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S&P 500   3,852.36
DOW   32,920.46
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Why Gold Can Be A Glistening Addition To Your Portfolio Right Now
Grab Shares Are Suddenly On Track To Double
S&P 500   3,852.36
DOW   32,920.46
QQQ   290.27
Mullen Automotive On Hiring Spree, What Could That Mean? 
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What You Need to Know About Annuity Withdrawals
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Why Extreme Networks is a Recession-Proof Technology Play
Invest in Brooklyn Gin: Hot craft spirits opportunity (Ad)pixel
Why Gold Can Be A Glistening Addition To Your Portfolio Right Now
Grab Shares Are Suddenly On Track To Double
S&P 500   3,852.36
DOW   32,920.46
QQQ   290.27
Mullen Automotive On Hiring Spree, What Could That Mean? 
Hot craft spirits opportunity you don't want to miss (Ad)pixel
What You Need to Know About Annuity Withdrawals
SoFi Technologies Smashes Earnings but Beware the Fed Decision
Invest in Brooklyn Gin: Hot craft spirits opportunity (Ad)pixel
Cassava Sciences Stock Undervalued with Its $124 Price Target?
Why Extreme Networks is a Recession-Proof Technology Play
Invest in Brooklyn Gin: Hot craft spirits opportunity (Ad)pixel
Why Gold Can Be A Glistening Addition To Your Portfolio Right Now
Grab Shares Are Suddenly On Track To Double
NYSE:CIEN

Ciena - CIEN Stock Forecast, Price & News

$50.71
-0.32 (-0.63%)
(As of 01/30/2023 12:00 AM ET)
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Compare
Today's Range
$50.60
$51.55
50-Day Range
$42.62
$51.93
52-Week Range
$38.33
$71.06
Volume
1.24 million shs
Average Volume
1.24 million shs
Market Capitalization
$7.53 billion
P/E Ratio
50.71
Dividend Yield
N/A
Price Target
$63.06

Ciena MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.87 Rating Score
Upside/​Downside
24.4% Upside
$63.06 Price Target
Short Interest
Healthy
2.70% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.77
Upright™ Environmental Score
News Sentiment
0.26mentions of Ciena in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$2.15 M Sold Last Quarter
Proj. Earnings Growth
51.49%
From $2.02 to $3.06 Per Share

Overall MarketRank

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

2.47 out of 5 stars

Computer And Technology Sector

140th out of 630 stocks

Telephone & Telegraph Apparatus Industry

4th out of 13 stocks


CIEN stock logo

About Ciena (NYSE:CIEN) Stock

Ciena Corporation provides hardware and software services for delivery of video, data, and voice traffic metro, aggregation, and access communications network worldwide. The company's Networking Platforms segment offers convergence of coherent optical transport, open optical networking, IP routing, and switching services. Its products include 6500 Packet-Optical Platform, 5400 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 the 5000 family of service aggregation switches, as well as 8700 Packetwave Platform 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 that support network solutions. The company's Global Services segment provides consulting and network design, installation and deployment, maintenance support, and training services. Ciena Corporation was incorporated in 1992 and is headquartered in Hanover, Maryland.

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CIEN Stock News Headlines

Gary B. Smith Sells 3,541 Shares of Ciena Co. (NYSE:CIEN) Stock
Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
Here's Why Investors Should Consider Buying Ciena (CIEN)
Needham Keeps Their Buy Rating on Ciena (CIEN)
Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
2 Top Stocks Poised for Bull Runs in 2023
Time to Buy These 2 Tech Stocks for 2023?
Ciena Corporation: Q4 2022 Earnings Review, Hold
Ciena Full Year 2022 Earnings: Beats Expectations
Ciena stock jumps on top- and bottom-line beat
Here's What to Expect Ahead of Ciena's (CIEN) Q4 Earnings
See More Headlines
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CIEN Company Calendar

