NYSE:CIENCiena Stock Price, Forecast & News

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 stock has increased by 57.1% and is now trading at $60.99.
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21 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 17 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Ciena is scheduled to release its next quarterly earnings announcement on Thursday, September 3rd 2020.
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Ciena Co. (NYSE:CIEN) posted its quarterly earnings results on Thursday, June, 4th. The communications equipment provider reported $0.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.49 by $0.27. The communications equipment provider earned $894 million during the quarter, compared to the consensus estimate of $889.42 million. Ciena had a net margin of 8.78% and a return on equity of 16.18%. The company's revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.48 EPS.
View Ciena's earnings history.

Ciena updated its third quarter 2020 After-Hours earnings guidance on Thursday, June, 4th. The company provided EPS guidance of for the period. The company issued revenue guidance of $955-985 million, compared to the consensus revenue estimate of $969.26 million.

21 Wall Street analysts have issued 1-year target prices for Ciena's stock. Their forecasts range from $31.00 to $73.00. On average, they anticipate Ciena's stock price to reach $57.40 in the next year. This suggests that the stock has a possible downside of 5.9%.
View analysts' price targets for Ciena.

News coverage about CIEN stock has trended very negative on Sunday, according to InfoTrie. The research firm identifies negative and positive press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Ciena earned a daily sentiment score of -3.4 on InfoTrie's scale. They also gave headlines about the communications equipment provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the near future.
View the latest news about Ciena.

Some companies that are related to Ciena include Cisco Systems (CSCO), QUALCOMM (QCOM), Palo Alto Networks (PANW), Motorola Solutions (MSI), F5 Networks (FFIV), Juniper Networks (JNPR), Echostar (SATS), ViaSat (VSAT), InterDigital Wireless (IDCC), Infinera (INFN), Calix (CALX), NetGear (NTGR), Plantronics (PLT), Ribbon Communications (RBBN) and Harmonic (HLIT).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Ciena investors own include Bank of America (BAC), Micron Technology (MU), Intelsat (I), Alibaba Group (BABA), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Intel (INTC), NVIDIA (NVDA), Fossil Group (FOSL) and Skyworks Solutions (SWKS).

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

Ciena's stock is owned by many different institutional and retail investors. Top institutional investors include Congress Asset Management Co. MA (2.23%), First Trust Advisors LP (1.79%), LSV Asset Management (1.40%), Menora Mivtachim Holdings LTD. (1.01%), BNP PARIBAS ASSET MANAGEMENT Holding S.A. (0.56%) and Peregrine Capital Management LLC (0.41%). Company insiders that own Ciena stock include Andrew C Petrik, Bruce L Claflin, David M Rothenstein, 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.

CIEN stock was sold by a variety of institutional investors in the last quarter, including Emerald Advisers LLC, First Trust Advisors LP, BNP PARIBAS ASSET MANAGEMENT Holding S.A., Peregrine Capital Management LLC, Retirement Systems of Alabama, Hancock Whitney Corp, Robeco Institutional Asset Management B.V., and Ziegler Capital Management LLC. 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, Jason Phipps, Judith M Obrien, Patrick H Nettles, Scott Mcfeely, Stephen B Alexander, and Thomas Michael Nevens.
View insider buying and selling activity for Ciena.

CIEN stock was purchased by a variety of institutional investors in the last quarter, including Congress Asset Management Co. MA, Cookson Peirce & Co. Inc., Stanley Laman Group Ltd., Beacon Investment Advisory Services Inc., Dalton Greiner Hartman Maher & Co., Moody Lynn & Lieberson LLC, PNC Financial Services Group Inc., and James Investment Research Inc..
View insider buying and selling activity for 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.

One share of CIEN stock can currently be purchased for approximately $60.99.

Ciena has a market capitalization of $9.36 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.

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

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]