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NYSE:CIEN

Ciena Stock Forecast, Price & News

$46.94
+0.80 (+1.73%)
(As of 06/24/2022 12:00 AM ET)
Add
Compare
Today's Range
$45.88
$46.95
50-Day Range
$42.04
$57.72
52-Week Range
$41.63
$78.28
Volume
1.94 million shs
Average Volume
1.67 million shs
Market Capitalization
$7.03 billion
P/E Ratio
17.26
Dividend Yield
N/A
Price Target
$73.71
30 days | 90 days | 365 days | Advanced Chart

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CIEN Stock Forecast (MarketRank)

Overall MarketRank

2.89 out of 5 stars

Computer And Technology Sector

61st out of 923 stocks

Telephone & Telegraph Apparatus Industry

2nd out of 17 stocks

Analyst Opinion: 4.4Community Rank: 5.0Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 2.5 5 -4 -3 -2 -1 -
Ciena logo

About Ciena (NYSE:CIEN)

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.

CIEN Stock News Headlines

Ciena (NYSE:CIEN) Hits New 1-Year Low After Insider Selling
See More Headlines

Industry, Sector and Symbol

Industry
Telephone & telegraph apparatus
Sub-Industry
Communications Equipment
CUSIP
17177930
Employees
7,241
Year Founded
1992

Company Calendar

Last Earnings
6/02/2022
Today
6/24/2022
Next Earnings (Estimated)
9/01/2022
Fiscal Year End
10/31/2022

Price Target and Rating

Average Stock Price Forecast
$73.71
High Stock Price Forecast
$88.00
Low Stock Price Forecast
$51.00
Forecasted Upside/Downside
+57.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.875
Research Coverage
16 Analysts

Profitability

Net Income
$500.20 million
Pretax Margin
9.76%

Debt

Sales & Book Value

Annual Sales
$3.62 billion
Cash Flow
$3.58 per share
Book Value
$18.59 per share

Miscellaneous

Free Float
148,298,000
Market Cap
$7.03 billion
Optionable
Optionable
Beta
0.87

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Ciena Frequently Asked Questions

Should I buy or sell Ciena stock right now?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last year. There are currently 2 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" Ciena stock.
View analyst ratings for Ciena
or view top-rated stocks.

What is Ciena's stock price forecast for 2022?

16 brokerages have issued twelve-month price targets for Ciena's shares. Their CIEN stock forecasts range from $51.00 to $88.00. On average, they expect Ciena's share price to reach $73.71 in the next twelve months. This suggests a possible upside of 57.0% from the stock's current price.
View analysts' price targets for Ciena
or view top-rated stocks among Wall Street analysts.

How has Ciena's stock price performed in 2022?

Ciena's stock was trading at $76.97 at the beginning of 2022. Since then, CIEN stock has decreased by 39.0% and is now trading at $46.94.
View the best growth stocks for 2022 here
.

When is Ciena's next earnings date?

Ciena is scheduled to release its next quarterly earnings announcement on Thursday, September 1st 2022.
View our earnings forecast for Ciena
.

How were Ciena's earnings last quarter?

Ciena Co. (NYSE:CIEN) posted its earnings results on Thursday, June, 2nd. The communications equipment provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by $0.04. The communications equipment provider had revenue of $949.20 million for the quarter, compared to analysts' expectations of $950.86 million. Ciena had a net margin of 11.15% and a trailing twelve-month return on equity of 12.18%. Ciena's revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.52 earnings per share.
View Ciena's earnings history
.

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

Ciena updated its third quarter 2022 earnings guidance on Friday, June, 24th. The company provided EPS guidance of for the period. The company issued revenue guidance of $870.00 million-$930.00 million, compared to the consensus revenue estimate of $1.08 billion.

Who are Ciena's key executives?

Ciena's management team includes the following people:

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.

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), 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 number of institutional and retail investors. Top institutional investors include BlackRock Inc. (10.46%), Vanguard Group Inc. (9.44%), State Street Corp (2.77%), Neuberger Berman Group LLC (2.32%), Congress Asset Management Co. MA (2.24%) and Bank of America Corp DE (1.97%). Company insiders that own Ciena stock include Andrew C Petrik, Andrew C Petrik, Bruce L Claflin, David M Rothenstein, David M Rothenstein, Gary B Smith, Gary B Smith, Gary E Dickerson, James E Moylan Jr, James E Moylan, Jr, Jason Phipps, Jean I Liu, Joseph Gebbia, Judith M Obrien, Judith M Obrien, Patrick H Nettles, Rick Hamilton, Scott Mcfeely, Stephen B Alexander, 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 Shapiro Capital Management LLC, Invesco Ltd., First Trust Advisors LP, BNP PARIBAS ASSET MANAGEMENT Holding S.A., Eventide Asset Management LLC, Trinity Street Asset Management LLP, Fort Pitt Capital Group LLC, and Charles Schwab Investment Management Inc.. Company insiders that have sold Ciena company stock in the last two years include Andrew C Petrik, Bruce L Claflin, David M Rothenstein, Gary B Smith, Gary E Dickerson, James E Moylan Jr, James E Moylan, Jr, Jason Phipps, Joseph Gebbia, Judith M Obrien, 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 acquired by a variety of institutional investors in the last quarter, including Capital World Investors, Acadian Asset Management LLC, Woodline Partners LP, Weiss Multi Strategy Advisers LLC, BlackRock Inc., Giverny Capital Inc., Assenagon Asset Management S.A., and Chiron Investment Management LLC.
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 $46.94.

How much money does Ciena make?

Ciena (NYSE:CIEN) has a market capitalization of $7.03 billion and generates $3.62 billion in revenue each year. The communications equipment provider earns $500.20 million in net income (profit) each year or $2.72 on an earnings per share basis.

How many employees does Ciena have?

Ciena employs 7,241 workers across the globe.

Does Ciena have any subsidiaries?

The following companies are subsidiares of Ciena: Akara, Astracom, Catena Networks, Centina Systems Inc, Ciena Canada ULC, Ciena Communications Inc, Ciena Communications Singapore PTE. LTD, Ciena Global Holding LP, Ciena Global Products Company LTD, Ciena Switzerland GMBH, DonRiver, Internet Photonics, Lightera, ONI Systems, Packet Design, PhyFlex Networks, Wavesmith Networks, World Wide Packets, and cyan.
Read More

When was Ciena founded?

Ciena was founded in 1992.

How can I contact Ciena?

Ciena's mailing address is 7035 RIDGE ROAD, HANOVER MD, 21076. The official website for Ciena is www.ciena.com. The communications equipment provider can be reached via phone at (410) 694-5700, via email at [email protected], or via fax at 410-694-5750.

This page (NYSE:CIEN) was last updated on 6/24/2022 by MarketBeat.com Staff

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