NYSE:CIEN - Ciena Stock Price, News, & Analysis

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$31.86 +0.58 (+1.85 %)
(As of 12/11/2018 09:06 AM ET)
Previous Close$31.28
Today's Range$31.08 - $32.12
52-Week Range$20.70 - $35.04
Volume3.14 million shs
Average Volume2.55 million shs
Market Capitalization$4.46 billion
P/E Ratio21.38
Dividend YieldN/A
Beta1.24
Ciena Corporation provides hardware, software, and services that support the transport, switching, aggregation, service delivery, and management of voice, video, and data traffic on communications networks worldwide. The company's Networking Platforms segment offers hardware networking solutions optimized for the convergence of coherent optical transport, optical transport network switching, and packet switching. Its products include 6500 Packet-Optical Platform and the 5430 Reconfigurable Switching System, Waveserver stackable interconnect system, CoreDirector Multiservice Optical Switches, and OTN configuration for the 5410 Reconfigurable Switching System, 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 4200 Advanced Services Platform, 5100/5200 Advanced Services Platform, Common Photonic Layer, and 6100 Multiservice Optical Platform. This segment also sells operating system software and enhanced software features embedded in each of its products. The company's Software and Software-Related Services segment offers network management solutions, including the OneControl Unified Management System, ON-Center Network & Service Management Suite, Ethernet Services Manager, Optical Suite Release, and Planet Operate; and Blue Planet network virtualization, service orchestration, and network management software platform, as well as related installation, support, and consulting services. Its 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.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Telephone & telegraph apparatus
Sub-IndustryCommunications Equipment
SectorComputer and Technology
Current SymbolNYSE:CIEN
Previous Symbol
CUSIP17177930
Phone410-694-5700

Debt

Debt-to-Equity Ratio0.33
Current Ratio1.97
Quick Ratio1.76

Price-To-Earnings

Trailing P/E Ratio21.38
Forward P/E Ratio28.96
P/E Growth1.37

Sales & Book Value

Annual Sales$2.80 billion
Price / Sales1.62
Cash Flow$2.5186 per share
Price / Cash Flow12.65
Book Value$14.97 per share
Price / Book2.13

Profitability

EPS (Most Recent Fiscal Year)$1.49
Net Income$1.26 billion
Net Margins25.56%
Return on Equity8.56%
Return on Assets4.36%

Miscellaneous

Employees5,737
Outstanding Shares142,600,000
Market Cap$4.46 billion
OptionableOptionable

Ciena (NYSE:CIEN) Frequently Asked Questions

What is Ciena's stock symbol?

Ciena trades on the New York Stock Exchange (NYSE) under the ticker symbol "CIEN."

How will Ciena's stock buyback program work?

Ciena announced that its Board of Directors has approved a stock buyback plan on Thursday, December 7th 2017, which permits the company to repurchase $300,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.

How were Ciena's earnings last quarter?

Ciena Co. (NYSE:CIEN) announced its quarterly earnings data on Thursday, August, 30th. The communications equipment provider reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.12. The communications equipment provider had revenue of $818.82 million for the quarter, compared to the consensus estimate of $792.28 million. Ciena had a net margin of 25.56% and a return on equity of 8.56%. The firm's quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.51 EPS. View Ciena's Earnings History.

When is Ciena's next earnings date?

Ciena is scheduled to release their next quarterly earnings announcement on Thursday, December 13th 2018. View Earnings Estimates for Ciena.

How can I listen to Ciena's earnings call?

Ciena will be holding an earnings conference call on Thursday, December 13th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

What price target have analysts set for CIEN?

20 brokers have issued 1-year target prices for Ciena's stock. Their forecasts range from $23.00 to $39.00. On average, they expect Ciena's stock price to reach $33.2632 in the next twelve months. This suggests a possible upside of 4.4% from the stock's current price. View Analyst Price Targets for Ciena.

What is the consensus analysts' recommendation for Ciena?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last year. There are currently 1 sell rating, 8 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Ciena.

What are Wall Street analysts saying about Ciena stock?

Here are some recent quotes from research analysts about Ciena stock:
  • 1. According to Zacks Investment Research, "Ciena’s revenues are expected to benefit from rising demand for packet-optical transport and switching products, integrated network and service management software. The company is increasingly investing in the data and optical fiber market to serve rising bandwidth demand. Growing usage of service management software in the global communication market remains a key catalyst. Furthermore, the Packet Design buyout will help accelerate Ciena's Blue Planet software strategy by extending its intelligent automation capabilities. The stock has outperformed the industry in the past three months on an average. However, the company faces huge concentration risk as a major portion of its revenues is concentrated among a few, large global communications service providers. Ciena competes against big players in the networking industry with risk of future cash flow. The company has a small share of the market relative to many of its competitors." (11/12/2018)
  • 2. Nomura analysts commented, "F2Q sales meet expectations, but soft margins drive EPS miss. Webscale hit a record 17% of sales and lifted sales to $730mn, just above consensus. EMEA and APAC are also healthy, though AT&T and Verizon seem uninspired. The low-margin new wins and weak software mix drove a 220bps QoQ gross margin decline. This limited $0.23, which was well below consensus of $0.30. Revenue picture brightens; Ciena lifts 2018 guidance to 7-9% growth. Record 2Q webscale and India orders allowed Ciena to offer F3Q guidance of $790mn. This is well above consensus of $769mn. Ciena’s new 7-9% 2018 outlook exceeds its prior >5% view; its 5-7% three-year view is steady. Share gains require lower margins… for now. Ciena strengthened its share gain story by citing eight Tier 1 telco competitive wins this year and a second straight strong webscale quarter." (6/1/2018)

