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Ciena Stock Price, News & Analysis (NYSE:CIEN)

$45.22
+0.04 (+0.09%)
(As of 11/28/2023 ET)
Compare
Today's Range
$44.60
$45.47
50-Day Range
$40.60
$47.99
52-Week Range
$39.94
$54.25
Volume
935,060 shs
Average Volume
1.65 million shs
Market Capitalization
$6.69 billion
P/E Ratio
30.55
Dividend Yield
N/A
Price Target
$61.94

Ciena MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.85 Rating Score
Upside/​Downside
37.0% Upside
$61.94 Price Target
Short Interest
Healthy
2.56% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.77
Upright™ Environmental Score
News Sentiment
0.67mentions of Ciena in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$1.57 M Sold Last Quarter
Proj. Earnings Growth
19.29%
From $1.97 to $2.35 Per Share

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 stars

Computer And Technology Sector

3rd out of 597 stocks

Telephone & Telegraph Apparatus Industry

1st out of 10 stocks


CIEN stock logo

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.

CIEN Stock Price History

CIEN Stock News Headlines

Joseph Cumello Sells 1,212 Shares of Ciena Co. (NYSE:CIEN) Stock
Ciena Co. (NYSE:CIEN) CEO Gary B. Smith Sells 4,166 Shares of Stock
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.
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.
Ciena Surpasses 100,000 WaveLogic 5 800G Shipments
Telenet Selects Ciena for Network Upgrade Across Belgium
Ciena: Capitalizing On Growing Demand Drivers
Ciena Corp (CIE1.SG)
Ciena's (CIEN) GeoMesh Extreme Solution Utilized by SUBCO
Stifel sees long-term tailwinds for Ciena
Ciena's (CIEN) Coherent Solutions Being Leveraged by EdgeUno
Multiple Headwinds Dragged Ciena Corporation (CIEN) in Q2
See More Headlines
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Company Calendar

Last Earnings
8/31/2023
Today
11/28/2023
Next Earnings (Confirmed)
12/07/2023
Fiscal Year End
10/31/2024

Industry, Sector and Symbol

Industry
Telephone & telegraph apparatus
Sub-Industry
Communications Equipment
CUSIP
17177930
Employees
8,079
Year Founded
1992

Price 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 Rating
Moderate Buy
Rating Score (0-4)
2.85
Research Coverage
13 Analysts

Profitability

Net Income
$152.90 million
Pretax Margin
7.53%

Debt

Sales & Book Value

Annual Sales
$3.63 billion
Cash Flow
$2.31 per share
Book Value
$18.31 per share

Miscellaneous

Free Float
146,378,000
Market Cap
$6.69 billion
Optionable
Optionable
Beta
0.96

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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 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

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