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MSFT   258.26 (+2.18%)
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GOOGL   106.30 (+5.84%)
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AMD   87.04 (+2.84%)
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PYPL   86.16 (+3.92%)
NFLX   359.24 (-0.76%)
QQQ   307.50 (+2.19%)
AAPL   148.76 (+2.29%)
MSFT   258.26 (+2.18%)
META   181.85 (+18.76%)
GOOGL   106.30 (+5.84%)
AMZN   110.17 (+4.77%)
TSLA   187.65 (+3.44%)
NVDA   212.54 (+1.48%)
NIO   11.91 (-1.57%)
BABA   108.96 (-3.42%)
AMD   87.04 (+2.84%)
T   20.11 (-0.35%)
MU   62.42 (-0.29%)
F   14.19 (+2.90%)
CGC   3.09 (+0.32%)
GE   82.34 (+0.02%)
DIS   109.86 (+0.43%)
AMC   6.16 (+7.88%)
PFE   43.78 (-0.43%)
PYPL   86.16 (+3.92%)
NFLX   359.24 (-0.76%)
NYSE:CIEN

Ciena - CIEN Stock Forecast, Price & News

$52.14
+0.11 (+0.21%)
(As of 02/2/2023 10:15 AM ET)
Add
Compare
Today's Range
$52.00
$52.55
50-Day Range
$42.62
$52.03
52-Week Range
$38.33
$71.06
Volume
173,414 shs
Average Volume
1.22 million shs
Market Capitalization
$7.74 billion
P/E Ratio
52.14
Dividend Yield
N/A
Price Target
$63.06

Ciena MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.87 Rating Score
Upside/​Downside
21.2% Upside
$63.06 Price Target
Short Interest
Healthy
2.70% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.77
Upright™ Environmental Score
News Sentiment
0.27mentions of Ciena in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$3.77 M Sold Last Quarter
Proj. Earnings Growth
51.49%
From $2.02 to $3.06 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.47 out of 5 stars

Computer And Technology Sector

122nd out of 614 stocks

Telephone & Telegraph Apparatus Industry

3rd out of 11 stocks


CIEN stock logo

About Ciena (NYSE:CIEN) Stock

Ciena Corp. engages in the provision of network and communication infrastructure. It operates through the following segments: Networking Platforms, Platform Software and Services, Blue Planet Automation Software and Services, and Global Services. The Networking Platforms segment consists of Converged Packet Optical and Packet Networking portfolios. The Platform Software and Services segment provides analytics, data, and planning tools to assist customers in managing Ciena's Networking Platforms products in their networks. The Blue Planet Automation Software and Services segment enables customers to implement large-scale software and IT-led OSS transformations by transforming legacy networks into “service ready“ networks. The Global Services segment offers a broad suite of value-added services. The company was founded by Patrick H. Nettles in November 1992 and is headquartered in Hanover, MD.

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CIEN Stock News Headlines

Gary B. Smith Sells 3,541 Shares of Ciena Co. (NYSE:CIEN) Stock
The Biggest "Missing Ingredient" in the $7 Trillion EV Market
China has owned the graphite market for decades. But the U.S. just added graphite to a list of super-critical minerals... "essential for America's National Defense." Perfect timing for a "made in America" graphite company looking to mine, manufacture, and recycle graphite for the booming electric car market.
Here's Why Investors Should Consider Buying Ciena (CIEN)
Profit From the Commercial Solar Boom?
Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered.
Needham Keeps Their Buy Rating on Ciena (CIEN)
2 Top Stocks Poised for Bull Runs in 2023
Time to Buy These 2 Tech Stocks for 2023?
Ciena Corporation: Q4 2022 Earnings Review, Hold
Ciena Full Year 2022 Earnings: Beats Expectations
Ciena stock jumps on top- and bottom-line beat
Here's What to Expect Ahead of Ciena's (CIEN) Q4 Earnings
See More Headlines
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CIEN Company Calendar

Last Earnings
12/08/2022
Today
2/02/2023
Next Earnings (Estimated)
3/06/2023
Fiscal Year End
10/31/2023

Industry, Sector and Symbol

Industry
Telephone & telegraph apparatus
Sub-Industry
Communications Equipment
CUSIP
17177930
Employees
8,079
Year Founded
1992

Price Target and Rating

Average Stock Price Forecast
$63.06
High Stock Price Forecast
$76.00
Low Stock Price Forecast
$45.00
Forecasted Upside/Downside
+20.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.87
Research Coverage
15 Analysts

Profitability

Net Income
$152.90 million
Pretax Margin
5.02%

Debt

Sales & Book Value

Annual Sales
$3.63 billion
Cash Flow
$2.36 per share
Book Value
$18.31 per share

Miscellaneous

Free Float
147,020,000
Market Cap
$7.74 billion
Optionable
Optionable
Beta
0.93

Social Links


Key Executives

  • Gary B. SmithGary B. Smith
    President, Chief Executive Officer & Director
  • James E. MoylanJames E. Moylan
    Chief Financial Officer & Senior Vice President
  • Stephen B. AlexanderStephen B. Alexander
    Chief Technology Officer & Senior Vice President
  • David Marc RothensteinDavid Marc Rothenstein
    Secretary, Chief Strategy Officer & Senior VP
  • Jane Hobbs
    Chief People Officer & Senior Vice President













CIEN Stock - Frequently Asked Questions

Should I buy or sell Ciena stock right now?

