Ciena Stock Forecast, Price & News

Ciena's stock was trading at $38.83 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CIEN stock has increased by 1.8% and is now trading at $39.54.
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24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last year. There are currently 1 sell rating, 5 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) announced its quarterly earnings results on Thursday, September, 3rd. The communications equipment provider reported $1.06 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.23. The communications equipment provider earned $976.70 million during the quarter, compared to analyst estimates of $974.49 million. Ciena had a return on equity of 17.93% and a net margin of 10.26%. The firm's quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.71 EPS.
View Ciena's earnings history.

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

24 equities research analysts have issued 1 year target prices 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 year. This suggests a possible upside of 37.2% from the stock's current price.
View analysts' price targets for Ciena.

Ciena saw a increase in short interest in September. As of September 15th, there was short interest totaling 3,690,000 shares, an increase of 25.9% from the August 31st total of 2,930,000 shares. Based on an average trading volume of 2,370,000 shares, the days-to-cover ratio is currently 1.6 days. Approximately 2.4% of the company's shares 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), F5 Networks (FFIV), Juniper Networks (JNPR), EchoStar (SATS), Viasat (VSAT), InterDigital (IDCC), Calix (CALX), Infinera (INFN), NETGEAR (NTGR), Plantronics (PLT), Harmonic (HLIT) and ADTRAN (ADTN).
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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), The 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 retail and institutional investors. Top institutional investors include LSV Asset Management (1.47%), Trinity Street Asset Management LLP (0.61%), Peregrine Capital Management LLC (0.41%), Paradigm Capital Management Inc. NY (0.26%), Retirement Systems of Alabama (0.24%) and Psagot Investment House Ltd. (0.23%). 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 Dalton Greiner Hartman Maher & Co., James Investment Research Inc., Toth Financial Advisory Corp, Alberta Investment Management Corp, CENTRAL TRUST Co, New Mexico Educational Retirement Board, Winslow Evans & Crocker Inc., and CWM 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, Patrick H Nettles, Rick Hamilton, Scott Mcfeely, Stephen B Alexander, and Thomas Michael Nevens.
View insider buying and selling activity for Ciena.

CIEN stock was bought by a variety of institutional investors in the last quarter, including Trinity Street Asset Management LLP, LSV Asset Management, Standard Life Aberdeen plc, Pacer Advisors Inc., Sycomore Asset Management, Asset Management Corp IL ADV, Rothschild Investment Corp IL, and Hudson Valley Investment Advisors Inc. ADV.
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 $39.54.

Ciena has a market capitalization of $6.10 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]