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NYSE:CIEN

Ciena - CIEN Stock Forecast, Price & News

$42.57
-0.24 (-0.56%)
(As of 10/5/2022 01:21 PM ET)
Add
Compare
Today's Range
$41.82
$42.57
50-Day Range
$39.71
$56.37
52-Week Range
$39.44
$78.28
Volume
36,875 shs
Average Volume
2.03 million shs
Market Capitalization
$6.31 billion
P/E Ratio
33.52
Dividend Yield
N/A
Price Target
$65.32

Ciena MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
54.6% Upside
$65.32 Price Target
Short Interest
Healthy
3.41% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.77
Upright™ Environmental Score
News Sentiment
0.69mentions of Ciena in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$1.40 M Sold Last Quarter
Proj. Earnings Growth
142.17%
From $0.83 to $2.01 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.15 out of 5 stars

Computer And Technology Sector

45th out of 648 stocks

Telephone & Telegraph Apparatus Industry

1st out of 10 stocks

CIEN stock logo

About Ciena (NYSE:CIEN) Stock

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.

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CIEN Stock News Headlines

78% of Business Professionals Are Ready for the Metaverse
Brazilian Business Pros Are Ready for the Metaverse
2 Beaten-Down Value Stocks That Could Crush the Market
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CIEN Company Calendar

Last Earnings
9/01/2022
Today
10/05/2022
Fiscal Year End
10/31/2022
Next Earnings (Estimated)
12/08/2022

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$65.32
High Stock Price Forecast
$88.00
Low Stock Price Forecast
$45.00
Forecasted Upside/Downside
+53.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
18 Analysts

Profitability

Net Income
$500.20 million
Pretax Margin
6.66%

Debt

Sales & Book Value

Annual Sales
$3.62 billion
Cash Flow
$3.48 per share
Book Value
$19.50 per share

Miscellaneous

Free Float
146,749,000
Market Cap
$6.31 billion
Optionable
Optionable
Beta
0.99

Social Links


Key Executives

  • Dr. Patrick H. NettlesDr. Patrick H. Nettles (Age 79)
    Exec. Chairman
    Comp: $155.83k
  • Mr. Gary B. SmithMr. Gary B. Smith (Age 62)
    CEO, Pres & Director
    Comp: $2.86M
  • Mr. James E. Moylan Jr.Mr. James E. Moylan Jr. (Age 71)
    Sr. VP of Fin. & CFO
    Comp: $1.36M
  • Mr. David M. RothensteinMr. David M. Rothenstein (Age 54)
    Sr. VP, Gen. Counsel & Sec.
    Comp: $1.14M
  • Mr. Jason M. PhippsMr. Jason M. Phipps (Age 50)
    Sr. VP of Global Customer Engagement
    Comp: $1.26M
  • Mr. Scott Alexander McFeely (Age 58)
    Sr. VP of Global Products & Services
    Comp: $1.18M
  • Mr. Stephen B. AlexanderMr. Stephen B. Alexander (Age 63)
    Sr. VP, CTO & Member of Technology Advisory Council
  • Mr. Gregg M. Lampf
    VP of Investor Relations
  • Mr. Joseph R. Cumello (Age 50)
    Sr. VP of Global Marketing & Communications
  • Ms. Jane Hobbs
    Chief HR Officer & Sr. VP













CIEN Stock - Frequently Asked Questions

Should I buy or sell Ciena stock right now?

18 Wall Street 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 analysts is that investors should "buy" CIEN shares.
View CIEN analyst ratings
or view top-rated stocks.

What is Ciena's stock price forecast for 2022?

18 Wall Street research analysts have issued 12-month target prices for Ciena's stock. Their CIEN share price forecasts range from $45.00 to $88.00. On average, they expect the company's share price to reach $65.32 in the next year. This suggests a possible upside of 52.6% from the stock's current price.
View analysts price targets for CIEN
or view top-rated stocks among Wall Street analysts.

How have CIEN shares performed in 2022?

Ciena's stock was trading at $76.97 at the start of the year. Since then, CIEN shares have decreased by 44.4% and is now trading at $42.81.
View the best growth stocks for 2022 here
.

Are investors shorting Ciena?

Ciena saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 4,980,000 shares, an increase of 31.4% from the August 31st total of 3,790,000 shares. Based on an average daily trading volume, of 1,530,000 shares, the days-to-cover ratio is currently 3.3 days. Approximately 3.4% of the company's shares are sold short.
View Ciena's Short Interest
.

When is Ciena's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, December 8th 2022.
View our CIEN earnings forecast
.

How were Ciena's earnings last quarter?

Ciena Co. (NYSE:CIEN) issued its quarterly earnings results on Thursday, September, 1st. The communications equipment provider reported $0.18 earnings per share 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 analyst estimates of $903.95 million. Ciena had a trailing twelve-month return on equity of 8.91% and a net margin of 5.37%. The firm's quarterly revenue was down 12.2% compared to the same quarter last year. During the same period last year, the business earned $0.81 earnings per share.

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

Ciena issued an update on its fourth quarter 2022 earnings guidance on Thursday, September, 29th. The company provided earnings per share 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.

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

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.

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."

How do I buy shares of Ciena?

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.
Compare Top Brokerages Here.

What is Ciena's stock price today?

One share of CIEN stock can currently be purchased for approximately $42.81.

How much money does Ciena make?

Ciena (NYSE:CIEN) has a market capitalization of $6.34 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.

How many employees does Ciena have?

The company 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
How can I contact Ciena?

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.

This page (NYSE:CIEN) was last updated on 10/5/2022 by MarketBeat.com Staff

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