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last twelve months. There are currently 2 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CIEN shares.
View CIEN analyst ratings
or view top-rated stocks.

What is Ciena's stock price forecast for 2023?

15 analysts have issued 1 year price targets for Ciena's stock. Their CIEN share price forecasts range from $45.00 to $76.00. On average, they anticipate the company's stock price to reach $63.06 in the next twelve months. This suggests a possible upside of 21.2% from the stock's current price.
View analysts price targets for CIEN
or view top-rated stocks among Wall Street analysts.

How have CIEN shares performed in 2023?

Ciena's stock was trading at $50.98 on January 1st, 2023. Since then, CIEN shares have increased by 2.1% and is now trading at $52.03.
View the best growth stocks for 2023 here
.

Are investors shorting Ciena?

Ciena saw a increase in short interest in the month of December. As of December 30th, there was short interest totaling 3,900,000 shares, an increase of 9.9% from the December 15th total of 3,550,000 shares. Based on an average daily trading volume, of 1,890,000 shares, the short-interest ratio is currently 2.1 days. Approximately 2.7% of the company's shares are short sold.
View Ciena's Short Interest
.

When is Ciena's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, March 6th 2023.
View our CIEN earnings forecast
.

How were Ciena's earnings last quarter?

Ciena Co. (NYSE:CIEN) announced its quarterly earnings results on Thursday, December, 8th. The communications equipment provider reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.56. The communications equipment provider earned $971 million during the quarter, compared to analysts' expectations of $847.83 million. Ciena had a trailing twelve-month return on equity of 7.57% and a net margin of 4.21%. The firm's quarterly revenue was down 6.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.75 earnings per share.

What guidance has Ciena issued on next quarter's earnings?

Ciena updated its FY 2023 earnings guidance on Friday, December, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $4.21 billion-$4.29 billion, compared to the consensus revenue estimate of $4.04 billion.

What is Gary B. Smith's approval rating as Ciena's CEO?

581 employees have rated Ciena Chief Executive Officer Gary B. Smith on Glassdoor.com. Gary B. Smith has an approval rating of 95% among the company's employees. This puts Gary B. Smith in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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), 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 a number of retail and institutional investors. Top institutional investors include Congress Asset Management Co. MA (2.19%), Natixis Advisors L.P. (0.59%), Artemis Investment Management LLP (0.30%), Peregrine Capital Management LLC (0.24%), Boston Common Asset Management LLC (0.23%) and Trinity Street Asset Management LLP (0.21%). Insiders that own company stock include Andrew C Petrik, Andrew C Petrik, Bruce L Claflin, David M Rothenstein, David M Rothenstein, Gary B Smith, Gary B Smith, Gary E Dickerson, James E Moylan Jr, James E Moylan, Jr, Jason Phipps, Joseph Gebbia, Judith M Obrien, Patrick H Nettles, Rick Hamilton, Scott Mcfeely, Stephen B Alexander, Stephen B Alexander and Thomas Michael Nevens.
View institutional ownership trends
.

How do I buy shares of Ciena?

Shares of CIEN stock 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 $52.03.

How much money does Ciena make?

Ciena (NYSE:CIEN) has a market capitalization of $7.72 billion and generates $3.63 billion in revenue each year. The communications equipment provider earns $152.90 million in net income (profit) each year or $1.00 on an earnings per share basis.

How many employees does Ciena have?

The company employs 8,079 workers across the globe.

Does Ciena have any subsidiaries?
The following companies are subsidiares of Ciena: Akara, Astracom, Catena Networks, Centina Systems Inc, Ciena Canada ULC, Ciena Communications Inc, Ciena Communications Singapore PTE. LTD, Ciena Global Holding LP, Ciena Global Products Company LTD, Ciena Switzerland GMBH, DonRiver, Internet Photonics, Lightera, ONI Systems, Packet Design, PhyFlex Networks, Wavesmith Networks, World Wide Packets, and cyan.
Read More
How can I contact Ciena?

Ciena's mailing address is 7035 RIDGE ROAD, HANOVER MD, 21076. The official website for the company is www.ciena.com. The communications equipment provider can be reached via phone at (410) 694-5700, via email at ir@ciena.com, or via fax at 410-694-5750.

This page (NYSE:CIEN) was last updated on 2/2/2023 by MarketBeat.com Staff