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NYSE:CIENCiena Stock Price, Forecast & News

$56.71
+1.04 (+1.87 %)
(As of 06/3/2020 02:15 PM ET)
Add
Compare
Today's Range
$55.80
Now: $56.71
$57.16
50-Day Range
$43.90
MA: $48.63
$56.00
52-Week Range
$30.58
Now: $56.71
$56.88
Volume96,957 shs
Average Volume1.87 million shs
Market Capitalization$8.70 billion
P/E Ratio31.68
Dividend YieldN/A
Beta0.9
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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Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 3.3Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.59 out of 5 stars


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$3.57 billion
Cash Flow$2.70 per share
Book Value$14.05 per share

Profitability

Net Income$253.43 million

Miscellaneous

Employees6,383
Market Cap$8.70 billion
Next Earnings Date6/4/2020 (Confirmed)
OptionableOptionable

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Ciena (NYSE:CIEN) Frequently Asked Questions

How has Ciena's stock been impacted by COVID-19 (Coronavirus)?

Ciena's stock was trading at $38.83 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CIEN stock has increased by 46.0% and is now trading at $56.71. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Ciena?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last year. There are currently 1 sell rating, 3 hold ratings and 16 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Ciena.

When is Ciena's next earnings date?

Ciena is scheduled to release its next quarterly earnings announcement on Thursday, June 4th 2020. View our earnings forecast for Ciena.

How can I listen to Ciena's earnings call?

Ciena will be holding an earnings conference call on Thursday, June 4th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Ciena's earnings last quarter?

Ciena Co. (NYSE:CIEN) announced its quarterly earnings results on Thursday, March, 5th. The communications equipment provider reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.38 by $0.14. The communications equipment provider had revenue of $832.91 million for the quarter, compared to analysts' expectations of $818.48 million. Ciena had a return on equity of 14.68% and a net margin of 7.78%. The firm's quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the firm earned $0.33 EPS. View Ciena's earnings history.

What guidance has Ciena issued on next quarter's earnings?

Ciena issued an update on its second quarter 2020 IntraDay earnings guidance on Thursday, March, 5th. The company provided EPS guidance of for the period. The company issued revenue guidance of $875-905 million, compared to the consensus revenue estimate of $917.14 million.

What price target have analysts set for CIEN?

20 Wall Street analysts have issued 1 year price targets for Ciena's shares. Their forecasts range from $31.00 to $69.00. On average, they anticipate Ciena's share price to reach $51.95 in the next twelve months. This suggests that the stock has a possible downside of 8.4%. View analysts' price targets 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 2020 results wherein both the top and bottom line surpassed the Zacks Consensus Estimate. The company’s revenues are generated primarily by rising demand for packet-optical transport and switching products, integrated network and service management software in the global market. With best-in-class core optical networking expertise, it has an augmented customer base in high-growth markets. The company has ample growth opportunities in the Asia Pacific, especially India. However, intense competition remains an obstacle as small vendors resort to aggressive pricing to gain market share. The company faces concentration risk as a major portion of its revenues comes from a handful of large global communications service providers. Escalating operating expenses and high debt-levels dent its profitability." (3/31/2020)
  • 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?

News headlines about CIEN stock have trended somewhat positive on Wednesday, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive press coverage by monitoring 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 news impact score of 1.7 on InfoTrie's scale. They also gave media stories about the communications equipment provider a news buzz of 6.0 out of 10, indicating that recent press coverage is somewhat likely to have an effect on the company's share price in the near future. View the latest news aboutCiena.

Are investors shorting Ciena?

Ciena saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 3,580,000 shares, a decrease of 11.2% from the April 30th total of 4,030,000 shares. Based on an average daily volume of 2,200,000 shares, the days-to-cover ratio is currently 1.6 days. Approximately 2.4% of the shares of the company are short sold. View Ciena's Current Options Chain.

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 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).

Who are Ciena's key executives?

Ciena's management team includes the following 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)

What is Ciena's stock symbol?

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

Who are Ciena's major shareholders?

Ciena's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.58%), Alliancebernstein L.P. (2.77%), State Street Corp (2.46%), First Trust Advisors LP (2.16%), Wellington Management Group LLP (2.16%) and Thrivent Financial for Lutherans (1.94%). 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.

Which major investors are selling Ciena stock?

CIEN stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., AQR Capital Management LLC, Wellington Management Group LLP, First Trust Advisors LP, Squarepoint Ops LLC, BNP Paribas Arbitrage SA, Edgestream Partners L.P., and Geode Capital Management LLC. 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 Frodsham, Jason Phipps, Jean I Liu, Judith M Obrien, Rick Hamilton, Scott Mcfeely, Stephen B Alexander, and Thomas Michael Nevens. View insider buying and selling activity for Ciena.

Which major investors are buying Ciena stock?

CIEN stock was acquired by a variety of institutional investors in the last quarter, including Congress Asset Management Co. MA, Deutsche Bank AG, Alliancebernstein L.P., Nuveen Asset Management LLC, Kornitzer Capital Management Inc. KS, Menora Mivtachim Holdings LTD., Janus Henderson Group PLC, and Acadian Asset Management LLC. View insider buying and selling activity 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 $56.71.

How big of a company is Ciena?

Ciena has a market capitalization of $8.70 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.

What is Ciena's official website?

The official website for Ciena is 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]

This page was last updated on 6/3/2020 by MarketBeat.com Staff

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