Ciena Corporation provides hardware, software, and services that support the transport, switching, aggregation, service delivery, and management of voice, video, and data traffic on communications networks worldwide. The company's Networking Platforms segment offers hardware networking solutions optimized for the convergence of coherent optical transport, optical transport network switching, and packet switching. Its products include 6500 Packet-Optical Platform and the 5430 Reconfigurable Switching System, Waveserver stackable interconnect system, CoreDirector Multiservice Optical Switches, and OTN configuration for the 5410 Reconfigurable Switching System, 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 4200 Advanced Services Platform, 5100/5200 Advanced Services Platform, Common Photonic Layer, and 6100 Multiservice Optical Platform. This segment also sells operating system software and enhanced software features embedded in each of its products. The company's Software and Software-Related Services segment offers network management solutions, including the OneControl Unified Management System, ON-Center Network & Service Management Suite, Ethernet Services Manager, Optical Suite Release, and Planet Operate; and Blue Planet network virtualization, service orchestration, and network management software platform, as well as related installation, support, and consulting services. Its 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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Telephone & telegraph apparatus
Sub-IndustryCommunications Equipment
SectorComputer and Technology
Current SymbolNYSE:CIEN
Previous Symbol
CUSIP17177930
Phone410-694-5700
Debt
Debt-to-Equity Ratio0.33
Current Ratio1.97
Quick Ratio1.76
Price-To-Earnings
Trailing P/E Ratio22.11
Forward P/E Ratio29.95
P/E Growth1.46
Sales & Book Value
Annual Sales$2.80 billion
Price / Sales1.68
Cash Flow$2.4382 per share
Price / Cash13.51
Book Value$14.97 per share
Price / Book2.20
Profitability
EPS (Most Recent Fiscal Year)$1.49
Net Income$1.26 billion
Net Margins25.56%
Return on Equity8.56%
Return on Assets4.36%
Miscellaneous
Employees5,737
Outstanding Shares142,600,000
Market Cap$4.76 billion
OptionableOptionable
Ciena (NYSE:CIEN) Frequently Asked Questions
What is Ciena's stock symbol?
Ciena trades on the New York Stock Exchange (NYSE) under the ticker symbol "CIEN."
How will Ciena's stock buyback program work?
Ciena announced that its Board of Directors has initiated a share repurchase plan on Thursday, December 7th 2017, which authorizes the company to buyback $300,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board of directors believes its stock is undervalued.
How were Ciena's earnings last quarter?
Ciena Co. (NYSE:CIEN) announced its quarterly earnings data on Thursday, August, 30th. The communications equipment provider reported $0.48 EPS for the quarter, beating the consensus estimate of $0.36 by $0.12. The communications equipment provider had revenue of $818.82 million for the quarter, compared to analysts' expectations of $792.28 million. Ciena had a net margin of 25.56% and a return on equity of 8.56%. The company's revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.51 EPS. View Ciena's Earnings History.
When is Ciena's next earnings date?
What price target have analysts set for CIEN?
22 brokers have issued twelve-month target prices for Ciena's stock. Their predictions range from $23.00 to $39.00. On average, they expect Ciena's share price to reach $32.6364 in the next twelve months. This suggests that the stock has a possible downside of 0.9%. View Analyst Price Targets for Ciena.
What is the consensus analysts' recommendation for Ciena?
22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last year. There are currently 1 sell rating, 7 hold ratings and 14 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Ciena.
What are Wall Street analysts saying about Ciena stock?
Here are some recent quotes from research analysts about Ciena stock:
- 1. According to Zacks Investment Research, "Ciena’s revenues are expected to benefit from rising demand for packet-optical transport and switching products, integrated network and service management software. The company is increasingly investing in the data and optical fiber market to serve rising bandwidth demand. Growing usage of service management software in the global communication market remains a key catalyst. Furthermore, the Packet Design buyout will help accelerate Ciena's Blue Planet software strategy by extending its intelligent automation capabilities. The stock has outperformed the industry in the past three months on an average. However, the company faces huge concentration risk as a major portion of its revenues is concentrated among a few, large global communications service providers. Ciena competes against big players in the networking industry with risk of future cash flow. The company has a small share of the market relative to many of its competitors." (11/12/2018)
- 2. Nomura analysts commented, "F2Q sales meet expectations, but soft margins drive EPS miss. Webscale hit a record 17% of sales and lifted sales to $730mn, just above consensus. EMEA and APAC are also healthy, though AT&T and Verizon seem uninspired. The low-margin new wins and weak software mix drove a 220bps QoQ gross margin decline. This limited $0.23, which was well below consensus of $0.30. Revenue picture brightens; Ciena lifts 2018 guidance to 7-9% growth. Record 2Q webscale and India orders allowed Ciena to offer F3Q guidance of $790mn. This is well above consensus of $769mn. Ciena’s new 7-9% 2018 outlook exceeds its prior >5% view; its 5-7% three-year view is steady. Share gains require lower margins… for now. Ciena strengthened its share gain story by citing eight Tier 1 telco competitive wins this year and a second straight strong webscale quarter." (6/1/2018)
Has Ciena been receiving favorable news coverage?
