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DOW   30,932.37
QQQ   314.14
S&P 500   3,811.15
DOW   30,932.37
QQQ   314.14
S&P 500   3,811.15
DOW   30,932.37
QQQ   314.14
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NYSE:CIEN

Ciena Stock Forecast, Price & News

$52.17
+0.32 (+0.62 %)
(As of 02/26/2021 12:00 AM ET)
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Today's Range
$51.30
Now: $52.17
$52.78
50-Day Range
$51.85
MA: $54.38
$56.51
52-Week Range
$30.58
Now: $52.17
$61.51
Volume1.24 million shs
Average Volume1.38 million shs
Market Capitalization$8.09 billion
P/E Ratio22.49
Dividend YieldN/A
Beta0.85
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.
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Industry, Sector and Symbol

Industry Telephone & telegraph apparatus
Sub-IndustryCommunications Equipment
CUSIP17177930
Phone410-694-5700
Employees7,032
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.53 billion
Cash Flow$3.45 per share
Book Value$16.26 per share

Profitability

Net Income$361.29 million

Miscellaneous

Market Cap$8.09 billion
Next Earnings Date3/4/2021 (Confirmed)
OptionableOptionable

MarketRank

Overall MarketRank

2.29 out of 5 stars

Computer And Technology Sector

22nd out of 1,523 stocks

Telephone & Telegraph Apparatus Industry

1st out of 36 stocks

Analyst Opinion: 3.4Community Rank: 3.3Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 3.1 5 -4 -3 -2 -1 -
$52.17
+0.32 (+0.62 %)
(As of 02/26/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Ciena (NYSE:CIEN) Frequently Asked Questions

Is Ciena a buy right now?

21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last year. There are currently 5 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Ciena stock.
View analyst ratings for Ciena
or view top-rated stocks.

What stocks does MarketBeat like better than Ciena?

Wall Street analysts have given Ciena a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Ciena wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Ciena?

Ciena saw a decrease in short interest in the month of January. As of January 15th, there was short interest totaling 4,610,000 shares, a decrease of 16.0% from the December 31st total of 5,490,000 shares. Based on an average daily trading volume, of 1,780,000 shares, the days-to-cover ratio is presently 2.6 days. Approximately 3.0% of the company's stock are sold short.
View Ciena's Short Interest
.

When is Ciena's next earnings date?

Ciena is scheduled to release its next quarterly earnings announcement on Thursday, March 4th 2021.
View our earnings forecast for Ciena
.

How can I listen to Ciena's earnings call?

Ciena will be holding an earnings conference call on Thursday, March 4th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Ciena's earnings last quarter?

Ciena Co. (NYSE:CIEN) released its quarterly earnings results on Wednesday, December, 9th. The communications equipment provider reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by $0.03. The communications equipment provider had revenue of $828.50 million for the quarter, compared to the consensus estimate of $826.70 million. Ciena had a trailing twelve-month return on equity of 17.41% and a net margin of 10.23%. The company's revenue for the quarter was down 14.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.58 EPS.
View Ciena's earnings history
.

How has Ciena's stock price been impacted by Coronavirus (COVID-19)?

Ciena's stock was trading at $38.83 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CIEN shares have increased by 34.4% and is now trading at $52.17.
View which stocks have been most impacted by COVID-19
.

What price target have analysts set for CIEN?

21 equities research analysts have issued 12 month price targets for Ciena's stock. Their forecasts range from $45.00 to $73.00. On average, they anticipate Ciena's stock price to reach $58.08 in the next twelve months. This suggests a possible upside of 11.3% from the stock's current price.
View analysts' price targets for Ciena
or view top-rated stocks among Wall Street analysts.

Who are Ciena's key executives?

Ciena's management team includes the following people:
  • Dr. Patrick H. Nettles, Exec. Chairman (Age 78, Pay $177.91k)
  • Mr. Gary B. Smith, CEO, Pres & Director (Age 61, Pay $2.99M)
  • Mr. James E. Moylan Jr., Sr. VP of Fin. & CFO (Age 70, Pay $1.4M)
  • Mr. David M. Rothenstein, Sr. VP, Gen. Counsel & Sec. (Age 53, Pay $1.14M)
  • Mr. Jason M. Phipps, Sr. VP of Global Customer Engagement (Age 49, Pay $1.22M)
  • Mr. Scott Alexander McFeely, Sr. VP of Global Products & Services (Age 57, Pay $1.16M)
  • Mr. Stephen B. Alexander, Sr. VP, CTO & Member of Technology Advisory Council (Age 62)
  • Mr. Gregg M. Lampf, VP of Investor Relations
  • Mr. Joseph R. Cumello, Sr. VP of Global Marketing & Communications (Age 49)
  • Ms. Jane Hobbs, Chief HR Officer & Sr. VP

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.

Who are some of Ciena's key competitors?

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), The 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 shareholders include BlackRock Inc. (9.57%), Spring Creek Capital LLC (3.01%), Congress Asset Management Co. MA (2.33%), First Trust Advisors LP (1.88%), Alliancebernstein L.P. (1.70%) and Bank of New York Mellon Corp (1.57%). Company insiders that own Ciena stock include Andrew C Petrik, Bruce L Claflin, David M Rothenstein, Gary B Smith, James E Moylan Jr, James E Moylan, Jr, James Frodsham, Jason Phipps, Jean I Liu, Judith M Obrien, Patrick H Nettles, Rick Hamilton, Scott Mcfeely, Stephen B Alexander and Thomas Michael Nevens.
View institutional ownership trends for Ciena
.

Which major investors are selling Ciena stock?

CIEN stock was sold by a variety of institutional investors in the last quarter, including Swedbank, Fort Pitt Capital Group LLC, Ion Asset Management Ltd., Ion Asset Management Ltd., Alliancebernstein L.P., Wells Fargo & Company MN, Phoenix Holdings Ltd., and CWM LLC. Company insiders that have sold Ciena company stock in the last year include Andrew C Petrik, Bruce L Claflin, David M Rothenstein, Gary B Smith, James E Moylan Jr, James E Moylan, Jr, Patrick H Nettles, Rick Hamilton, Scott Mcfeely, and Stephen B Alexander.
View insider buying and selling activity for Ciena
or view top insider-selling stocks.

Which major investors are buying Ciena stock?

CIEN stock was bought by a variety of institutional investors in the last quarter, including Spring Creek Capital LLC, BlackRock Inc., Senvest Management LLC, Morgan Stanley, New York State Common Retirement Fund, Nuveen Asset Management LLC, Janus Henderson Group PLC, and Russell Investments Group Ltd..
View insider buying and selling activity for Ciena
or or view top insider-buying stocks.

How do I buy shares of Ciena?

Shares of CIEN 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 $52.17.

How much money does Ciena make?

Ciena has a market capitalization of $8.09 billion and generates $3.53 billion in revenue each year. The communications equipment provider earns $361.29 million in net income (profit) each year or $2.65 on an earnings per share basis.

How many employees does Ciena have?

Ciena employs 7,032 workers across the globe.

What is Ciena's official website?

The official website for Ciena is www.ciena.com.

Where are Ciena's headquarters?

Ciena is headquartered at 7035 RIDGE ROAD, HANOVER MD, 21076.

How can I contact Ciena?

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]


This page was last updated on 2/28/2021 by MarketBeat.com Staff

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