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NYSE:CIEN

Ciena (CIEN) Stock Price, News & Analysis

$48.76
+0.84 (+1.75%)
(As of 07/12/2024 ET)
Today's Range
$48.00
$49.24
50-Day Range
$45.76
$49.56
52-Week Range
$39.94
$63.24
Volume
1.06 million shs
Average Volume
1.83 million shs
Market Capitalization
$7.01 billion
P/E Ratio
46.88
Dividend Yield
N/A
Price Target
$57.25

Ciena MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
17.4% Upside
$57.25 Price Target
Short Interest
Healthy
2.84% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.77
Upright™ Environmental Score
News Sentiment
0.97mentions of Ciena in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$929,794 Sold Last Quarter
Proj. Earnings Growth
59.66%
From $1.19 to $1.90 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.87 out of 5 stars

Computer And Technology Sector

23rd out of 588 stocks

Telephone & Telegraph Apparatus Industry

1st out of 11 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, optical transport network switching, IP routing, and switching services. Its products include 6500 Packet-Optical Platform, Waveserver stackable interconnect system, and the 6500 Reconfigurable line system, and the 5400 family of Packet-Optical platforms, as well as 8100 coherent routing platforms; 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, multi-cloud orchestration, and unified assurance and analytics services. Its Platform Software and Service segment offers MCP domain controller solution, and OneControl unified management system, as well as planning tools. The company's Global Services segment provides maintenance support and training, installation and deployment, and consulting and network design services. Ciena Corporation was incorporated in 1992 and is headquartered in Hanover, Maryland.

CIEN Stock Price History

CIEN Stock News Headlines

ciena logo on computer screen
Ciena Stock: Powering the AI Boom - A Network Infrastructure Play
Network infrastructure solutions provider Ciena Co. (NYSE: CIEN) plays a critical role in the artificial intelligence (AI) revolution. AI platforms require
Anyone can do this, rich and poor alike
I’ve been a financial analyst for almost three decades, but I don’t think I’ve ever seen anything quite like this before.
ciena logo on computer screen
Ciena Stock: Powering the AI Boom - A Network Infrastructure Play
Network infrastructure solutions provider Ciena Co. NYSE: CIEN plays a critical role in the artificial intelligence (AI) revolution. AI platforms require computing power, data storage speed and capacity, and optimal networking with low latency and high bandwidth to transmit oceans of data quickly.
Ciena Co. (NYSE:CIEN) SVP Jason Phipps Sells 2,712 Shares
Anyone can do this, rich and poor alike
I’ve been a financial analyst for almost three decades, but I don’t think I’ve ever seen anything quite like this before.
Q2 2024 Ciena Corp Earnings Call Transcript
See More Headlines
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Company Calendar

Last Earnings
6/06/2024
Today
7/12/2024
Next Earnings (Estimated)
8/29/2024
Fiscal Year End
10/31/2024

Industry, Sector and Symbol

Industry
Telephone & telegraph apparatus
Sub-Industry
Communications Equipment
CUSIP
17177930
Employees
8,080
Year Founded
1992

Price Target and Rating

Average Stock Price Target
$57.25
High Stock Price Target
$66.00
Low Stock Price Target
$44.00
Potential Upside/Downside
+17.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
12 Analysts

Profitability

Net Income
$254.83 million
Pretax Margin
4.59%

Debt

Sales & Book Value

Annual Sales
$4.39 billion
Cash Flow
$3.11 per share
Book Value
$19.27 per share

Miscellaneous

Free Float
142,512,000
Market Cap
$7.01 billion
Optionable
Optionable
Beta
0.95

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CIEN Stock Analysis - Frequently Asked Questions

How have CIEN shares performed this year?

Ciena's stock was trading at $45.01 at the beginning of 2024. Since then, CIEN shares have increased by 8.3% and is now trading at $48.76.
View the best growth stocks for 2024 here
.

How were Ciena's earnings last quarter?

Ciena Co. (NYSE:CIEN) announced its quarterly earnings results on Thursday, June, 6th. The communications equipment provider reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.12. The company's revenue was down 19.6% on a year-over-year basis.

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.

Does Ciena have any subsidiaries?

Ciena subsidiaries include Centina Systems Inc, DonRiver, Packet Design, cyan, World Wide Packets, PhyFlex Networks, Catena Networks, and more.

Who are Ciena's major shareholders?

Top institutional investors of Ciena include Hudson Valley Investment Advisors Inc. ADV (0.05%), SG Americas Securities LLC (0.03%), Pacifica Partners Inc. (0.02%) and Park Avenue Securities LLC (0.02%). Insiders that own company stock include James E Moylan Jr, David M Rothenstein, Jason Phipps, Scott Mcfeely, Stephen B Alexander, Judith M Obrien, Rick Hamilton, Joseph Cumello, Brodie Gage, Andrew C Petrik, Thomas Michael Nevens and James E Moylan, Jr.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Ciena own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Ciena investors own include NVIDIA (NVDA), Bank of America (BAC), Advanced Micro Devices (AMD), Micron Technology (MU), Intel (INTC), Alibaba Group (BABA) and Cisco Systems (CSCO).

This page (NYSE:CIEN) was last updated on 7/13/2024 by MarketBeat.com Staff

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