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Closing prices for crude oil, gold and other commodities
Mark Zuckerberg Is Sitting on a Huge Stockpile of AI Chips as Companies Compete for Limited Supplies
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Stock ideas from the 2024 Microcap Conference
Critical asset just had biggest fall on record (Ad)
Sprouts, Block rise; Booking Holdings, Insulet fall, Friday, 2/23/2024
How major US stock indexes fared Friday, 2/23/2024
U.S. "Shadow Banks" About to Blow up again? (Ad)
In his annual letter, Warren Buffett tells investors to ignore Wall Street pundits
MarketBeat Week in Review – 2/19 - 2/23
U.S. "Shadow Banks" About to Blow up again? (Ad)
Closing prices for crude oil, gold and other commodities
Mark Zuckerberg Is Sitting on a Huge Stockpile of AI Chips as Companies Compete for Limited Supplies
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Stock ideas from the 2024 Microcap Conference
Critical asset just had biggest fall on record (Ad)
Sprouts, Block rise; Booking Holdings, Insulet fall, Friday, 2/23/2024
How major US stock indexes fared Friday, 2/23/2024
U.S. "Shadow Banks" About to Blow up again? (Ad)
In his annual letter, Warren Buffett tells investors to ignore Wall Street pundits
MarketBeat Week in Review – 2/19 - 2/23
U.S. "Shadow Banks" About to Blow up again? (Ad)
Closing prices for crude oil, gold and other commodities
Mark Zuckerberg Is Sitting on a Huge Stockpile of AI Chips as Companies Compete for Limited Supplies
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Stock ideas from the 2024 Microcap Conference
Critical asset just had biggest fall on record (Ad)
Sprouts, Block rise; Booking Holdings, Insulet fall, Friday, 2/23/2024
How major US stock indexes fared Friday, 2/23/2024
U.S. "Shadow Banks" About to Blow up again? (Ad)
In his annual letter, Warren Buffett tells investors to ignore Wall Street pundits
MarketBeat Week in Review – 2/19 - 2/23
U.S. "Shadow Banks" About to Blow up again? (Ad)
Closing prices for crude oil, gold and other commodities
Mark Zuckerberg Is Sitting on a Huge Stockpile of AI Chips as Companies Compete for Limited Supplies

Ciena (CIEN) Stock Price, News & Analysis

$55.33
-0.99 (-1.76%)
(As of 02/23/2024 ET)
Today's Range
$54.82
$56.29
50-Day Range
$43.11
$57.37
52-Week Range
$39.94
$57.73
Volume
1.92 million shs
Average Volume
1.65 million shs
Market Capitalization
$8.02 billion
P/E Ratio
32.36
Dividend Yield
N/A
Price Target
$60.21

Ciena MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.92 Rating Score
Upside/​Downside
8.8% Upside
$60.21 Price Target
Short Interest
Healthy
3.23% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.77
Upright™ Environmental Score
News Sentiment
0.69mentions of Ciena in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$5.64 M Sold Last Quarter
Proj. Earnings Growth
34.45%
From $2.09 to $2.81 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.

4.68 out of 5 stars

Computer And Technology Sector

60th out of 582 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

Analyst Scoreboard: 9 Ratings For Ciena
StockNews.com Lowers Ciena (NYSE:CIEN) to Sell
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Ciena Stock (NYSE:CIEN) Insider Trades
Ciena Corporation (CIEN.MX)
Wall Street Pushing a 'Crypto Revolution' - Will You Miss Out… AGAIN?
Financial giants have been injecting millions into the crypto market. The big players are going all in on crypto… but what are they gearing up for? There is a significant event on the horizon that will shape the future of Bitcoin—the upcoming Bitcoin halving event…We're revealing all the secrets behind the financial elite's bold moves in crypto during our LIVE, online event.
Gary B. Smith Sells 8,332 Shares of Ciena Co. (NYSE:CIEN) Stock
Insider Sells Shares of Ciena Corp
This Mid-Cap Tech Stock Could Rise 40% From Here
Flex Ltd. (NASDAQ:FLEX) Q3 2024 Earnings Call Transcript
Ciena price target lowered by $3 at JPMorgan, here's why
See More Headlines
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Company Calendar

Last Earnings
12/07/2023
Today
2/24/2024
Next Earnings (Confirmed)
3/07/2024
Fiscal Year End
10/31/2024

Industry, Sector and Symbol

Industry
Telephone & telegraph apparatus
Sub-Industry
Communications Equipment
CUSIP
17177930
Employees
8,483
Year Founded
1992

Price Target and Rating

Average Stock Price Target
$60.21
High Stock Price Target
$71.00
Low Stock Price Target
$41.00
Potential Upside/Downside
+8.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.92
Research Coverage
12 Analysts

Profitability

Net Income
$254.83 million
Pretax Margin
7.38%

Debt

Sales & Book Value

Annual Sales
$4.39 billion
Cash Flow
$3.06 per share
Book Value
$19.27 per share

Miscellaneous

Free Float
143,805,000
Market Cap
$8.02 billion
Optionable
Optionable
Beta
1.01

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CIEN Stock Analysis - Frequently Asked Questions

Should I buy or sell Ciena stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last twelve months. There are currently 2 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?

12 Wall Street analysts have issued 1 year price objectives for Ciena's shares. Their CIEN share price targets range from $41.00 to $71.00. On average, they expect the company's share price to reach $60.21 in the next twelve months. This suggests a possible upside of 8.8% 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 2024?

Ciena's stock was trading at $45.01 at the start of the year. Since then, CIEN stock has increased by 22.9% and is now trading at $55.33.
View the best growth stocks for 2024 here
.

Are investors shorting Ciena?

Ciena saw a increase in short interest during the month of January. As of January 15th, there was short interest totaling 4,520,000 shares, an increase of 10.5% from the December 31st total of 4,090,000 shares. Based on an average daily volume of 1,600,000 shares, the days-to-cover ratio is currently 2.8 days. Currently, 3.2% of the company's shares are short sold.
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, March 7th 2024.
View our CIEN earnings forecast
.

How can I listen to Ciena's earnings call?

Ciena will be holding an earnings conference call on Thursday, March 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) issued its quarterly earnings results on Thursday, December, 7th. The communications equipment provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.06. The communications equipment provider earned $1.13 billion during the quarter, compared to analysts' expectations of $1.10 billion. Ciena had a trailing twelve-month return on equity of 10.28% and a net margin of 5.81%. Ciena's revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter last year, the business posted $0.49 EPS.

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

Ciena updated its first quarter 2024 earnings guidance on Monday, December, 11th. The company provided EPS guidance of for the period. The company issued revenue guidance of $980.0 million-$1.1 billion, compared to the consensus revenue estimate of $1.0 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 many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.36%), BNP Paribas Asset Management Holding S.A. (3.47%), Capital World Investors (2.42%), Senvest Management LLC (2.04%), FIL Ltd (1.84%) and Dimensional Fund Advisors LP (1.49%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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 2/24/2024 by MarketBeat.com Staff