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NYSE:CIEN

Ciena (CIEN) Stock Forecast, Price & News

$47.14
+0.25 (+0.53%)
(As of 09/22/2023 08:51 PM ET)
Compare
Today's Range
$46.98
$47.69
50-Day Range
$40.44
$50.00
52-Week Range
$38.33
$54.25
Volume
1.01 million shs
Average Volume
1.77 million shs
Market Capitalization
$6.97 billion
P/E Ratio
31.85
Dividend Yield
N/A
Price Target
$61.35

Ciena MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
30.2% Upside
$61.35 Price Target
Short Interest
Healthy
2.43% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.77
Upright™ Environmental Score
News Sentiment
0.25mentions of Ciena in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$1.77 M Sold Last Quarter
Proj. Earnings Growth
25.00%
From $1.96 to $2.45 Per Share

Overall MarketRank

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

3.12 out of 5 stars

Computer And Technology Sector

18th out of 584 stocks

Telephone & Telegraph Apparatus Industry

1st out of 10 stocks


CIEN stock logo

About Ciena (NYSE:CIEN) Stock

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 Price History

CIEN Stock News Headlines

Does Ciena's Earnings Beat Signal New Networking Boom Ahead?
Network gear maker Ciena saw a sizeable gap-up in stock price after strong Q3 earnings. What does that say about prospects for the broader industry?
3 Inexpensive Mid Cap Tech Stocks With Good Growth Prospects (CIEN)
A prudent portfolio strategy can be paring back outperformers and reallocating to less popular, less expensive names - like these three mid-cap tech stocks.
Would Buffett Approve of This Growth Strategy?
Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.
Brokers Offer Predictions for Ciena Co.'s FY2023 Earnings (NYSE:CIEN)
Ciena's (CIEN) Coherent Solutions Being Leveraged by EdgeUno
Would Buffett Approve of This Growth Strategy?
Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.
Multiple Headwinds Dragged Ciena Corporation (CIEN) in Q2
Ciena Corporation: Demand recovery underway
Needham Maintains Buy Rating for Ciena: Here's What You Need To Know
Q3 2023 Ciena Corp Earnings Call
Ciena (CIEN) Q3 Earnings and Revenues Surpass Estimates
Ciena stock rises as broadband firm beats expectations
Ciena: Fiscal Q3 Earnings Snapshot
Why Ciena Corporation Jumped Today
See More Headlines
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CIEN Company Calendar

Last Earnings
8/31/2023
Today
9/25/2023
Fiscal Year End
10/31/2023
Next Earnings (Estimated)
12/14/2023

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 Forecast
$61.35
High Stock Price Forecast
$76.00
Low Stock Price Forecast
$41.00
Forecasted Upside/Downside
+30.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
12 Analysts

Profitability

Net Income
$152.90 million
Pretax Margin
7.53%

Debt

Sales & Book Value

Annual Sales
$3.63 billion
Cash Flow
$2.36 per share
Book Value
$18.31 per share

Miscellaneous

Free Float
146,378,000
Market Cap
$6.97 billion
Optionable
Optionable
Beta
0.91

Social Links

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Key Executives

  • Dr. Patrick H. NettlesDr. Patrick H. Nettles (Age 80)
    Exec. Chairman
    Comp: $156k
  • Mr. Gary B. SmithMr. Gary B. Smith (Age 63)
    CEO, Pres & Director
    Comp: $1.01M
  • Mr. James E. Moylan Jr.Mr. James E. Moylan Jr. (Age 72)
    Sr. VP of Fin. & CFO
    Comp: $595.43k
  • Mr. Scott Alexander McFeely (Age 59)
    Sr. VP of Global Products & Services
    Comp: $565.54k
  • Mr. Jason M. PhippsMr. Jason M. Phipps (Age 51)
    Sr. VP of Global Customer Engagement
    Comp: $535.96k
  • Mr. David M. RothensteinMr. David M. Rothenstein (Age 55)
    Sr. VP, Chief Strategy Officer & Corp. Sec.
    Comp: $527.2k
  • Mr. Stephen B. AlexanderMr. Stephen B. Alexander (Age 64)
    Sr. VP, CTO & Member of Technology Advisory Council
  • Mr. Gregg M. Lampf
    VP of Investor Relations
  • Ms. Sheela Kosaraju
    Sr. VP, Gen. Counsel & Assistant Sec.
  • Ms. Rebecca Smith
    Sr. VP of Global Marketing & Communications













CIEN Stock - 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 3 hold ratings, 8 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 forecast for 2023?

12 Wall Street analysts have issued 1 year price objectives for Ciena's shares. Their CIEN share price forecasts range from $41.00 to $76.00. On average, they expect the company's stock price to reach $61.35 in the next year. This suggests a possible upside of 30.2% 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 on January 1st, 2023. Since then, CIEN stock has decreased by 7.5% and is now trading at $47.14.
View the best growth stocks for 2023 here
.

Are investors shorting Ciena?

Ciena saw a decrease in short interest in August. As of August 15th, there was short interest totaling 3,450,000 shares, a decrease of 11.3% from the July 31st total of 3,890,000 shares. Based on an average daily trading volume, of 2,050,000 shares, the short-interest ratio is presently 1.7 days. Currently, 2.3% 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 14th 2023.
View our CIEN earnings forecast
.

How were Ciena's earnings last quarter?

Ciena Co. (NYSE:CIEN) announced its quarterly earnings data on Thursday, August, 31st. The communications equipment provider reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.08. The communications equipment provider had revenue of $1.07 billion for 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 business's quarterly revenue was up 23.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.18 earnings per share.

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 EPS 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).

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 number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.14%), BNP PARIBAS ASSET MANAGEMENT Holding S.A. (2.87%), State Street Corp (2.84%), Thrivent Financial for Lutherans (1.86%), Alliancebernstein L.P. (1.84%) and Victory Capital Management Inc. (1.71%). 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.

What is Ciena's stock price today?

One share of CIEN stock can currently be purchased for approximately $47.14.

How much money does Ciena make?

Ciena (NYSE:CIEN) has a market capitalization of $6.97 billion and generates $3.63 billion in revenue each year. The communications equipment provider earns $152.90 million in net income (profit) each year or $1.48 on an earnings per share basis.

How many employees does Ciena have?

The company employs 8,079 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
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 9/25/2023 by MarketBeat.com Staff

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