NYSE:CIEN

Ciena Stock Forecast, Price & News

$56.87
+0.39 (+0.69 %)
(As of 04/16/2021 04:00 PM ET)
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Today's Range
$56.41
Now: $56.87
$57.23
50-Day Range
$48.87
MA: $54.18
$57.24
52-Week Range
$38.03
Now: $56.87
$61.51
Volume1.10 million shs
Average Volume1.37 million shs
Market Capitalization$8.82 billion
P/E Ratio24.51
Dividend YieldN/A
Beta0.85
Ciena Corporation provides network hardware, software, and services that support the transport, routing, 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 products and solutions that 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, and the 6500 Reconfigurable line system, and the 5400 family of Packet-Optical platforms, 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 Blue Planet Automation Software and Services segment provides multi-domain service orchestration, inventory, route optimization and analysis, network function virtualization orchestration, analytics, and related services. Its Platform Software and Service segment offers OneControl unified management system and platform software services, as well as manage, control, and plan software. The company's 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.
Ciena logo

Industry, Sector and Symbol

Industry Telephone & telegraph apparatus
Sub-IndustryCommunications Equipment
CUSIP17177930
Phone410-694-5700
Employees7,042
Year Founded1992

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.53 billion
Cash Flow$3.77 per share
Book Value$16.26 per share

Profitability

Net Income$361.29 million

Miscellaneous

Market Cap$8.82 billion
Next Earnings Date6/3/2021 (Estimated)
OptionableOptionable

Headlines

Ciena Co. (NYSE:CIEN) CEO Sells $175,531.25 in Stock
April 14, 2021 |  americanbankingnews.com
Form 8-K CIENA CORP For: Apr 01 - StreetInsider.com
April 6, 2021 |  streetinsider.com
Ciena Co. (NYSE:CIEN) CEO Gary B. Smith Sells 3,125 Shares
March 25, 2021 |  americanbankingnews.com
See More Headlines

MarketRank

Overall MarketRank

1.77 out of 5 stars

Computer And Technology Sector

160th out of 1,551 stocks

Telephone & Telegraph Apparatus Industry

3rd out of 36 stocks

Analyst Opinion: 1.4Community Rank: 3.3Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
$56.87
+0.39 (+0.69 %)
(As of 04/16/2021 04:00 PM ET)
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Ciena (NYSE:CIEN) Frequently Asked Questions

Is Ciena a buy right now?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last twelve months. There are currently 5 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Ciena stock.
View analyst ratings for Ciena
or view top-rated stocks.

What stocks does MarketBeat like better than Ciena?

Wall Street analysts have given Ciena a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Ciena wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Ciena?

Ciena saw a increase in short interest in March. As of March 15th, there was short interest totaling 4,050,000 shares, an increase of 31.9% from the February 28th total of 3,070,000 shares. Based on an average daily volume of 1,510,000 shares, the days-to-cover ratio is currently 2.7 days. Currently, 2.7% of the shares of the stock are short sold.
View Ciena's Short Interest
.

When is Ciena's next earnings date?

Ciena is scheduled to release its next quarterly earnings announcement on Thursday, June 3rd 2021.
View our earnings forecast for Ciena
.

How were Ciena's earnings last quarter?

Ciena Co. (NYSE:CIEN) announced its quarterly earnings results on Wednesday, March, 3rd. The communications equipment provider reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.07. The communications equipment provider earned $757.10 million during the quarter, compared to analyst estimates of $750.24 million. Ciena had a net margin of 10.23% and a trailing twelve-month return on equity of 17.41%. The business's revenue was down 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.52 EPS.
View Ciena's earnings history
.

How has Ciena's stock been impacted by Coronavirus?

Ciena's stock was trading at $38.83 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CIEN shares have increased by 46.5% and is now trading at $56.87.
View which stocks have been most impacted by COVID-19
.

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

Ciena issued an update on its second quarter 2021 After-Hours earnings guidance on Thursday, March, 4th. The company provided EPS guidance of for the period. The company issued revenue guidance of $810-840 million, compared to the consensus revenue estimate of $828.23 million.

What price target have analysts set for CIEN?

20 brokerages have issued 12-month price objectives for Ciena's shares. Their forecasts range from $50.00 to $73.00. On average, they expect Ciena's stock price to reach $59.03 in the next twelve months. This suggests a possible upside of 3.8% from the stock's current price.
View analysts' price targets for Ciena
or view top-rated stocks among Wall Street analysts.

