Ciena Stock Forecast, Price & News

Ciena's stock was trading at $38.83 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CIEN stock has increased by 6.2% and is now trading at $41.24.
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24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last year. There are currently 1 sell rating, 5 hold ratings and 18 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Ciena is scheduled to release its next quarterly earnings announcement on Thursday, December 10th 2020.
View our earnings forecast for Ciena.

Ciena Co. (NYSE:CIEN) released its earnings results on Thursday, September, 3rd. The communications equipment provider reported $1.06 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.83 by $0.23. The communications equipment provider had revenue of $976.70 million for the quarter, compared to analyst estimates of $974.49 million. Ciena had a net margin of 10.26% and a return on equity of 17.93%. Ciena's revenue was up 1.7% on a year-over-year basis. During the same period last year, the business posted $0.71 earnings per share.
View Ciena's earnings history.

Ciena updated its fourth quarter 2020 Pre-Market earnings guidance on Thursday, September, 3rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $800-840 million, compared to the consensus revenue estimate of $994.43 million.

24 analysts have issued 12 month price targets for Ciena's stock. Their forecasts range from $31.00 to $73.00. On average, they expect Ciena's stock price to reach $54.25 in the next twelve months. This suggests a possible upside of 31.5% from the stock's current price.
View analysts' price targets for Ciena.

Ciena saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 3,690,000 shares, an increase of 25.9% from the August 31st total of 2,930,000 shares. Based on an average daily trading volume, of 2,370,000 shares, the days-to-cover ratio is currently 1.6 days. Approximately 2.4% of the company's shares are sold short.
View Ciena's Short Interest.

Some companies that are related to Ciena include Cisco Systems (CSCO), QUALCOMM (QCOM), Motorola Solutions (MSI), Palo Alto Networks (PANW), F5 Networks (FFIV), Juniper Networks (JNPR), EchoStar (SATS), ViaSat (VSAT), InterDigital (IDCC), Calix (CALX), Infinera (INFN), NETGEAR (NTGR), Plantronics (PLT), Harmonic (HLIT) and ADTRAN (ADTN).
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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), The Walt Disney (DIS) and Skyworks Solutions (SWKS).

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

Ciena's stock is owned by many different institutional and retail investors. Top institutional investors include LSV Asset Management (1.47%), Trinity Street Asset Management LLP (0.61%), Peregrine Capital Management LLC (0.41%), Paradigm Capital Management Inc. NY (0.26%), Retirement Systems of Alabama (0.24%) and Dalton Greiner Hartman Maher & Co. (0.19%). Company insiders that own Ciena stock include Andrew C Petrik, Bruce L Claflin, 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 institutional ownership trends for Ciena.

CIEN stock was sold by a variety of institutional investors in the last quarter, including Dalton Greiner Hartman Maher & Co., James Investment Research Inc., Toth Financial Advisory Corp, CENTRAL TRUST Co, Winslow Evans & Crocker Inc., CWM LLC, Optimum Investment Advisors, and Harel Insurance Investments & Financial Services Ltd.. Company insiders that have sold Ciena company stock in the last year include Andrew C Petrik, Bruce L Claflin, David M Rothenstein, Gary B Smith, James E Moylan, Jr, Patrick H Nettles, Rick Hamilton, Scott Mcfeely, Stephen B Alexander, and Thomas Michael Nevens.
View insider buying and selling activity for Ciena.

CIEN stock was purchased by a variety of institutional investors in the last quarter, including Trinity Street Asset Management LLP, LSV Asset Management, Standard Life Aberdeen plc, Pacer Advisors Inc., Sycomore Asset Management, Rothschild Investment Corp IL, Hudson Valley Investment Advisors Inc. ADV, and NuWave Investment Management LLC.
View insider buying and selling activity for 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.

One share of CIEN stock can currently be purchased for approximately $41.24.

Ciena has a market capitalization of $6.36 billion and generates $3.57 billion in revenue each year. The communications equipment provider earns $253.43 million in net income (profit) each year or $1.84 on an earnings per share basis. Ciena employs 6,383 workers across the globe.

The official website for Ciena is www.ciena.com.

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]