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Ciena Stock Price, Forecast & Analysis (NYSE:CIEN)

$38.01
+0.49 (+1.31 %)
(As of 11/17/2019 11:05 AM ET)
Today's Range
$37.57
Now: $38.01
$38.04
50-Day Range
$36.05
MA: $37.56
$39.45
52-Week Range
$30.33
Now: $38.01
$46.78
Volume931,961 shs
Average Volume2.00 million shs
Market Capitalization$5.88 billion
P/E Ratio33.94
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$2.00 per share
Book Value$13.53 per share

Profitability

Net Income$-344,690,000.00

Miscellaneous

Employees6,013
Market Cap$5.88 billion
Next Earnings Date12/12/2019 (Confirmed)
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 will Ciena's stock buyback program work?

Ciena announced that its Board of Directors has initiated a share buyback plan on Thursday, December 7th 2017, which authorizes the company to buyback $300,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.

How were Ciena's earnings last quarter?

Ciena Co. (NYSE:CIEN) posted its quarterly earnings data on Thursday, September, 5th. The communications equipment provider reported $0.71 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.50 by $0.21. The communications equipment provider had revenue of $960.60 million for the quarter, compared to analyst estimates of $930.64 million. Ciena had a net margin of 6.77% and a return on equity of 13.64%. Ciena's revenue was up 17.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.48 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 12th 2019. 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 12th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

What price target have analysts set for CIEN?

24 analysts have issued 12 month price targets for Ciena's shares. Their forecasts range from $32.00 to $56.00. On average, they anticipate Ciena's share price to reach $48.64 in the next twelve months. This suggests a possible upside of 28.0% 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 8 hold ratings and 16 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. 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)
  • 2. 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)
  • 3. 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 the rising bandwidth demand. Network upgrades by telecom carriers to meet increasing demand bode well for its long-term growth prospects. By expanding beyond its core optical networking expertise, Ciena has also been able to broaden customer base and thereby, grow its addressable market. The expansion of Blue Planet software business and network automation capabilities has further provided competitive advantage. However, the stock has underperformed the industry in the past six months on average. Customer concentration has been a major impediment for Ciena’s top-line growth as a bulk of revenues is concentrated among a few, large global communications service providers." (5/8/2019)

Has Ciena been receiving favorable news coverage?

News stories about CIEN stock have been trending negative recently, according to InfoTrie Sentiment. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Ciena earned a news sentiment score of -2.5 on InfoTrie's scale. They also gave news articles about the communications equipment provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the immediate future. View News Stories for Ciena.

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), Fossil Group (FOSL), Alibaba Group (BABA), AMC Entertainment (AMC), Associated British Foods (ABF), Chaarat Gold (CGH), Cisco Systems (CSCO) and First Data (FDC).

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 First Trust Advisors LP (2.20%), Wedge Capital Management L L P NC (0.68%), Menora Mivtachim Holdings LTD. (0.67%), Emerald Mutual Fund Advisers Trust (0.65%), Emerald Advisers LLC (0.64%) and Trinity Street Asset Management LLP (0.53%). 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 major 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, Emerald Advisers LLC, Russell Investments Group Ltd., Picton Mahoney Asset Management, Sawgrass Asset Management LLC, Robeco Institutional Asset Management B.V., Emerald Mutual Fund Advisers Trust and SG Americas Securities LLC. 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 major investors are buying Ciena stock?

CIEN stock was bought by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Menora Mivtachim Holdings LTD., Hancock Whitney Corp, Jag Capital Management LLC, Commerzbank Aktiengesellschaft FI, Marketfield Asset Management LLC, California Public Employees Retirement System and Twin Capital Management Inc.. 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 $38.01.

How big of a company is Ciena?

Ciena has a market capitalization of $5.88 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:  1,082 (Vote Outperform)
Underperform Votes:  537 (Vote Underperform)
Total Votes:  1,619
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 11/17/2019 by MarketBeat.com Staff

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