Who are Ciena's key executives?

Ciena's management team includes the following people:
  • Dr. Patrick H. Nettles, Exec. Chairman (Age 78, Pay $162.38k)
  • Mr. Gary B. Smith, CEO, Pres & Director (Age 61, Pay $2.12M) (LinkedIn Profile)
  • Mr. James E. Moylan Jr., Sr. VP of Fin. & CFO (Age 70, Pay $1.06M) (LinkedIn Profile)
  • Mr. David M. Rothenstein, Sr. VP, Gen. Counsel & Sec. (Age 53, Pay $890.18k) (LinkedIn Profile)
  • Mr. Jason M. Phipps, Sr. VP of Global Customer Engagement (Age 49, Pay $954.34k) (LinkedIn Profile)
  • Mr. Scott Alexander McFeely, Sr. VP of Global Products & Services (Age 57, Pay $912.55k) (LinkedIn Profile)
  • Mr. Stephen B. Alexander, Sr. VP, CTO & Member of Technology Advisory Council (Age 62) (LinkedIn Profile)
  • Mr. Gregg M. Lampf, VP of Investor Relations
  • Mr. Joseph R. Cumello, Sr. VP of Global Marketing & Communications (Age 49)
  • Ms. Jane Hobbs, Chief HR Officer & Sr. VP (LinkedIn Profile)

What is Gary B. Smith's approval rating as Ciena's CEO?

581 employees have rated Ciena CEO Gary B. Smith on Glassdoor.com. Gary B. Smith has an approval rating of 95% among Ciena's employees. This puts Gary B. Smith in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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 NVIDIA (NVDA), Bank of America (BAC), Advanced Micro Devices (AMD), Micron Technology (MU), Intel (INTC), Alibaba Group (BABA), Cisco Systems (CSCO), QUALCOMM (QCOM), The Walt Disney (DIS) and Skyworks Solutions (SWKS).

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 retail and institutional investors. Top institutional investors include Fort Pitt Capital Group LLC (0.76%), Retirement Systems of Alabama (0.29%), Hohimer Wealth Management LLC (0.04%), Harbour Capital Advisors LLC (0.03%), Louisiana State Employees Retirement System (0.03%) and Rothschild Investment Corp IL (0.02%). Company insiders that own Ciena stock include Andrew C Petrik, Bruce L Claflin, David M Rothenstein, Gary B Smith, 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 institutional investors are selling Ciena stock?

CIEN stock was sold by a variety of institutional investors in the last quarter, including Dalton Greiner Hartman Maher & Co., Pacer Advisors Inc., Optimum Investment Advisors, State of Alaska Department of Revenue, Canandaigua National Corp, and First Citizens Bank & Trust Co.. 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 E Moylan, Jr, Jason Phipps, Patrick H Nettles, Rick Hamilton, Scott Mcfeely, and Stephen B Alexander.
View insider buying and selling activity for Ciena
or view top insider-selling stocks.

Which institutional investors are buying Ciena stock?

CIEN stock was purchased by a variety of institutional investors in the last quarter, including Retirement Systems of Alabama, Fort Pitt Capital Group LLC, Hohimer Wealth Management LLC, Strategic Investment Advisors MI, YorkBridge Wealth Partners LLC, Louisiana State Employees Retirement System, Rothschild Investment Corp IL, and FDx Advisors Inc..
View insider buying and selling activity for Ciena
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Ciena's stock price today?

One share of CIEN stock can currently be purchased for approximately $56.87.

How much money does Ciena make?

Ciena has a market capitalization of $8.82 billion and generates $3.53 billion in revenue each year. The communications equipment provider earns $361.29 million in net income (profit) each year or $2.65 on an earnings per share basis.

How many employees does Ciena have?

Ciena employs 7,042 workers across the globe.

Does Ciena have any subsidiaries?

The following companies are subsidiares of Ciena: Akara, Astracom, Catena Networks, Centina Systems, Ciena Canada, Ciena Communications, Cyan, DonRiver, Internet Photonics, Lightera, ONI Systems, Packet Design, PhyFlex Networks, Wavesmith Networks, and World Wide Packets.

When was Ciena founded?

Ciena was founded in 1992.

What is Ciena's official website?

The official website for Ciena is www.ciena.com.

Where are Ciena's headquarters?

Ciena is headquartered at 7035 RIDGE ROAD, HANOVER MD, 21076.

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 4/16/2021 by MarketBeat.com Staff
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