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NYSE:CIEN

Ciena Stock Forecast, Price & News

$39.54
-1.03 (-2.54 %)
(As of 10/27/2020 12:00 AM ET)
Add
Compare
Today's Range
$39.52
Now: $39.54
$40.67
50-Day Range
$38.82
MA: $41.26
$44.28
52-Week Range
$30.58
Now: $39.54
$61.51
Volume1.70 million shs
Average Volume2.13 million shs
Market Capitalization$6.10 billion
P/E Ratio16.41
Dividend YieldN/A
Beta0.89
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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Ciena logo

Beat the Market (BTM) Rank

Analyst Opinion: 4.4Community Rank: 3.3Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.11 out of 5 stars

Industry, Sector and Symbol

Industry Telephone & telegraph apparatus
Sub-IndustryCommunications Equipment
CUSIP17177930
Phone410-694-5700
Employees6,383

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.57 billion
Cash Flow$2.55 per share
Book Value$14.05 per share

Profitability

Net Income$253.43 million

Miscellaneous

Market Cap$6.10 billion
Next Earnings Date12/10/2020 (Estimated)
OptionableOptionable
$39.54
-1.03 (-2.54 %)
(As of 10/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Ciena (NYSE:CIEN) Frequently Asked Questions

How has Ciena's stock been impacted by COVID-19?

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.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Ciena?

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."
View analyst ratings for Ciena
.

When is Ciena's next earnings date?

Ciena is scheduled to release its next quarterly earnings announcement on Thursday, December 10th 2020.
View our earnings forecast for Ciena
.

How were Ciena's earnings last quarter?

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
.

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

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.

What price target have analysts set for CIEN?

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
.

Are investors shorting 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
.

Who are some of Ciena's key competitors?

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), The Walt Disney (DIS) and Skyworks Solutions (SWKS).

Who are Ciena's key executives?

Ciena's management team includes the following 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. David M. Rothenstein, Sr. VP, Gen. Counsel & Sec. (Age 51)
  • Mr. Rick L. Hamilton, Sr. VP of Blue Planet Software (Age 47)

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 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
.

Which institutional investors are selling Ciena stock?

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
.

Which institutional investors are buying Ciena stock?

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
.

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, Robinhood, Fidelity, and Charles Schwab.

What is Ciena's stock price today?

One share of CIEN stock can currently be purchased for approximately $39.54.

How big of a company is Ciena?

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.

What is Ciena's official website?

The official website for Ciena is 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]

This page was last updated on 10/27/2020 by MarketBeat.com Staff

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