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 45.7% and is now trading at $56.57. 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) released its quarterly earnings data on Thursday, June, 4th. The communications equipment provider reported $0.76 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.49 by $0.27. The communications equipment provider earned $894 million during the quarter, compared to analysts' expectations of $889.42 million. Ciena had a return on equity of 16.18% and a net margin of 8.78%. Ciena's quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the business posted $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 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 brokers have issued 1-year price objectives for Ciena's shares. Their forecasts range from $31.00 to $73.00. On average, they expect Ciena's share price to reach $57.00 in the next year. This suggests a possible upside of 0.8% from the stock's current price. View analysts' price targets for Ciena.

News articles about CIEN stock have been trending negative recently, according to InfoTrie. The research firm identifies negative and positive media coverage by reviewing more than six thousand news and blog sources. 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 -2.1 on InfoTrie's scale. They also gave headlines about the communications equipment provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news about Ciena.

Ciena saw a decline in short interest in June. As of June 30th, there was short interest totaling 3,450,000 shares, a decline of 27.2% from the June 15th total of 4,740,000 shares. Based on an average trading volume of 2,070,000 shares, the short-interest ratio is presently 1.7 days. Currently, 2.3% of the shares of the stock are short sold. 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 investors include Ellevest Inc. (0.00%) and West Oak 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 Ellevest Inc., and West Oak Capital LLC. 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 $56.57.

Ciena has a market capitalization of $8.68 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]