Has Ciena been receiving favorable news coverage?

Press coverage about CIEN stock has trended somewhat positive this week, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Ciena earned a coverage optimism score of 1.5 on InfoTrie's scale. They also assigned media coverage about the communications equipment provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the next few days.

Are investors shorting Ciena?

Ciena saw a decline in short interest during the month of November. As of November 15th, there was short interest totalling 6,367,814 shares, a decline of 35.8% from the October 31st total of 9,925,711 shares. Based on an average daily trading volume, of 4,125,816 shares, the days-to-cover ratio is presently 1.5 days. Approximately 4.5% of the shares of the stock are sold short. View Ciena's Current Options Chain.

Who are some of Ciena's key competitors?

Who are Ciena's key executives?

Ciena's management team includes the folowing people:
  • Dr. Patrick H. Nettles, Exec. Chairman (Age 75)
  • Mr. Gary B. Smith, CEO, Pres & Director (Age 58)
  • Mr. James E. Moylan Jr., CFO & Sr. VP of Fin. (Age 67)
  • Mr. Stephen B. Alexander, CTO, Sr. VP & Member of Technology Advisory Council (Age 59)
  • Mr. David M. Rothenstein, Sr. VP, Gen. Counsel & Sec. (Age 50)

Who are Ciena's major shareholders?

Ciena's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (11.46%), Vanguard Group Inc. (9.09%), Bank of New York Mellon Corp (6.80%), Alliancebernstein L.P. (3.22%), Neuberger Berman Group LLC (2.97%) and FIL Ltd (2.97%). Company insiders that own Ciena stock include Andrew C Petrik, David M Rothenstein, Francois Locoh-Donou, Gary B Smith, Harvey B Cash, James E Moylan Jr, James E Moylan, Jr, James Frodsham, Jason Phipps, Judith M Obrien, Patrick Gallagher, Rick Hamilton, Scott Mcfeely and Stephen B Alexander. View Institutional Ownership Trends for Ciena.

Which major investors are selling Ciena stock?

CIEN stock was sold by a variety of institutional investors in the last quarter, including Thrivent Financial for Lutherans, Bank of New York Mellon Corp, Man Group plc, Dimensional Fund Advisors LP, JPMorgan Chase & Co., FMR LLC, FIL Ltd and Victory Capital Management Inc.. Company insiders that have sold Ciena company stock in the last year include Andrew C Petrik, David M Rothenstein, Gary B Smith, James E Moylan Jr, James E Moylan, Jr, James Frodsham, Jason Phipps, Patrick Gallagher, Rick Hamilton, Scott Mcfeely and Stephen B Alexander. View Insider Buying and Selling for Ciena.

Which major investors are buying Ciena stock?

CIEN stock was acquired by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Renaissance Technologies LLC, Deutsche Bank AG, AQR Capital Management LLC, TIAA CREF Investment Management LLC, Morgan Stanley, Waratah Capital Advisors Ltd. and Aperio Group LLC. View Insider Buying and Selling for Ciena.

How do I buy shares of Ciena?

Shares of CIEN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Ciena's stock price today?

One share of CIEN stock can currently be purchased for approximately $31.86.

How big of a company is Ciena?

Ciena has a market capitalization of $4.46 billion and generates $2.80 billion in revenue each year. The communications equipment provider earns $1.26 billion in net income (profit) each year or $1.49 on an earnings per share basis. Ciena employs 5,737 workers across the globe.

What is Ciena's official website?

The official website for Ciena is http://www.ciena.com.

How can I contact Ciena?

Ciena's mailing address is 7035 RIDGE ROAD, HANOVER MD, 21076. The communications equipment provider can be reached via phone at 410-694-5700 or via email at [email protected]


MarketBeat Community Rating for Ciena (NYSE CIEN)

Community Ranking:  3.4 out of 5 (star star star)
Outperform Votes:  984 (Vote Outperform)
Underperform Votes:  469 (Vote Underperform)
Total Votes:  1,453
MarketBeat's community ratings are surveys of what our community members think about Ciena and other stocks. Vote "Outperform" if you believe CIEN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CIEN will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/11/2018 by MarketBeat.com Staff

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