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NYSE:CIEN

Ciena - CIEN Stock Forecast, Price & News

$55.63
+0.46 (+0.83%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
Today's Range
$54.66
$55.90
50-Day Range
$42.04
$55.63
52-Week Range
$41.63
$78.28
Volume
999,648 shs
Average Volume
1.53 million shs
Market Capitalization
$8.33 billion
P/E Ratio
20.45
Dividend Yield
N/A
Price Target
$72.28

Ciena MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.94 Rating Score
Upside/​Downside
29.9% Upside
$72.28 Price Target
Short Interest
Healthy
2.50% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.77
Upright™ Environmental Score
News Sentiment
0.47mentions of Ciena in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$1.46 M Sold Last Quarter
Proj. Earnings Growth
71.24%
From $1.53 to $2.62 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.19 out of 5 stars

Computer And Technology Sector

14th out of 664 stocks

Telephone & Telegraph Apparatus Industry

1st out of 13 stocks

CIEN stock logo

About Ciena (NYSE:CIEN) Stock

Ciena Corporation provides network hardware, software, and services that support the transport, routing, 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 products and solutions that 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, 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 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 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 and platform software services, as well as manage, control, and plan software. The company's 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.

Wall Street Analysts Forecast Growth

CIEN has been the topic of several recent research reports. Rosenblatt Securities cut their target price on Ciena from $80.00 to $70.00 and set a "buy" rating on the stock in a report on Monday, May 23rd. Loop Capital cut their target price on Ciena from $92.00 to $84.00 and set a "buy" rating on the stock in a report on Monday, June 6th. Cowen cut their target price on Ciena from $96.00 to $82.00 in a report on Monday, June 6th. Argus cut their target price on Ciena from $82.00 to $68.00 and set a "buy" rating on the stock in a report on Friday, June 3rd. Finally, Cowen lowered their price target on Ciena from $96.00 to $82.00 and set an "outperform" rating on the stock in a research report on Monday, June 6th. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $72.28.

Ciena Stock Performance

CIEN Stock traded up $0.46 during trading on Tuesday, reaching $55.63. 999,648 shares of the stock were exchanged, compared to its average volume of 1,528,313. Ciena has a twelve month low of $41.63 and a twelve month high of $78.28. The company has a market capitalization of $8.33 billion, a P/E ratio of 20.40, a price-to-earnings-growth ratio of 2.38 and a beta of 0.92. The stock has a 50 day simple moving average of $48.03 and a 200-day simple moving average of $54.97. The company has a current ratio of 3.72, a quick ratio of 3.10 and a debt-to-equity ratio of 0.38.

Ciena (NYSE:CIEN - Get Rating) last posted its earnings results on Thursday, June 2nd. The communications equipment provider reported $0.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.06). Ciena had a net margin of 11.15% and a return on equity of 12.18%. The firm had revenue of $949.20 million during the quarter, compared to the consensus estimate of $950.86 million. During the same quarter last year, the firm posted $0.52 EPS. The business's revenue was up 13.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Ciena will post 1.53 earnings per share for the current year.

Insider Activity

In other news, CEO Gary B. Smith sold 3,542 shares of Ciena stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $52.88, for a total value of $187,300.96. Following the completion of the transaction, the chief executive officer now owns 417,253 shares in the company, valued at $22,064,338.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Stephen B. Alexander sold 2,000 shares of the business's stock in a transaction on Friday, July 15th. The shares were sold at an average price of $47.17, for a total value of $94,340.00. Following the completion of the transaction, the senior vice president now owns 30,535 shares of the company's stock, valued at approximately $1,440,335.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Gary B. Smith sold 3,542 shares of the business's stock in a transaction on Monday, August 8th. The shares were sold at an average price of $52.88, for a total transaction of $187,300.96. Following the completion of the transaction, the chief executive officer now directly owns 417,253 shares of the company's stock, valued at approximately $22,064,338.64. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,852 shares of company stock worth $1,459,902. Insiders own 0.94% of the company's stock.

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CIEN Stock News Headlines

Ciena (NYSE:CIEN) Raised to "Overweight" at Morgan Stanley
Ciena (NYSE:CIEN) Research Coverage Started at MKM Partners
Analyst Ratings for Ciena
New Strong Sell Stocks for August 1st
Ciena Co. (NYSE:CIEN) CEO Sells $174,301.82 in Stock
See More Headlines
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CIEN Company Calendar

Last Earnings
6/02/2022
Today
8/16/2022
Next Earnings (Confirmed)
9/01/2022
Fiscal Year End
10/31/2022

Industry, Sector and Symbol

Industry
Telephone & telegraph apparatus
Sub-Industry
Communications Equipment
CUSIP
17177930
Employees
7,241
Year Founded
1992

Price Target and Rating

Average Stock Price Forecast
$72.28
High Stock Price Forecast
$88.00
Low Stock Price Forecast
$51.00
Forecasted Upside/Downside
+29.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.94
Research Coverage
17 Analysts

Profitability

Net Income
$500.20 million
Pretax Margin
9.76%

Debt

Sales & Book Value

Annual Sales
$3.62 billion
Cash Flow
$3.43 per share
Book Value
$19.50 per share

Miscellaneous

Free Float
148,298,000
Market Cap
$8.33 billion
Optionable
Optionable
Beta
0.92

Social Links















CIEN Stock - Frequently Asked Questions

Should I buy or sell Ciena stock right now?

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last twelve months. There are currently 1 hold rating and 16 buy ratings for the stock. The consensus among Wall Street equities 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 2022?

17 Wall Street analysts have issued 1-year price objectives for Ciena's stock. Their CIEN share price forecasts range from $51.00 to $88.00. On average, they anticipate the company's share price to reach $72.28 in the next year. This suggests a possible upside of 29.9% 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 2022?

Ciena's stock was trading at $76.97 at the beginning of 2022. Since then, CIEN stock has decreased by 27.7% and is now trading at $55.63.
View the best growth stocks for 2022 here
.

When is Ciena's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, September 1st 2022.
View our CIEN earnings forecast
.

How were Ciena's earnings last quarter?

Ciena Co. (NYSE:CIEN) posted its quarterly earnings data on Thursday, June, 2nd. The communications equipment provider reported $0.36 EPS for the quarter, missing the consensus estimate of $0.42 by $0.06. The communications equipment provider earned $949.20 million during the quarter, compared to analyst estimates of $950.86 million. Ciena had a trailing twelve-month return on equity of 12.18% and a net margin of 11.15%. The business's quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.52 EPS.

What guidance has Ciena issued on next quarter's earnings?

Ciena updated its third quarter 2022 earnings guidance on Friday, July, 1st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $870.00 million-$930.00 million, 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 retail and institutional investors. Top institutional investors include FMR LLC (5.75%), State Street Corp (2.76%), Congress Asset Management Co. MA (2.12%), Ion Asset Management Ltd. (1.97%), Thrivent Financial for Lutherans (1.68%) and BNP PARIBAS ASSET MANAGEMENT Holding S.A. (1.54%). 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 Gebbia, Judith M Obrien, 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 $55.63.

How much money does Ciena make?

Ciena (NYSE:CIEN) has a market capitalization of $8.33 billion and generates $3.62 billion in revenue each year. The communications equipment provider earns $500.20 million in net income (profit) each year or $2.72 on an earnings per share basis.

How many employees does Ciena have?

The company employs 7,241 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
When was Ciena founded?

Ciena was founded in 1992.

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 8/16/2022 by MarketBeat.com Staff

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