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

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$37.06 -1.47 (-3.82 %)
(As of 03/22/2019 04:00 PM ET)
Previous Close$38.53
Today's Range$37.02 - $38.4590
52-Week Range$22.99 - $45.70
Volume2.06 million shs
Average Volume2.70 million shs
Market Capitalization$5.78 billion
P/E Ratio33.09
Dividend YieldN/A
Beta1.06
Ciena Corp. engages in the provision of network and communication infrastructure. It operates through the following segments: Converged Packet Optical; Packet Networking; Optical Transport; and Software and Services. The Converged Packet Optical segment develops and sells optical processors, switching systems, and operating system software. The Packet Networking segment includes service delivery switches, services aggregation switches, and ethernet packet configurations. The Optical Transport segment manufactures and trades optical transport systems, common photonic layer, data networking products, data center interconnection, and virtual networks. The Software and Services segment provides wide are network controller, network functions virtualization platform, and software applications. The company was founded by Patrick H. Nettles in November 1992 and is headquartered in Hanover, MD.

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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$1.9282 per share
Book Value$13.17 per share

Profitability

Net Income$-344,690,000.00

Miscellaneous

Employees6,013
Market Cap$5.78 billion
Next Earnings Date5/30/2019 (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 will Ciena's stock buyback program work?

Ciena declared that its board has authorized a stock repurchase program 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 reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

How were Ciena's earnings last quarter?

Ciena Co. (NYSE:CIEN) issued its earnings results on Tuesday, March, 5th. The communications equipment provider reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.03. The communications equipment provider had revenue of $778.53 million for the quarter, compared to the consensus estimate of $761.62 million. Ciena had a net margin of 5.03% and a return on equity of 10.73%. Ciena's revenue was up 20.5% compared to the same quarter last year. 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, May 30th 2019. View Earnings Estimates for Ciena.

What price target have analysts set for CIEN?

23 Wall Street analysts have issued twelve-month target prices for Ciena's stock. Their forecasts range from $32.00 to $53.00. On average, they anticipate Ciena's stock price to reach $42.3333 in the next twelve months. This suggests a possible upside of 14.2% 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 10 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 reported healthy first-quarter fiscal 2019 results wherein both the top line and bottom line improved year over year. Revenues are expected to swell due to the rising demand for packet-optical transport and switching products. It is progressively investing in the data and optical fiber market to serve increasing bandwidth demand. Ciena has also been diversifying its footprint in data-center connectivity. Growing usage of service management software in the global communication market remains a key catalyst. The company’s stackable data center interconnect platform, WaveServer, is trending well and is expected to be a key growth driver going ahead. The Packet Design buyout should help to accelerate Ciena's Blue Planet software strategy by extending its intelligent automation capabilities. The stock has outperformed the industry in the past year on average. However, high concentration risk remains a major impediment for Ciena." (3/8/2019)
  • 2. Northland Securities analysts commented, "We maintain our MP rating with our PT bumped to $34 on a slight increase in FY19 growth guide to the high end of the 6-8% range. Key Points We continue to focus on CIEN’s suppliers (LITE NPTN IIVI) and competitors (ACIA ADVA INFN) for upside in the 100G+ optical group, and view today’s broad based weakness in the group, likely catalyzed by CIEN results that were good but not great. We put CIEN suppliers LITE (CIEN 15% of revs, with yesterday’s OCLR datacom exit a catalyst) and NPTN (CIEN 24% of revs, with weakness based on a rumored venture stock distribution Tuesday) near the top of that list with ACIA which along with switch router and traditional telecom customers is emerging as CIEN’s biggest competitor." (3/6/2019)

Has Ciena been receiving favorable news coverage?

Press coverage about CIEN stock has been trending neutral recently, according to InfoTrie. The research group scores the sentiment of media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Ciena earned a media sentiment score of 0.5 on InfoTrie's scale. They also gave news articles about the communications equipment provider a news buzz of 2.0 out of 10, indicating that recent media coverage is very unlikely to have an impact on the company's share price in the immediate future.

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 CA (CA), Micron Technology (MU), Alibaba Group (BABA), NVIDIA (NVDA), Cisco Systems (CSCO), Intel (INTC), BlackRock (BLK), Endologix (ELGX), Bank of America (BAC) and Applied Materials (AMAT).

Who are Ciena's key executives?

Ciena's management team includes the folowing people:
  • Gary B. Smith, President, Chief Executive Officer & Director
  • James E. Moylan, Chief Financial Officer & SVP-Finance
  • Stephen B. Alexander, Chief Technology Officer & Senior Vice President
  • David Marc Rothenstein, Secretary, Senior Vice President & General Counsel
  • James A. Frodsham, Chief Strategy Officer & Senior Vice President

Who are Ciena's major shareholders?

Ciena's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.44%), Bank of New York Mellon Corp (4.60%), Dimensional Fund Advisors LP (2.04%), Northern Trust Corp (1.97%), Thrivent Financial for Lutherans (1.87%) and LSV Asset Management (1.80%). 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 and Stephen B Alexander. 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 D. E. Shaw & Co. Inc., Shapiro Capital Management LLC, Bank of New York Mellon Corp, Millennium Management LLC, Mackay Shields LLC, Victory Capital Management Inc., Dimensional Fund Advisors LP and Managed Asset Portfolios 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, Patrick Gallagher, Patrick H Nettles, Rick Hamilton, Scott Mcfeely and Stephen B Alexander. View Insider Buying and Selling for Ciena.

Which major investors are buying Ciena stock?

CIEN stock was purchased by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, Norges Bank, BlackRock Inc., Sadoff Investment Management LLC, Canada Pension Plan Investment Board, Mackenzie Financial Corp, Cookson Peirce & Co. Inc. and Northern Trust Corp. 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 $37.06.

How big of a company is Ciena?

Ciena has a market capitalization of $5.78 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:  1,020 (Vote Outperform)
Underperform Votes:  493 (Vote Underperform)
Total Votes:  1,513
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 3/22/2019 by MarketBeat.com Staff

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