NYSE:CIENCiena Stock Price, Forecast & News

Ciena's stock was trading at $38.83 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CIEN shares have increased by 41.9% and is now trading at $55.10. View which stocks have been most impacted by Coronavirus.

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last year. There are currently 1 sell rating, 4 hold ratings and 15 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Ciena.

Ciena is scheduled to release its next quarterly earnings announcement on Thursday, September 3rd 2020. View our earnings forecast for Ciena.

Ciena Co. (NYSE:CIEN) issued its quarterly earnings data on Thursday, June, 4th. The communications equipment provider reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.49 by $0.27. The communications equipment provider had revenue of $894 million for the quarter, compared to analysts' expectations of $889.42 million. Ciena had a net margin of 8.78% and a return on equity of 16.18%. Ciena's revenue was up 3.3% on a year-over-year basis. During the same period last year, the company posted $0.48 EPS. View Ciena's earnings history.

Ciena updated its third quarter 2020 After-Hours earnings guidance on Thursday, June, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $955-985 million, compared to the consensus revenue estimate of $969.26 million.

20 Wall Street analysts have issued 1-year target prices for Ciena's shares. Their forecasts range from $31.00 to $73.00. On average, they anticipate Ciena's stock price to reach $57.00 in the next twelve months. This suggests a possible upside of 3.4% from the stock's current price. View analysts' price targets for Ciena.

Media coverage about CIEN stock has been trending very negative this week, according to InfoTrie. The research group identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Ciena earned a coverage optimism score of -3.2 on InfoTrie's scale. They also gave news articles about the communications equipment provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news about Ciena.

Ciena saw a drop in short interest in the month of June. As of June 30th, there was short interest totaling 3,450,000 shares, a drop of 27.2% from the June 15th total of 4,740,000 shares. Based on an average daily trading volume, of 2,070,000 shares, the days-to-cover ratio is currently 1.7 days. Approximately 2.3% of the company's shares are sold short. View Ciena's Current Options Chain.

Some companies that are related to Ciena include Cisco Systems (CSCO), QUALCOMM (QCOM), Palo Alto Networks (PANW), Motorola Solutions (MSI), F5 Networks (FFIV), Juniper Networks (JNPR), Echostar (SATS), ViaSat (VSAT), InterDigital Wireless (IDCC), Infinera (INFN), Calix (CALX), NetGear (NTGR), Plantronics (PLT), Ribbon Communications (RBBN) and ADTRAN (ADTN). View all competitors.

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

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

Ciena's stock is owned by a number of institutional and retail investors. Top institutional investors include Dalton Greiner Hartman Maher & Co. (0.28%), Envestnet Asset Management Inc. (0.08%), Patriot Financial Group Insurance Agency LLC (0.01%), Mount Yale Investment Advisors LLC (0.01%), Hudson Valley Investment Advisors Inc. ADV (0.01%) and Tatro Capital LLC (0.00%). 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 bought by a variety of institutional investors in the last quarter, including Dalton Greiner Hartman Maher & Co., Patriot Financial Group Insurance Agency LLC, Hudson Valley Investment Advisors Inc. ADV, Envestnet Asset Management Inc., Tatro Capital LLC, Canandaigua National Corp, Mount Yale Investment Advisors LLC, and Ellevest Inc.. 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 $55.10.

Ciena has a market capitalization of $8.46 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]