Ciena - CIEN Stock Forecast, Price & News

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last twelve months. There are currently 3 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CIEN shares.
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18 brokerages have issued 1-year price objectives for Ciena's stock. Their CIEN share price forecasts range from $45.00 to $88.00. On average, they expect the company's stock price to reach $65.32 in the next year. This suggests a possible upside of 64.7% from the stock's current price.
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Ciena's stock was trading at $76.97 at the beginning of 2022. Since then, CIEN stock has decreased by 48.5% and is now trading at $39.66.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, December 8th 2022.
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Ciena Co. (NYSE:CIEN) announced its quarterly earnings data on Thursday, September, 1st. The communications equipment provider reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.21 by $0.03. The communications equipment provider earned $867.30 million during the quarter, compared to analysts' expectations of $903.95 million. Ciena had a net margin of 5.37% and a trailing twelve-month return on equity of 8.91%. The business's quarterly revenue was down 12.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.81 EPS.

Ciena updated its fourth quarter 2022 earnings guidance on Thursday, September, 22nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $800.00 million-$880.00 million, compared to the consensus revenue estimate of $1.07 billion.

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

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).

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

Ciena's stock is owned by a variety of retail and institutional investors. Top institutional investors include FMR LLC (5.75%), State Street Corp (2.76%), Congress Asset Management Co. MA (2.12%), Ion Asset Management Ltd. (1.97%), Thrivent Financial for Lutherans (1.68%) and BNP PARIBAS ASSET MANAGEMENT Holding S.A. (1.54%). Insiders that own company 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, Joseph Gebbia, Judith M Obrien, Patrick H Nettles, Rick Hamilton, Scott Mcfeely, Stephen B Alexander, Stephen B Alexander and Thomas Michael Nevens.
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Shares of CIEN stock 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.
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One share of CIEN stock can currently be purchased for approximately $39.66.

Ciena (NYSE:CIEN) has a market capitalization of $5.88 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 $1.27 on an earnings per share basis.

The company employs 7,241 workers across the globe.

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