News stories about CIEN stock have trended somewhat negative this week, InfoTrie reports. InfoTrie scores the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Ciena earned a coverage optimism score of -1.2 on InfoTrie's scale. They also gave news coverage about the communications equipment provider a news buzz of 8.0 out of 10, meaning that recent media coverage is very likely to have an effect on the company's share price in the near term.
Are investors shorting Ciena?
Ciena saw a decrease in short interest in October. As of October 31st, there was short interest totalling 9,925,711 shares, a decrease of 35.6% from the October 15th total of 15,414,830 shares. Based on an average trading volume of 3,436,503 shares, the short-interest ratio is presently 2.9 days. Currently, 7.1% of the shares of the company are sold short. View Ciena's Current Options Chain.
Who are some of Ciena's key competitors?
Some companies that are related to Ciena include Telkom SA Ltd ADS (TLKGY), Plantronics (PLT), Fabrinet (FN), Avaya (AVYA), NetGear (NTGR), Infinera (INFN), ADTRAN (ADTN), AudioCodes (AUDC), DASAN Zhone Solutions (DZSI), Clearfield (CLFD), Akoustis Technologies (AKTS), Westell Technologies (WSTL), Zoom Telephonics (ZMTP), Communications Systems (JCS) and Franklin Wireless (FKWL).
Who are Ciena's key executives?
Ciena's management team includes the folowing people:
- Dr. Patrick H. Nettles, Exec. Chairman (Age 75)
- Mr. Gary B. Smith, CEO, Pres & Director (Age 58)
- Mr. James E. Moylan Jr., CFO & Sr. VP of Fin. (Age 67)
- Mr. Stephen B. Alexander, CTO, Sr. VP & Member of Technology Advisory Council (Age 59)
- Mr. David M. Rothenstein, Sr. VP, Gen. Counsel & Sec. (Age 50)
Who are Ciena's major shareholders?
Ciena's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (11.46%), Bank of New York Mellon Corp (6.80%), Alliancebernstein L.P. (3.22%), FIL Ltd (2.97%), Dimensional Fund Advisors LP (2.75%) and LSV Asset Management (2.00%). Company insiders that own Ciena stock include Andrew C Petrik, David M Rothenstein, Francois Locoh-Donou, Gary B Smith, Harvey B Cash, 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.
Which institutional investors are selling Ciena stock?
CIEN stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Dimensional Fund Advisors LP, JPMorgan Chase & Co., FMR LLC, FIL Ltd, Victory Capital Management Inc., Royce & Associates LP and American Century Companies Inc.. 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.
Which institutional investors are buying Ciena stock?
CIEN stock was acquired by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Renaissance Technologies LLC, Deutsche Bank AG, Waratah Capital Advisors Ltd., Aperio Group LLC, WINTON GROUP Ltd, SG Americas Securities LLC and Assenagon Asset Management S.A.. View Insider Buying and Selling for Ciena.
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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Ciena's stock price today?
One share of CIEN stock can currently be purchased for approximately $32.94.
How big of a company is Ciena?
Ciena has a market capitalization of $4.76 billion and generates $2.80 billion in revenue each year. The communications equipment provider earns $1.26 billion in net income (profit) each year or $1.49 on an earnings per share basis. Ciena employs 5,737 workers across the globe.
What is Ciena's official website?
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]
MarketBeat Community Rating for Ciena (NYSE CIEN)
MarketBeat's community ratings are surveys of what our community members think about Ciena and other stocks. Vote "Outperform" if you believe CIEN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CIEN will underperform the S&P 500 over the long term. You may vote once every thirty days.
