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NYSE:CIEN - Ciena Stock Price, Forecast & News

$41.38
-1.24 (-2.91 %)
(As of 12/13/2019 04:00 PM ET)
Today's Range
$41.19
Now: $41.38
$43.97
50-Day Range
$34.64
MA: $37.06
$42.69
52-Week Range
$30.77
Now: $41.38
$46.78
Volume10.13 million shs
Average Volume2.82 million shs
Market Capitalization$6.40 billion
P/E Ratio36.95
Dividend YieldN/A
Beta1.06
Ciena Corporation provides network hardware, software, and services that support the transport, 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 solutions optimized for the convergence of coherent optical transport, optical transport network switching, and packet switching. Read More…

Industry, Sector and Symbol

Industry Telephone & telegraph apparatus
Sub-IndustryCommunications Equipment
SectorComputer and Technology
CUSIP17177930
Phone410-694-5700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.09 billion
Cash Flow$2.31 per share
Book Value$13.53 per share

Profitability

Net Income$-344,690,000.00

Miscellaneous

Employees6,013
Market Cap$6.40 billion
Next Earnings Date3/3/2020 (Estimated)
OptionableOptionable

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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 were Ciena's earnings last quarter?

Ciena Co. (NYSE:CIEN) posted its quarterly earnings data on Thursday, December, 12th. The communications equipment provider reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.63 by $0.05. The communications equipment provider had revenue of $968 million for the quarter, compared to analysts' expectations of $966.28 million. Ciena had a return on equity of 13.64% and a net margin of 6.77%. The company's revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.53 earnings per share. View Ciena's Earnings History.

When is Ciena's next earnings date?

Ciena is scheduled to release their next quarterly earnings announcement on Tuesday, March 3rd 2020. View Earnings Estimates for Ciena.

What price target have analysts set for CIEN?

24 brokerages have issued 12-month price objectives for Ciena's shares. Their forecasts range from $31.00 to $56.00. On average, they anticipate Ciena's share price to reach $48.82 in the next year. This suggests a possible upside of 18.0% from the stock's current price. View Analyst Price Targets for Ciena.

What is the consensus analysts' recommendation for Ciena?

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last year. There are currently 1 sell rating, 6 hold ratings and 17 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 reported mixed fourth-quarter fiscal 2019 results, wherein the top line surpassed the Zacks Consensus Estimate but the bottom line missed the same. The company expects to deliver improved operating margin and sustained EPS growth in fiscal 2020 on the back of innovation, diversification and scale of operations. The acquisition of Packet Design is aiding Ciena's Blue Planet software strategy by extending its intelligent automation capabilities. It has a lot of growth opportunities in Asia Pacific, especially India. However, it faces concentration risk as a major portion of its revenues comes from a few large global communications service providers. Cutthroat competition remains an impediment to growth as small vendors resort to aggressive pricing. Another significant challenge for the company is escalating operating expenses." (12/13/2019)
  • 2. Northland Securities analysts commented, "We recently upgraded the shares (The Last Speed/Feed Battle in Coherent Optics? Upgrading to OP on Recent Underperformance, 800G Prospects- 4/15/19) a couple dollars higher in conjunction with a deep dive on emerging 600/800G technologies and post significant underperformance relative to ACIA given market share concerns ande reiterate our OP rating and $42 PT heading into Thursday AM’s report." (6/5/2019)
  • 3. Rosenblatt Securities analysts commented, "We expect CIEN to report near in-line F2Q19 results and outlook when it reports Thursday morning June 6 th . We look for slowing hyperscale sales to be balanced by steady growth from US and European carriers. We expect CIEN to maintain its outlook of ~ +2% y/y revenue growth for F2H19 and do not expect management to raise expectations for 2020 despite early positive signs of potential international share gains from Chinese suppliers. We believe CIEN has zero exposure to China sales and likely minimal supply chain exposure. We make no changes to our FY19 outlook, wherein revenues are near inline with consensus but earnings are $.10 light of consensus, and introduce our FY20 estimates, in-line with consensus. We maintain our neutral rating and increase our price target from $36 to $38." (6/3/2019)

Has Ciena been receiving favorable news coverage?

