NYSE:CIEN - Ciena Stock Price, News, & Analysis

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$34.86 +0.20 (+0.58 %)
(As of 05/21/2019 04:00 PM ET)
Previous Close$34.66
Today's Range$34.75 - $35.29
52-Week Range$22.99 - $45.70
Volume2.00 million shs
Average Volume2.58 million shs
Market Capitalization$5.44 billion
P/E Ratio31.13
Dividend YieldN/A
Beta1.02
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. Its products include 6500 Packet-Optical Platform, 5430 Reconfigurable Switching System, Waveserver stackable interconnect system, CoreDirector Multiservice Optical Switches, and OTN configuration for the 5410 Reconfigurable Switching System, as well as Z-Series Packet-Optical Platform; 3000 family of service delivery switches and service aggregation switches, and the 5000 family of service aggregation switches, as well as 8700 Packetwave Platform and the Ethernet packet configuration for the 5410 Service Aggregation Switch; and 6500 Packet Transport System. This segment also sells operating system software and enhanced software features embedded in each of its products. The company's Software and Software-Related Services segment offers multi-domain service orchestration, inventory, route optimization and assurance, network function virtualization orchestration, analytics, and related services; and OneControl unified management system and platform software services, as well as manage, control, and plan software. Its Global Services segment provides consulting and network design, installation and deployment, maintenance support, and training services. The company sells its products through direct and indirect sales channels to network operators. Ciena Corporation was founded in 1992 and is headquartered in Hanover, Maryland.

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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$1.9863 per share
Book Value$13.53 per share

Profitability

Net Income$-344,690,000.00

Miscellaneous

Employees6,013
Market Cap$5.44 billion
Next Earnings Date6/6/2019 (Confirmed)
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 will Ciena's stock buyback program work?

Ciena declared that its Board of Directors has initiated a share buyback plan on Thursday, December 7th 2017, which allows the company to repurchase $300,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

How were Ciena's earnings last quarter?

Ciena Co. (NYSE:CIEN) announced its quarterly earnings data on Tuesday, March, 5th. The communications equipment provider reported $0.27 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.21 by $0.06. The communications equipment provider earned $778.53 million during the quarter, compared to the consensus estimate of $761.62 million. Ciena had a return on equity of 10.73% and a net margin of 5.03%. The business's revenue for the quarter was up 20.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.15 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, June 6th 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, June 6th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

What price target have analysts set for CIEN?

23 brokerages have issued 1 year price targets for Ciena's shares. Their forecasts range from $32.00 to $53.00. On average, they expect Ciena's stock price to reach $42.8571 in the next year. This suggests a possible upside of 22.9% 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, 9 hold ratings and 13 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’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)
  • 2. Northland Securities analysts commented, "We are upgrading CIEN shares to OP from MP and increasing our PT from $34 to $42, based on both a recent deep dive into emerging 600G/800G coherent optical technology, discussed further in an associated industry note, that included a discussion with CIEN management last week in addition to multiple competitors as well as the recent and fairly dramatic underperformance of CIEN shares relative to ACIA and the broader 100G+ optical group, bringing valuation into a more attractive range." (4/15/2019)

Has Ciena been receiving favorable news coverage?

News coverage about CIEN stock has been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Ciena earned a media sentiment score of -1.2 on InfoTrie's scale. They also assigned news articles about the communications equipment provider a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the next few days.

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 Intelsat (I), Bank of America (BAC), Fossil Group (FOSL), Micron Technology (MU), Associated British Foods (ABF), Chaarat Gold (CGH), AMC Entertainment (AMC), First Data (FDC), Transocean (RIG) and Alibaba Group (BABA).

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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.59%), AQR Capital Management LLC (2.46%), Northern Trust Corp (2.00%), Goldman Sachs Group Inc. (1.97%), Dimensional Fund Advisors LP (1.93%) and JPMorgan Chase & Co. (1.87%). 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, 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 FIL Ltd, Neuberger Berman Group LLC, LSV Asset Management, Goldman Sachs Group Inc., Wellington Management Group LLP, Waratah Capital Advisors Ltd., John G Ullman & Associates Inc. and Emerald Mutual Fund Advisers Trust. 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, 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 acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, FMR LLC, Wedge Capital Management L L P NC, JPMorgan Chase & Co., Trinity Street Asset Management LLP, AQR Capital Management LLC, Columbus Circle Investors and Robeco Institutional Asset Management B.V.. 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, Scottrade, Fidelity and Charles Schwab.

What is Ciena's stock price today?

One share of CIEN stock can currently be purchased for approximately $34.86.

How big of a company is Ciena?

Ciena has a market capitalization of $5.44 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.

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:  3.4 out of 5 (star star star)
Outperform Votes:  1,031 (Vote Outperform)
Underperform Votes:  502 (Vote Underperform)
Total Votes:  1,533
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 5/21/2019 by MarketBeat.com Staff

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