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S&P 500   4,145.19
DOW   32,803.47
QQQ   324.52
What to Expect from the Markets in a Recession
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
China July exports rise, with trade surplus at record-high
Electric Vehicles Can Drive Alcoa Stock Higher
What's in Democrats' big bill? Climate, health care, savings
Is Apple Pointing to a Massive Recession in the U.S.? (Ad)
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Bangladesh seeks China help to repatriate Rohingya refugees
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
S&P 500   4,145.19
DOW   32,803.47
QQQ   324.52
What to Expect from the Markets in a Recession
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
China July exports rise, with trade surplus at record-high
Electric Vehicles Can Drive Alcoa Stock Higher
What's in Democrats' big bill? Climate, health care, savings
Is Apple Pointing to a Massive Recession in the U.S.? (Ad)
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Bangladesh seeks China help to repatriate Rohingya refugees
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
S&P 500   4,145.19
DOW   32,803.47
QQQ   324.52
What to Expect from the Markets in a Recession
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
China July exports rise, with trade surplus at record-high
Electric Vehicles Can Drive Alcoa Stock Higher
What's in Democrats' big bill? Climate, health care, savings
Is Apple Pointing to a Massive Recession in the U.S.? (Ad)
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Bangladesh seeks China help to repatriate Rohingya refugees
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
NYSE:CIEN

Ciena - CIEN Stock Forecast, Price & News

$52.89
0.00 (0.00%)
(As of 08/8/2022 07:55 AM ET)
Add
Compare
Today's Range
$51.80
$52.91
50-Day Range
$42.04
$52.89
52-Week Range
$41.63
$78.28
Volume
26,887 shs
Average Volume
1.54 million shs
Market Capitalization
$7.92 billion
P/E Ratio
19.44
Dividend Yield
N/A
Price Target
$71.78

Ciena MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.88 Rating Score
Upside/​Downside
35.7% Upside
$71.78 Price Target
Short Interest
Healthy
2.52% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.77
Upright™ Environmental Score
News Sentiment
0.21mentions of Ciena in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$1.27 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.

3.17 out of 5 stars

Computer And Technology Sector

15th out of 835 stocks

Telephone & Telegraph Apparatus Industry

1st out of 16 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 Upgrades and Downgrades

A number of equities research analysts have recently commented on CIEN shares. UBS Group dropped their price objective on shares of Ciena from $66.00 to $51.00 and set a "neutral" rating on the stock in a research note on Friday, June 3rd. Evercore ISI dropped their target price on Ciena to $60.00 in a research report on Friday, June 3rd. B. Riley upgraded Ciena from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $65.00 to $67.00 in a research note on Friday, June 3rd. JPMorgan Chase & Co. reduced their price objective on Ciena from $72.00 to $62.00 and set an "overweight" rating for the company in a research note on Thursday, July 14th. Finally, Rosenblatt Securities dropped their target price on Ciena from $80.00 to $70.00 and set a "buy" rating on the stock in a report on Monday, May 23rd. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $71.78.

Ciena Price Performance

Ciena stock traded up $0.40 during mid-day trading on Friday, reaching $52.89. The company had a trading volume of 760,828 shares, compared to its average volume of 1,043,209. The company has a market cap of $7.92 billion, a P/E ratio of 19.44, a P/E/G ratio of 2.30 and a beta of 0.92. The business has a fifty day simple moving average of $47.67 and a 200 day simple moving average of $55.44. 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 fifty-two week low of $41.63 and a fifty-two week high of $78.28.

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

Insider Activity at Ciena

In related news, VP Andrew C. Petrik sold 1,000 shares of the stock in a transaction on Friday, July 15th. The shares were sold at an average price of $47.17, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Gary B. Smith sold 3,542 shares of the firm's stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $49.21, for a total value of $174,301.82. Following the transaction, the chief executive officer now owns 420,795 shares of the company's stock, valued at $20,707,321.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction of $47,170.00. Following the transaction, the vice president now directly owns 31,190 shares in the company, valued at approximately $1,471,232.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,310 shares of company stock worth $1,272,601. 0.94% of the stock is owned by corporate insiders.

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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
Brokerages Set Ciena Co. (NYSE:CIEN) Target Price at $73.71
See More Headlines
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CIEN Company Calendar

Last Earnings
6/02/2022
Today
8/08/2022
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
$71.78
High Stock Price Forecast
$88.00
Low Stock Price Forecast
$51.00
Forecasted Upside/Downside
+35.7%
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
$3.37 per share
Book Value
$19.50 per share

Miscellaneous

Free Float
148,298,000
Market Cap
$7.92 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 analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last year. There are currently 2 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Ciena stock.
View analyst ratings for Ciena
or view top-rated stocks.

What is Ciena's stock price forecast for 2022?

17 analysts have issued twelve-month price targets for Ciena's shares. Their CIEN stock forecasts range from $51.00 to $88.00. On average, they anticipate Ciena's share price to reach $71.78 in the next twelve months. This suggests a possible upside of 35.7% from the stock's current price.
View analysts' price targets for Ciena
or view top-rated stocks among Wall Street analysts.

How has Ciena's stock price performed in 2022?

Ciena's stock was trading at $76.97 at the start of the year. Since then, CIEN shares have decreased by 31.3% and is now trading at $52.89.
View the best growth stocks for 2022 here
.

When is Ciena's next earnings date?

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

How were Ciena's earnings last quarter?

Ciena Co. (NYSE:CIEN) issued its quarterly earnings results on Thursday, June, 2nd. The communications equipment provider reported $0.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by $0.06. The communications equipment provider had revenue of $949.20 million for 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%. The company's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.52 earnings per share.

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 (EPS) 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 CEO Gary B. Smith on Glassdoor.com. Gary B. Smith has an approval rating of 95% among Ciena'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 a variety of retail and institutional investors. Top institutional shareholders include Congress Asset Management Co. MA (2.12%), BNP PARIBAS ASSET MANAGEMENT Holding S.A. (1.54%), Fort Pitt Capital Group LLC (0.77%), Sadoff Investment Management LLC (0.57%), Stephens Investment Management Group LLC (0.46%) and Loomis Sayles & Co. L P (0.45%). Company insiders that own Ciena 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 for Ciena
.

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 $52.89.

How much money does Ciena make?

Ciena (NYSE:CIEN) has a market capitalization of $7.92 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?

Ciena 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 Ciena 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 8/8/2022 by MarketBeat.com Staff

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