Ciena Stock Forecast, Price & News

Ciena's stock was trading at $38.83 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CIEN stock has increased by 5.7% and is now trading at $41.03.
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22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last year. There are currently 1 sell rating, 3 hold ratings and 18 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Ciena is scheduled to release its next quarterly earnings announcement on Thursday, December 10th 2020.
View our earnings forecast for Ciena.

Ciena Co. (NYSE:CIEN) released its quarterly earnings results on Thursday, September, 3rd. The communications equipment provider reported $1.06 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.23. The communications equipment provider earned $976.70 million during the quarter, compared to analysts' expectations of $974.49 million. Ciena had a return on equity of 17.93% and a net margin of 10.26%. The firm's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.71 EPS.
View Ciena's earnings history.

Ciena updated its fourth quarter 2020 Pre-Market earnings guidance on Thursday, September, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $800-840 million, compared to the consensus revenue estimate of $994.43 million.

22 brokerages have issued 12 month price targets for Ciena's stock. Their forecasts range from $31.00 to $73.00. On average, they expect Ciena's share price to reach $54.25 in the next twelve months. This suggests a possible upside of 32.2% from the stock's current price.
View analysts' price targets for Ciena.

Ciena saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 2,930,000 shares, a decrease of 26.6% from the August 15th total of 3,990,000 shares. Based on an average daily volume of 2,260,000 shares, the days-to-cover ratio is currently 1.3 days. Approximately 1.9% of the shares of the company are short sold.
View Ciena's Short Interest.

Some companies that are related to Ciena include Cisco Systems (CSCO), QUALCOMM (QCOM), Motorola Solutions (MSI), Palo Alto Networks (PANW), Juniper Networks (JNPR), F5 Networks (FFIV), Echostar (SATS), ViaSat (VSAT), InterDigital Wireless (IDCC), Infinera (INFN), Calix (CALX), NetGear (NTGR), Ribbon Communications (RBBN), Harmonic (HLIT) and Plantronics (PLT).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Ciena investors own include Micron Technology (MU), NVIDIA (NVDA), Bank of America (BAC), Advanced Micro Devices (AMD), Intel (INTC), Alibaba Group (BABA), Cisco Systems (CSCO), QUALCOMM (QCOM), Walt Disney (DIS) and Skyworks Solutions (SWKS).

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

Ciena's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.55%), FMR LLC (4.03%), Neuberger Berman Group LLC (2.54%), Congress Asset Management Co. MA (2.23%), First Trust Advisors LP (1.79%) and Bank of New York Mellon Corp (1.74%). 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.

CIEN stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Emerald Advisers LLC, AQR Capital Management LLC, Thrivent Financial for Lutherans, First Trust Advisors LP, APG Asset Management N.V., Bank of America Corp DE, and Neuberger Berman Group 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, Jason Phipps, Patrick H Nettles, Scott Mcfeely, Stephen B Alexander, and Thomas Michael Nevens.
View insider buying and selling activity for Ciena.

CIEN stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, Congress Asset Management Co. MA, Nuveen Asset Management LLC, Natixis Advisors L.P., Stephens Investment Management Group LLC, Prudential Financial Inc., Point72 Asset Management L.P., and Charles Schwab Investment Management Inc..
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

One share of CIEN stock can currently be purchased for approximately $41.03.

Ciena has a market capitalization of $6.33 billion and generates $3.57 billion in revenue each year. The communications equipment provider earns $253.43 million in net income (profit) each year or $1.84 on an earnings per share basis. Ciena employs 6,383 workers across the globe.

The official website for Ciena is 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]