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Ciena (CIEN) Stock Forecast, Price & News

$43.28
+0.88 (+2.08%)
(As of 06/7/2023 ET)
Compare
Today's Range
$42.48
$44.21
50-Day Range
$42.49
$52.52
52-Week Range
$38.33
$56.38
Volume
3.61 million shs
Average Volume
1.72 million shs
Market Capitalization
$6.45 billion
P/E Ratio
35.47
Dividend Yield
N/A
Price Target
$63.93

Ciena MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.92 Rating Score
Upside/​Downside
47.7% Upside
$63.93 Price Target
Short Interest
Healthy
3.03% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.77
Upright™ Environmental Score
News Sentiment
0.47mentions of Ciena in the last 14 days
Based on 49 Articles This Week
Insider Trading
Selling Shares
$773,414 Sold Last Quarter
Proj. Earnings Growth
33.80%
From $2.16 to $2.89 Per Share

Overall MarketRank

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

3.20 out of 5 stars

Computer And Technology Sector

4th out of 596 stocks

Telephone & Telegraph Apparatus Industry

1st out of 11 stocks


CIEN stock logo

About Ciena (NYSE:CIEN) Stock

Ciena Corp. engages in the provision of network and communication infrastructure. It operates through the following segments: Networking Platforms, Platform Software and Services, Blue Planet Automation Software and Services, and Global Services. The Networking Platforms segment consists of Converged Packet Optical and Packet Networking portfolios. The Platform Software and Services segment provides analytics, data, and planning tools to assist customers in managing Ciena's Networking Platforms products in their networks. The Blue Planet Automation Software and Services segment enables customers to implement large-scale software and IT-led OSS transformations by transforming legacy networks into “service ready“ networks. The Global Services segment offers a broad suite of value-added services. The company was founded by Patrick H. Nettles in November 1992 and is headquartered in Hanover, MD.

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CIEN Stock News Headlines

3 Late-Season Earnings Plays for Mid-Cap Traders
The unusually even number of positive and negative surprises this earnings season have afforded mid-cap traders ample opportunities to make money on both sides.
The "How" and "Why" of Investing in 5G Stocks (CIEN)
Want to invest in 5G? You don't have to dig into just the top cellphone carriers. Learn how to invest in 5G stocks in a few different ways.
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
Barclays Cuts Ciena (NYSE:CIEN) Price Target to $66.00
Q2 2023 Ciena Corp Earnings Call
Ciena: Fiscal Q2 Earnings Snapshot
Morgan Stanley Sticks to Their Hold Rating for Ciena (CIEN)
Why Ciena Stock Crashed on Tuesday
Ciena Dips Despite Upbeat Quarterly Results
Ciena Stock Drops Amid Sales Slowdown In Key Market
Ciena Corp. Q2 Profit Increases, beats estimates
See More Headlines

CIEN Price History

CIEN Company Calendar

Last Earnings
6/06/2023
Today
6/07/2023
Next Earnings (Estimated)
9/07/2023
Fiscal Year End
10/31/2023

Industry, Sector and Symbol

Industry
Telephone & telegraph apparatus
Sub-Industry
Communications Equipment
CUSIP
17177930
Employees
8,079
Year Founded
1992

Price Target and Rating

Average Stock Price Forecast
$63.93
High Stock Price Forecast
$76.00
Low Stock Price Forecast
$41.00
Forecasted Upside/Downside
+47.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.92
Research Coverage
13 Analysts

Profitability

Net Income
$152.90 million
Pretax Margin
5.95%

Debt

Sales & Book Value

Annual Sales
$3.63 billion
Cash Flow
$2.15 per share
Book Value
$18.31 per share

Miscellaneous

Free Float
147,683,000
Market Cap
$6.45 billion
Optionable
Optionable
Beta
1.01

Social Links


Key Executives

  • Gary B. SmithGary B. Smith
    President, Chief Executive Officer & Director
  • James E. MoylanJames E. Moylan
    Chief Financial Officer & Senior Vice President
  • Stephen B. AlexanderStephen B. Alexander
    Chief Technology Officer & Senior Vice President
  • David Marc RothensteinDavid Marc Rothenstein
    Secretary, Chief Strategy Officer & Senior VP
  • Sheela Kosaraju
    Senior VP, General Counsel & Assistant Secretary













CIEN Stock - Frequently Asked Questions

Should I buy or sell Ciena stock right now?

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last twelve months. There are currently 2 hold ratings, 10 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities 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 2023?

13 Wall Street analysts have issued 1-year price objectives for Ciena's stock. Their CIEN share price forecasts range from $41.00 to $76.00. On average, they expect the company's share price to reach $64.47 in the next twelve months. This suggests a possible upside of 46.8% 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 2023?

Ciena's stock was trading at $50.98 at the beginning of the year. Since then, CIEN shares have decreased by 13.9% and is now trading at $43.90.
View the best growth stocks for 2023 here
.

Are investors shorting Ciena?

Ciena saw a increase in short interest in May. As of May 15th, there was short interest totaling 4,460,000 shares, an increase of 13.8% from the April 30th total of 3,920,000 shares. Based on an average trading volume of 1,740,000 shares, the days-to-cover ratio is presently 2.6 days. Approximately 3.0% of the shares of the company 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, September 7th 2023.
View our CIEN earnings forecast
.

How were Ciena's earnings last quarter?

Ciena Co. (NYSE:CIEN) released its quarterly earnings data on Tuesday, June, 6th. The communications equipment provider reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.13. The communications equipment provider earned $1.13 billion during the quarter, compared to analysts' expectations of $1.09 billion. Ciena had a net margin of 4.77% and a trailing twelve-month return on equity of 8.22%. The business's quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.36 EPS.

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

Ciena updated its FY 2023 earnings guidance on Tuesday, April, 25th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $4.36 billion-$4.43 billion, compared to the consensus revenue estimate of $4.42 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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.33%), FMR LLC (5.90%), Providence Capital Advisors LLC (3.97%), State Street Corp (2.86%), Bank of America Corp DE (2.72%) and Neuberger Berman Group LLC (2.51%). 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 Cumello, Joseph Gebbia, 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 $43.90.

How much money does Ciena make?

Ciena (NYSE:CIEN) has a market capitalization of $6.55 billion and generates $3.63 billion in revenue each year. The communications equipment provider earns $152.90 million in net income (profit) each year or $1.22 on an earnings per share basis.

How many employees does Ciena have?

The company employs 8,079 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 6/7/2023 by MarketBeat.com Staff

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