023 | finance.yahoo.comHere’s Why Giverny Capital Opted to Sell Ciena Corporation (CIEN)November 7, 2023 | finance.yahoo.comTelenet Selects Ciena for Network Upgrade Across BelgiumNovember 4, 2023 | finance.yahoo.comInsider Sell: Ciena Corp President and CEO Gary Smith Sells 4,166 SharesNovember 1, 2023 | seekingalpha.comCiena: Capitalizing On Growing Demand DriversOctober 24, 2023 | finance.yahoo.comCiena Corp (CIE1.SG)October 18, 2023 | finance.yahoo.comInsider Sell: SVP and Chief Strategy Officer David Rothenstein Sells 3,500 Shares of Ciena CorpOctober 13, 2023 | finance.yahoo.comCiena's (CIEN) GeoMesh Extreme Solution Utilized by SUBCOOctober 13, 2023 | finance.yahoo.comAre Ciena Corporation's (NYSE:CIEN) Mixed Financials Driving The Negative Sentiment?October 5, 2023 | finance.yahoo.comInsider Sell: Ciena Corp CEO Gary Smith Sells 4,166 SharesOctober 5, 2023 | msn.comCIENA (CIEN) Price Target Increased by 7.08% to 60.45October 3, 2023 | finance.yahoo.comCiena Appoints Dino DiPerna and Brodie Gage to Executive Leadership TeamSeptember 28, 2023 | uk.investing.comStifel sees long-term tailwinds for CienaSeptember 28, 2023 | benzinga.comCiena Analyst Predicts Gains From Strong Bandwidth GrowthSeptember 19, 2023 | finance.yahoo.comVirgin Media Ireland Automates Delivery of Next-Gen Fibre Broadband Services with Blue PlanetSeptember 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 7, 2023 | uk.finance.yahoo.comMultiple Headwinds Dragged Ciena Corporation (CIEN) in Q2See 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 Earnings8/31/2023Today11/28/2023Next Earnings (Confirmed)12/07/2023Fiscal Year End10/31/2024Get 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 Target$61.94 High Stock Price Target$76.00 Low Stock Price Target$41.00 Potential Upside/Downside+35.8%Consensus RatingModerate Buy Rating Score (0-4)2.85 Research Coverage13 Analysts Profitability EPS (Most Recent Fiscal Year)$1.48 Trailing P/E Ratio30.55 Forward P/E Ratio22.95 P/E Growth1.3Net 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 / Sales1.84 Cash Flow$2.31 per share Price / Cash Flow19.55 Book Value$18.31 per share Price / Book2.47Miscellaneous Outstanding Shares147,840,000Free Float146,378,000Market Cap$6.69 billion OptionableOptionable Beta0.96 Social Links Metaverse Stocks And Why You Can't Ignore ThemThinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.Get This Free Report Key ExecutivesDr. Patrick H. Nettles (Age 80)Executive Chairman of the Board Comp: $156kMr. Gary B. Smith (Age 63)CEO, President & Director Comp: $1.01MMr. James E. Moylan Jr. (Age 72)Senior VP of Finance & CFO Comp: $595.43kMr. Jason M. Phipps (Age 51)Senior Vice President of Global Customer Engagement Comp: $535.96kMr. David M. Rothenstein (Age 55)Senior VP, Chief Strategy Officer & Corporate Secretary Comp: $527.2kMr. Stephen B. Alexander (Age 64)CTO & Member of Technology Advisory Council Comp: $746.16kMr. Gregg M. LampfVice President of Investor RelationsMs. Sheela KosarajuSenior VP, General Counsel & Assistant SecretaryMs. Rebecca SmithSenior VP of Global Marketing & CommunicationsMr. Joseph R. Cumello (Age 51)Senior VP & GM of Blue Planet More ExecutivesKey CompetitorsFabrinetNYSE:FNBILLNYSE:BILLOnto InnovationNYSE:ONTOAmkor TechnologyNASDAQ:AMKRQualysNASDAQ:QLYSView All CompetitorsInsiders & InstitutionsDeutsche Bank AGBought 85,080 shares on 11/24/2023Ownership: 0.332%Graham Capital Management L.P.Bought 7,105 shares on 11/22/2023Ownership: 0.011%Comerica BankBought 98,273 shares on 11/21/2023Ownership: 0.066%Walleye Capital LLCBought 49,600 shares on 11/21/2023Ownership: 0.000%Walleye Trading LLCSold 14,200 shares on 11/21/2023Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions CIEN Stock Analysis - 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 3 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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 target for 2024? 13 analysts have issued 1-year price objectives for Ciena's shares. Their CIEN share price targets range from $41.00 to $76.00. On average, they expect the company's share price to reach $61.94 in the next twelve months. This suggests a possible upside of 37.0% 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 shares have decreased by 11.3% and is now trading at $45.22. View the best growth stocks for 2023 here. Are investors shorting Ciena? Ciena saw a decrease in short interest in November. As of November 15th, there was short interest totaling 3,730,000 shares, a decrease of 7.2% from the October 31st total of 4,020,000 shares. Based on an average daily trading volume, of 1,360,000 shares, the days-to-cover ratio is currently 2.7 days. Approximately 2.6% of the shares of the company are sold short. 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 7th 2023. View our CIEN earnings forecast. How can I listen to Ciena's earnings call? Ciena will be holding an earnings conference call on Thursday, December 7th 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) announced its earnings results on Thursday, August, 31st. The communications equipment provider reported $0.59 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.08. The communications equipment provider earned $1.07 billion during 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 firm's revenue was up 23.0% on a year-over-year basis. During the same quarter in the previous year, the firm 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 issued an update on its fourth quarter 2023 earnings guidance on Friday, September, 1st. The company provided earnings per share 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). Who are Ciena's major shareholders? Ciena's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include FMR LLC (6.05%), BNP PARIBAS ASSET MANAGEMENT Holding S.A. (3.15%), Senvest Management LLC (1.62%), Diamond Hill Capital Management Inc. (1.56%), Victory Capital Management Inc. (1.53%) and Fort Pitt Capital Group LLC (1.34%). 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. 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 This page (NYSE:CIEN) was last updated on 11/28/2023 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. 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