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.
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Industry, Sector and Symbol
Industry Telephone & telegraph apparatus
Sub-IndustryCommunications Equipment
SectorComputer and Technology
Phone410-694-5700
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$3.57 billion
Profitability
Miscellaneous
Employees6,383
Next Earnings Date3/3/2020 (Estimated)
OptionableOptionable
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 results on Thursday, December, 12th. The communications equipment provider reported $0.58 EPS 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 13.67% and a net margin of 7.09%. The firm's revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 EPS. View Ciena's Earnings History.
When is Ciena's next earnings date?
What price target have analysts set for CIEN?
23 Wall Street analysts have issued twelve-month target prices for Ciena's shares. Their forecasts range from $31.00 to $56.00. On average, they expect Ciena's share price to reach $48.95 in the next year. This suggests a possible upside of 15.0% from the stock's current price. View Analyst Price Targets for Ciena.
What is the consensus analysts' recommendation for Ciena?
23 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 18 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?
Press coverage about CIEN stock has trended somewhat negative on Thursday, InfoTrie reports. The research group identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real-time. 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 coverage optimism score of -1.6 on InfoTrie's scale. They also gave news stories about the communications equipment provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for Ciena.
Are investors shorting Ciena?
Ciena saw a decline in short interest in the month of December. As of December 31st, there was short interest totalling 8,500,000 shares, a decline of 16.1% from the December 15th total of 10,130,000 shares. Based on an average daily volume of 2,790,000 shares, the short-interest ratio is currently 3.0 days. Approximately 5.6% of the shares of the stock are sold short. View Ciena's Current Options Chain.
Who are some of Ciena's key competitors?
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), ViaSat (VSAT), Echostar (SATS), Finisar (FNSR), InterDigital Wireless (IDCC), Infinera (INFN), Plantronics (PLT), Extreme Networks (EXTR), Comtech Telecomm. (CMTL) and NetGear (NTGR).
What other stocks do shareholders of Ciena own?
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 a variety of of institutional and retail investors. Top institutional investors include Peregrine Capital Management LLC (0.51%), Trinity Street Asset Management LLP (0.45%), Dalton Greiner Hartman Maher & Co. (0.22%), Commerzbank Aktiengesellschaft FI (0.19%), Artemis Investment Management LLP (0.18%) and Assenagon Asset Management S.A. (0.14%). 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 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 Trinity Street Asset Management LLP, Dalton Greiner Hartman Maher & Co., Janney Montgomery Scott LLC, Peregrine Capital Management LLC, Canton Hathaway LLC, Marketfield Asset Management LLC, State of Alaska Department of Revenue and IFP Advisors Inc. 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, 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 Artemis Investment Management LLP, Assenagon Asset Management S.A., Commerzbank Aktiengesellschaft FI, AE Wealth Management LLC, New England Research & Management Inc., Campbell & CO Investment Adviser LLC, Sciencast Management LP and Wealthstreet Investment Advisors 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 $42.58.
How big of a company is Ciena?
Ciena has a market capitalization of $6.56 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.View Additional Information About Ciena.
What is Ciena's official website?
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)
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.