Last Earnings
12/08/2022
Today
1/30/2023
Next Earnings (Estimated)
3/06/2023
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
$63.06
High Stock Price Forecast
$76.00
Low Stock Price Forecast
$45.00
Forecasted Upside/Downside
+24.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.87
Research Coverage
15 Analysts

Profitability

Net Income
$152.90 million
Pretax Margin
5.02%

Debt

Sales & Book Value

Annual Sales
$3.63 billion
Cash Flow
$2.34 per share
Book Value
$18.31 per share

Miscellaneous

Free Float
147,020,000
Market Cap
$7.53 billion
Optionable
Optionable
Beta
0.93

Social Links


Key Executives

  • Dr. Patrick H. NettlesDr. Patrick H. Nettles (Age 80)
    Exec. Chairman
    Comp: $155.83k
  • Mr. Gary B. SmithMr. Gary B. Smith (Age 63)
    CEO, Pres & Director
    Comp: $2.86M
  • Mr. James E. Moylan Jr.Mr. James E. Moylan Jr. (Age 72)
    Sr. VP of Fin. & CFO
    Comp: $1.36M
  • Mr. David M. RothensteinMr. David M. Rothenstein (Age 55)
    Sr. VP, Gen. Counsel, Sec. & Acting Chief Strategy Officer
    Comp: $1.14M
  • Mr. Jason M. PhippsMr. Jason M. Phipps (Age 51)
    Sr. VP of Global Customer Engagement
    Comp: $1.26M
  • Mr. Scott Alexander McFeely (Age 59)
    Sr. VP of Global Products & Services
    Comp: $1.18M
  • Mr. Stephen B. AlexanderMr. Stephen B. Alexander (Age 64)
    Sr. VP, CTO & Member of Technology Advisory Council
  • Mr. Gregg M. Lampf
    VP of Investor Relations
  • Mr. Joseph R. Cumello (Age 51)
    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?

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last year. There are currently 2 hold ratings and 13 buy ratings 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?

15 Wall Street research analysts have issued twelve-month price objectives for Ciena's stock. Their CIEN share price forecasts range from $45.00 to $76.00. On average, they anticipate the company's share price to reach $63.06 in the next year. This suggests a possible upside of 24.4% 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 on January 1st, 2023. Since then, CIEN stock has decreased by 0.5% and is now trading at $50.71.
View the best growth stocks for 2023 here
.

Are investors shorting Ciena?

Ciena saw a increase in short interest in the month of December. As of December 30th, there was short interest totaling 3,900,000 shares, an increase of 9.9% from the December 15th total of 3,550,000 shares. Based on an average daily volume of 1,890,000 shares, the days-to-cover ratio is presently 2.1 days. Currently, 2.7% 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 Monday, March 6th 2023.
View our CIEN earnings forecast
.

How were Ciena's earnings last quarter?

Ciena Co. (NYSE:CIEN) issued its quarterly earnings data on Thursday, December, 8th. The communications equipment provider reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.07) by $0.56. The communications equipment provider earned $971 million during the quarter, compared to analysts' expectations of $847.83 million. Ciena had a net margin of 4.21% and a trailing twelve-month return on equity of 7.57%. The firm's quarterly revenue was down 6.8% compared to the same quarter last year. During the same period last year, the business posted $0.75 EPS.

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

Ciena updated its FY 2023 earnings guidance on Friday, December, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $4.21 billion-$4.29 billion, compared to the consensus revenue estimate of $4.04 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 investors include Congress Asset Management Co. MA (2.19%), Natixis Advisors L.P. (0.59%), Artemis Investment Management LLP (0.30%), Peregrine Capital Management LLC (0.24%), Boston Common Asset Management LLC (0.23%) and Trinity Street Asset Management LLP (0.21%). 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, Patrick H Nettles, Rick Hamilton, Scott Mcfeely, Stephen B Alexander and Stephen B Alexander.
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 $50.71.

How much money does Ciena make?

Ciena (NYSE:CIEN) has a market capitalization of $7.53 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 $1.00 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 1/31/2023 by MarketBeat.com Staff