NYSE:CIENCiena Stock Price, Forecast & 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 shares have increased by 54.8% and is now trading at $60.09.
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21 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 17 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, September 3rd 2020.
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Ciena Co. (NYSE:CIEN) released its quarterly earnings data on Thursday, June, 4th. The communications equipment provider reported $0.76 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.49 by $0.27. The communications equipment provider had revenue of $894 million for the quarter, compared to the consensus estimate of $889.42 million. Ciena had a return on equity of 16.18% and a net margin of 8.78%. The business's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.48 earnings per share.
View Ciena's earnings history.

Ciena updated its third quarter 2020 After-Hours earnings guidance on Thursday, June, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $955-985 million, compared to the consensus revenue estimate of $969.26 million.

21 brokerages have issued 12 month price targets for Ciena's stock. Their forecasts range from $31.00 to $73.00. On average, they anticipate Ciena's share price to reach $57.40 in the next year. This suggests that the stock has a possible downside of 4.5%.
View analysts' price targets for Ciena.

Media headlines about CIEN stock have been trending somewhat negative on Wednesday, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive press coverage by analyzing more than six thousand blog and news sources. 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 news sentiment score of -1.0 on InfoTrie's scale. They also assigned media stories about the communications equipment provider a news buzz of 5.0 out of 10, meaning that recent press coverage is somewhat likely to have an impact on the company's share price in the near term.
View the latest news about Ciena.

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

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

Ciena's stock is owned by many different institutional and retail investors. Top institutional shareholders include Congress Asset Management Co. MA (2.23%), First Trust Advisors LP (1.79%), Menora Mivtachim Holdings LTD. (1.01%), BNP PARIBAS ASSET MANAGEMENT Holding S.A. (0.56%), Peregrine Capital Management LLC (0.41%) and Kornitzer Capital Management Inc. KS (0.37%). 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 Emerald Advisers LLC, First Trust Advisors LP, BNP PARIBAS ASSET MANAGEMENT Holding S.A., Peregrine Capital Management LLC, Retirement Systems of Alabama, Hancock Whitney Corp, Robeco Institutional Asset Management B.V., and Ziegler Capital Management 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, Jean I Liu, Judith M Obrien, Patrick H Nettles, Scott Mcfeely, Stephen B Alexander, and Thomas Michael Nevens.
View insider buying and selling activity for Ciena.

CIEN stock was acquired by a variety of institutional investors in the last quarter, including Congress Asset Management Co. MA, Stanley Laman Group Ltd., Beacon Investment Advisory Services Inc., Dalton Greiner Hartman Maher & Co., Moody Lynn & Lieberson LLC, James Investment Research Inc., Kornitzer Capital Management Inc. KS, and Sumitomo Mitsui Trust Holdings 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 $60.09.

Ciena has a market capitalization of $9.22 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]