NYSE:CIEN

Ciena Stock Forecast, Price & News

$39.69

-0.30 (-0.75 %)

(As of 09/30/2020 12:00 AM ET)

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Today's Range

$39.37

Now: $39.69▼

$40.42

50-Day Range

$38.82

MA: $49.39▼

$60.55

52-Week Range

$30.58

Now: $39.69▼

$61.51

Volume1.41 million shs

Average Volume2.17 million shs

Market Capitalization$6.12 billion

P/E Ratio16.47

Dividend YieldN/A

Beta0.78

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.

Beat the Market (BTM) Rank^™

4.4 Analyst's Opinion

Consensus Rating
Ciena has received a consensus rating of Buy. The company's average rating score is 2.77, and is based on 18 buy ratings, 3 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $54.25, Ciena has a forecasted upside of 36.7% from its current price of $39.69.
Amount of Analyst Coverage
Ciena has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.3 Community Rank

Outperform Votes
Ciena has received 1,156 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Ciena has received 590 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Ciena has received 66.21% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Ciena and other stocks. Vote “Outperform” if you believe CIEN will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CIEN will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Ciena does not currently pay a dividend.
Dividend Growth
Ciena does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Ciena insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $9,597,332.00 in company stock.
Percentage Held by Insiders
Only 0.95% of the stock of Ciena is held by insiders.
Percentage Held by Institutions
88.38% of the stock of Ciena is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Ciena are expected to decrease by -4.17% in the coming year, from $2.64 to $2.53 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ciena is 16.47, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.66.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ciena is 16.47, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 62.72.
Price to Earnings Growth Ratio
Ciena has a PEG Ratio of 0.93. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Ciena has a P/B Ratio of 2.82. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.24 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Telephone & telegraph apparatus

Sub-IndustryCommunications Equipment

SectorComputer and Technology

Current SymbolNYSE:CIEN

Previous Symbol

CUSIP17177930

CIK936395

Webwww.ciena.com

Phone410-694-5700

Debt

Debt-to-Equity Ratio0.28

Current Ratio3.56

Quick Ratio3.06

Price-To-Earnings

Trailing P/E Ratio16.47

Forward P/E Ratio15.03

P/E Growth0.93

Sales & Book Value

Annual Sales$3.57 billion

Price / Sales1.71

Cash Flow$2.69 per share

Price / Cash Flow14.76

Book Value$14.05 per share

Price / Book2.82

Profitability

EPS (Most Recent Fiscal Year)$1.84

Net Income$253.43 million

Net Margins10.26%

Return on Equity17.93%

Return on Assets10.36%

Miscellaneous

Employees6,383

Outstanding Shares154,320,000

Market Cap$6.12 billion

Next Earnings Date12/10/2020 (Estimated)

OptionableOptionable

$39.69

-0.30 (-0.75 %)

(As of 09/30/2020 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Ciena (NYSE:CIEN) Frequently Asked Questions

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. Since then, CIEN stock has increased by 2.2% and is now trading at $39.69.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Ciena?

22 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 18 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, December 10th 2020.
View our earnings forecast for Ciena.

How were Ciena's earnings last quarter?

Ciena Co. (NYSE:CIEN) released its quarterly earnings results on Thursday, September, 3rd. The communications equipment provider reported $1.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.23. The communications equipment provider earned $976.70 million during the quarter, compared to analyst estimates of $974.49 million. Ciena had a net margin of 10.26% and a return on equity of 17.93%. The firm's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.71 EPS.
View Ciena's earnings history.

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

Ciena updated its fourth quarter 2020 Pre-Market earnings guidance on Thursday, September, 3rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $800-840 million, compared to the consensus revenue estimate of $994.43 million.

What price target have analysts set for CIEN?

22 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 $54.25 in the next year. This suggests a possible upside of 36.7% from the stock's current price.
View analysts' price targets for Ciena.

Are investors shorting Ciena?

Ciena saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 3,690,000 shares, an increase of 25.9% from the August 31st total of 2,930,000 shares. Based on an average daily volume of 2,370,000 shares, the days-to-cover ratio is currently 1.6 days. Approximately 2.4% of the company's shares are short sold.
View Ciena's Short Interest.

Who are some of Ciena's key competitors?

Some companies that are related to Ciena include Cisco Systems (CSCO), QUALCOMM (QCOM), Motorola Solutions (MSI), Palo Alto Networks (PANW), F5 Networks (FFIV), Juniper Networks (JNPR), Echostar (SATS), ViaSat (VSAT), InterDigital Wireless (IDCC), Infinera (INFN), Calix (CALX), NetGear (NTGR), Ribbon Communications (RBBN), Harmonic (HLIT) and Extreme Networks (EXTR).
View all 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), Micron Technology (MU), Advanced Micro Devices (AMD), Bank of America (BAC), Intel (INTC), Alibaba Group (BABA), Cisco Systems (CSCO), QUALCOMM (QCOM), Skyworks Solutions (SWKS) and Walt Disney (DIS).

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."

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 $39.69.

How big of a company is Ciena?

Ciena has a market capitalization of $6.12 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 9/30/2020 by MarketBeat.com Staff

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