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

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$38.27 -0.23 (-0.60 %)
(As of 01/22/2019 02:44 PM ET)
Previous Close$38.50
Today's Range$38.19 - $38.99
52-Week Range$20.71 - $38.72
Volume86,303 shs
Average Volume2.31 million shs
Market Capitalization$5.99 billion
P/E Ratio34.17
Dividend YieldN/A
Beta0.98
Ciena Corporation provides network hardware, software, and services that support the transport, 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 solutions 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, 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 6500 Packet Transport System. 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 multi-domain service orchestration, inventory, route optimization and assurance, network function virtualization orchestration, analytics, and related services; and OneControl unified management system and platform software services, as well as manage, control, and plan software. 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.

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Industry, Sector and Symbol

Industry Telephone & telegraph apparatus
Sub-IndustryCommunications Equipment
SectorComputer and Technology
CUSIP17177930
Phone410-694-5700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.09 billion
Cash Flow$1.9606 per share
Book Value$13.53 per share

Profitability

Net Income$-344,690,000.00

Miscellaneous

Employees6,013
Market Cap$5.99 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 declared that its Board of Directors has initiated a share repurchase plan on Thursday, December 7th 2017, which permits the company to buyback $300,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company's board believes its stock is undervalued.

How were Ciena's earnings last quarter?

Ciena Co. (NYSE:CIEN) posted its quarterly earnings data on Thursday, December, 13th. The communications equipment provider reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks' 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%. The business's revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.46 EPS. View Ciena's Earnings History.

When is Ciena's next earnings date?

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

What price target have analysts set for CIEN?

21 brokers have issued 12 month target prices for Ciena's stock. Their forecasts range from $23.00 to $45.00. On average, they anticipate Ciena's stock price to reach $36.9737 in the next twelve months. This suggests that the stock has a possible downside of 3.9%. View Analyst Price Targets for Ciena.

What is the consensus analysts' recommendation for Ciena?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last year. There are currently 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 reported healthy fourth-quarter fiscal 2018 results wherein both the top line and the bottom line surpassed the respective Zacks Consensus Estimate. The company remains confident about its business model and ability to achieve the three-year financial targets on the back of diversification, global scale and innovation leadership. Ciena is augmenting its Packet Networking portfolio with new Adaptive IP capabilities, coherent optics and purpose-built hardware platforms to enable service providers to capitalize on 5G. The stock has outperformed the industry in the past year on average. However, the company faces concentration risk as a major portion of its revenues comes from a few communications service providers. Ciena continues to struggle with intensifying competition from big players in the networking industry which hurt its top line. On a P/E (TTM) basis, the stock currently looks a bit overvalued compared to the S&P 500 composite." (12/19/2018)
  • 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?

Media stories about CIEN stock have been trending very positive this week, according to InfoTrie Sentiment. The research group identifies negative and positive media coverage by monitoring 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 closest to five being the most favorable. Ciena earned a media sentiment score of 3.2 on InfoTrie's scale. They also gave news stories about the communications equipment provider a news buzz of 4.0 out of 10, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the next few days.

Who are some of Ciena's key competitors?

Who are Ciena's key executives?

Ciena's management team includes the folowing people:
  • Dr. Patrick H. Nettles, Exec. Chairman (Age 76)
  • Mr. Gary B. Smith, CEO, Pres & Director (Age 59)
  • Mr. James E. Moylan Jr., CFO & Sr. VP of Fin. (Age 68)
  • Mr. Stephen B. Alexander, CTO, Sr. VP & Member of Technology Advisory Council (Age 60)
  • Mr. David M. Rothenstein, Sr. VP, Gen. Counsel & Sec. (Age 51)

Who are Ciena's major shareholders?

Ciena's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Peregrine Capital Management LLC (0.51%), Dalton Greiner Hartman Maher & Co. (0.45%), Retirement Systems of Alabama (0.29%), Advisors Capital Management LLC (0.08%), Sit Investment Associates Inc. (0.07%) and Dorsey Wright & Associates (0.03%). 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.

Which major investors are selling Ciena stock?

CIEN stock was sold by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, Retirement Systems of Alabama, Sit Investment Associates Inc., Dalton Greiner Hartman Maher & Co., Regent Investment Management LLC, Advisors Capital Management LLC, Louisiana State Employees Retirement System and Oakbrook Investments 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.

Which major investors are buying Ciena stock?

CIEN stock was purchased by a variety of institutional investors in the last quarter, including Dorsey Wright & Associates, First Citizens Bank & Trust Co., New England Research & Management Inc., Sheets Smith Wealth Management, Cerebellum GP LLC, Meeder Asset Management Inc., Campbell Newman Asset Management Inc. and First Hawaiian Bank. 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 $38.46.

How big of a company is Ciena?

Ciena has a market capitalization of $6.02 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.

What is Ciena's official website?

The official website for Ciena is http://www.ciena.com.

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)

Community Ranking:  3.4 out of 5 (star star star)
Outperform Votes:  997 (Vote Outperform)
Underperform Votes:  477 (Vote Underperform)
Total Votes:  1,474
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.
This page was last updated on 1/22/2019 by MarketBeat.com Staff

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