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 (WHO). Since then, CIEN stock has increased by 41.6% and is now trading at $54.97. 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) announced its quarterly earnings results on Thursday, June, 4th. The communications equipment provider reported $0.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.49 by $0.27. The communications equipment provider had revenue of $894 million for the quarter, compared to analyst estimates of $889.42 million. Ciena had a net margin of 8.78% and a return on equity of 16.18%. Ciena's revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the business earned $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 (EPS) 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 brokerages have issued 12-month price objectives for Ciena's stock. Their forecasts range from $31.00 to $73.00. On average, they anticipate Ciena's share price to reach $57.00 in the next year. This suggests a possible upside of 3.7% from the stock's current price. View analysts' price targets for Ciena.

News headlines about CIEN stock have been trending neutral recently, InfoTrie Sentiment reports. The research group rates the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Ciena earned a media sentiment score of 0.4 on InfoTrie's scale. They also assigned media coverage 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 company's share price in the next several days. View the latest news about Ciena.

Ciena saw a decrease in short interest in June. As of June 30th, there was short interest totaling 3,450,000 shares, a decrease 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 short-interest ratio is presently 1.7 days. Currently, 2.3% of the company's stock 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 many different retail and institutional investors. Top institutional shareholders 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 acquired 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 $54.97.

Ciena has a market capitalization of $8.44 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]