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NYSE:CIEN

Ciena - CIEN Stock Forecast, Price & News

$54.70
+1.81 (+3.42%)
(As of 08/12/2022 12:00 AM ET)
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Compare
Today's Range
$54.08
$54.85
50-Day Range
$42.04
$54.70
52-Week Range
$41.63
$78.28
Volume
1.29 million shs
Average Volume
994,945 shs
Market Capitalization
$8.19 billion
P/E Ratio
20.11
Dividend Yield
N/A
Price Target
$71.78

Ciena MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.88 Rating Score
Upside/​Downside
32.1% Upside
$72.28 Price Target
Short Interest
Healthy
2.50% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.77
Upright™ Environmental Score
News Sentiment
0.42mentions of Ciena in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$1.46 M Sold Last Quarter
Proj. Earnings Growth
71.24%
From $1.53 to $2.62 Per Share

Overall MarketRank

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

3.19 out of 5 stars

Computer And Technology Sector

23rd out of 659 stocks

Telephone & Telegraph Apparatus Industry

1st out of 13 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.

Analyst Ratings Changes

A number of research firms have issued reports on CIEN. B. Riley raised Ciena from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $65.00 to $67.00 in a research note on Friday, June 3rd. JPMorgan Chase & Co. decreased their price target on shares of Ciena from $72.00 to $62.00 and set an "overweight" rating on the stock in a research note on Thursday, July 14th. Cowen reduced their target price on shares of Ciena from $96.00 to $82.00 and set an "outperform" rating on the stock in a report on Monday, June 6th. UBS Group reduced their price objective on Ciena from $66.00 to $51.00 and set a "neutral" rating on the stock in a research note on Friday, June 3rd. Finally, Argus lowered their price objective on Ciena from $82.00 to $68.00 and set a "buy" rating for the company in a research note on Friday, June 3rd. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $72.28.

Ciena Price Performance

Shares of CIEN Stock opened at $54.70 on Friday. The stock has a market capitalization of $8.19 billion, a price-to-earnings ratio of 20.11, a P/E/G ratio of 2.30 and a beta of 0.92. The company has a current ratio of 3.72, a quick ratio of 3.10 and a debt-to-equity ratio of 0.38. Ciena has a twelve month low of $41.63 and a twelve month high of $78.28. The stock has a fifty day simple moving average of $47.91 and a two-hundred day simple moving average of $55.16.

Ciena (NYSE:CIEN - Get Rating) last issued its earnings results on Thursday, June 2nd. The communications equipment provider reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.06). Ciena had a return on equity of 12.18% and a net margin of 11.15%. The business had revenue of $949.20 million for the quarter, compared to the consensus estimate of $950.86 million. During the same quarter in the previous year, the company earned $0.52 earnings per share. The firm's revenue was up 13.8% on a year-over-year basis. On average, analysts predict that Ciena will post 1.53 EPS for the current fiscal year.

Insider Buying and Selling

In other Ciena news, CEO Gary B. Smith sold 3,542 shares of the stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $48.68, for a total transaction of $172,424.56. Following the sale, the chief executive officer now owns 440,382 shares of the company's stock, valued at approximately $21,437,795.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP Andrew C. Petrik sold 1,000 shares of Ciena stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $47.17, for a total value of $47,170.00. Following the transaction, the vice president now owns 31,190 shares of the company's stock, valued at approximately $1,471,232.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gary B. Smith sold 3,542 shares of the stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $48.68, for a total transaction of $172,424.56. Following the sale, the chief executive officer now directly owns 440,382 shares of the company's stock, valued at approximately $21,437,795.76. The disclosure for this sale can be found here. Insiders sold 30,852 shares of company stock valued at $1,459,902 over the last 90 days. Corporate insiders own 0.94% of the company's stock.

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CIEN Stock News Headlines

Ciena (NYSE:CIEN) Research Coverage Started at MKM Partners
Analyst Ratings for Ciena
New Strong Sell Stocks for August 1st
Ciena Co. (NYSE:CIEN) CEO Sells $174,301.82 in Stock
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CIEN Company Calendar

Last Earnings
6/02/2022
Today
8/12/2022
Next Earnings (Estimated)
9/01/2022
Fiscal Year End
10/31/2022

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
$72.28
High Stock Price Forecast
$88.00
Low Stock Price Forecast
$51.00
Forecasted Upside/Downside
+31.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.88
Research Coverage
17 Analysts

Profitability

Net Income
$500.20 million
Pretax Margin
9.76%

Debt

Sales & Book Value

Annual Sales
$3.62 billion
Cash Flow
$3.49 per share
Book Value
$19.50 per share

Miscellaneous

Free Float
148,298,000
Market Cap
$8.19 billion
Optionable
Optionable
Beta
0.92

Social Links















CIEN Stock - Frequently Asked Questions

Should I buy or sell Ciena stock right now?

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last twelve months. There are currently 1 hold rating and 16 buy ratings for the stock. The consensus among Wall Street research 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?

17 brokerages have issued twelve-month target prices for Ciena's shares. Their CIEN share price forecasts range from $51.00 to $88.00. On average, they predict the company's stock price to reach $72.28 in the next year. This suggests a possible upside of 32.1% 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 28.9% and is now trading at $54.70.
View the best growth stocks for 2022 here
.

When is Ciena's next earnings date?

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

How were Ciena's earnings last quarter?

Ciena Co. (NYSE:CIEN) posted its quarterly earnings results on Thursday, June, 2nd. The communications equipment provider reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by $0.06. The communications equipment provider earned $949.20 million during the quarter, compared to analyst estimates of $950.86 million. Ciena had a trailing twelve-month return on equity of 12.18% and a net margin of 11.15%. Ciena's revenue was up 13.8% compared to the same quarter last year. During the same period last year, the business earned $0.52 EPS.

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

Ciena issued an update on its third quarter 2022 earnings guidance on Friday, July, 1st. The company provided earnings per share 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.

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."

Who are Ciena's major shareholders?

Ciena's stock is owned by many different retail and institutional investors. Top institutional investors include FMR LLC (5.75%), Congress Asset Management Co. MA (2.12%), BNP PARIBAS ASSET MANAGEMENT Holding S.A. (1.54%), Clal Insurance Enterprises Holdings Ltd (1.00%), Platinum Investment Management Ltd. (0.83%) and Northern Trust Corp (0.77%). 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, Judith M Obrien, Patrick H Nettles, Rick Hamilton, Scott Mcfeely, Stephen B Alexander, Stephen B Alexander and Thomas Michael Nevens.
View institutional ownership trends
.

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 $54.70.

How much money does Ciena make?

Ciena (NYSE:CIEN) has a market capitalization of $8.19 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?

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

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 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 8/13/2022 by MarketBeat.com Staff

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