Media stories about CIEN stock have trended somewhat negative on Friday, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Ciena earned a media sentiment score of -1.5 on InfoTrie's scale. They also assigned news stories about the communications equipment provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for Ciena.

Are investors shorting Ciena?

Ciena saw a increase in short interest during the month of November. As of November 29th, there was short interest totalling 8,890,000 shares, an increase of 7.9% from the November 14th total of 8,240,000 shares. Based on an average daily trading volume, of 2,560,000 shares, the days-to-cover ratio is currently 3.5 days. Currently, 5.8% of the shares of the stock are short sold. View Ciena's Current Options Chain.

Who are some of Ciena's key competitors?

What other stocks do shareholders of Ciena own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Ciena investors own include Bank of America (BAC), Intelsat (I), Micron Technology (MU), Alibaba Group (BABA), NVIDIA (NVDA), Cisco Systems (CSCO), Fossil Group (FOSL), Advanced Micro Devices (AMD), AMC Entertainment (AMC) and Associated British Foods (ABF).

Who are Ciena's key executives?

Ciena's management team includes the folowing people:
  • Dr. Patrick H. Nettles, Exec. Chairman (Age 76)
  • Mr. Gary B. Smith, CEO, Pres & Director (Age 59)
  • Mr. James E. Moylan Jr., CFO & Sr. VP of Fin. (Age 68)
  • Mr. David M. Rothenstein, Sr. VP, Gen. Counsel & Sec. (Age 51)
  • Mr. Rick L. Hamilton, Sr. VP of Blue Planet Software (Age 47)

Who are Ciena's major shareholders?

Ciena's stock is owned by many different of institutional and retail investors. Top institutional shareholders include State Street Corp (2.44%), First Trust Advisors LP (2.20%), Boston Partners (0.95%), Wedge Capital Management L L P NC (0.68%), Menora Mivtachim Holdings LTD. (0.67%) and Emerald Mutual Fund Advisers Trust (0.65%). Company insiders that own Ciena stock include Andrew C Petrik, David M Rothenstein, Gary B Smith, James E Moylan Jr, James E Moylan, Jr, James Frodsham, Jason Phipps, Jean I Liu, Judith M Obrien, Patrick Gallagher, Patrick H Nettles, Rick Hamilton, Scott Mcfeely, Stephen B Alexander and Thomas Michael Nevens. View Institutional Ownership Trends for Ciena.

Which institutional investors are selling Ciena stock?

CIEN stock was sold by a variety of institutional investors in the last quarter, including State of New Jersey Common Pension Fund D, Millennium Management LLC, Man Group plc, Voloridge Investment Management LLC, Stifel Financial Corp, Emerald Advisers LLC, Russell Investments Group Ltd. and Picton Mahoney Asset Management. 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, Jean I Liu, Judith M Obrien, Patrick H Nettles, Rick Hamilton, Scott Mcfeely, Stephen B Alexander and Thomas Michael Nevens. View Insider Buying and Selling for Ciena.

Which institutional investors are buying Ciena stock?

CIEN stock was purchased by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Menora Mivtachim Holdings LTD., Squarepoint Ops LLC, State Street Corp, Hancock Whitney Corp, Jag Capital Management LLC, Commerzbank Aktiengesellschaft FI and Voya Investment Management 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, Robinhood, Fidelity and Charles Schwab.

What is Ciena's stock price today?

One share of CIEN stock can currently be purchased for approximately $41.38.

How big of a company is Ciena?

Ciena has a market capitalization of $6.40 billion and generates $3.09 billion in revenue each year. The communications equipment provider earns $-344,690,000.00 in net income (profit) each year or $1.12 on an earnings per share basis. Ciena employs 6,013 workers across the globe.View Additional Information About Ciena.

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:  3.3 out of 5 (star star star)
Outperform Votes:  1,092 (Vote Outperform)
Underperform Votes:  548 (Vote Underperform)
Total Votes:  1,640
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 12/13/2019 by MarketBeat.com Staff

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