NYSE:CIEN - Ciena Stock Price, News, & Analysis

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

Ciena declared that its Board of Directors has initiated a share buyback program on Thursday, December 7th 2017, which allows the company to buyback $300,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its stock is undervalued.

Ciena Co. (NYSE:CIEN) announced its quarterly earnings data on Thursday, December, 13th. The communications equipment provider reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.48 by $0.05. The communications equipment provider earned $889.40 million during the quarter, compared to the consensus estimate of $862.54 million. Ciena had a positive return on equity of 9.31% and a negative net margin of 11.14%. Ciena's quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.46 earnings per share. View Ciena's Earnings History.

Ciena is scheduled to release their next quarterly earnings announcement on Tuesday, March 5th 2019. View Earnings Estimates for Ciena.

Ciena will be holding an earnings conference call on Tuesday, March 5th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

22 Wall Street analysts have issued 12-month price objectives for Ciena's shares. Their predictions range from $23.00 to $45.00. On average, they expect Ciena's stock price to reach $37.2250 in the next twelve months. This suggests that the stock has a possible downside of 7.4%. View Analyst Price Targets for Ciena.

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last year. There are currently 8 hold ratings and 14 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Ciena.

Media stories about CIEN stock have trended somewhat negative on Saturday, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Ciena earned a coverage optimism score of -1.0 on InfoTrie's scale. They also assigned headlines about the communications equipment provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the near future.

Some companies that are related to Ciena include Telkom SA Ltd ADS (TLKGY), Fabrinet (FN), Plantronics (PLT), Avaya (AVYA), NetGear (NTGR), Infinera (INFN), ADTRAN (ADTN), AudioCodes (AUDC), DASAN Zhone Solutions (DZSI), Akoustis Technologies (AKTS), Clearfield (CLFD), Westell Technologies (WSTL), Franklin Wireless (FKWL), Communications Systems (JCS) and AltiGen Communications (ATGN).

Ciena's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.44%), Bank of New York Mellon Corp (4.60%), Dimensional Fund Advisors LP (2.04%), Northern Trust Corp (1.97%), Thrivent Financial for Lutherans (1.87%) and LSV Asset Management (1.80%). Company insiders that own Ciena stock include Andrew C Petrik, David M Rothenstein, Francois Locoh-Donou, Gary B Smith, James E Moylan Jr, James E Moylan, Jr, James Frodsham, Jason Phipps, Judith M Obrien, Patrick Gallagher, Rick Hamilton, Scott Mcfeely and Stephen B Alexander. View Institutional Ownership Trends for Ciena.

CIEN stock was sold by a variety of institutional investors in the last quarter, including D. E. Shaw & Co. Inc., Shapiro Capital Management LLC, Bank of New York Mellon Corp, Millennium Management LLC, Mackay Shields LLC, Victory Capital Management Inc., Dimensional Fund Advisors LP and Managed Asset Portfolios LLC. Company insiders that have sold Ciena company stock in the last year include Andrew C Petrik, David M Rothenstein, Gary B Smith, James E Moylan Jr, James E Moylan, Jr, James Frodsham, Jason Phipps, Patrick Gallagher, Rick Hamilton, Scott Mcfeely and Stephen B Alexander. View Insider Buying and Selling for Ciena.

CIEN stock was purchased by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, BlackRock Inc., Sadoff Investment Management LLC, Canada Pension Plan Investment Board, Mackenzie Financial Corp, Cookson Peirce & Co. Inc., Northern Trust Corp and Cavalry Management Group LLC. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

One share of CIEN stock can currently be purchased for approximately $40.21.

Ciena has a market capitalization of $6.29 billion and generates $3.09 billion in revenue each year. The communications equipment provider earns $-344,690,000.00 in net income (profit) each year or $1.12 on an earnings per share basis. Ciena employs 6,013 workers across the globe.

The official website for Ciena is http://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]