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NYSE:CIENCiena Stock Price, Forecast & News

$54.97
-1.19 (-2.12 %)
(As of 07/10/2020 04:00 PM ET)
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Today's Range
$54.27
Now: $54.97
$56.15
50-Day Range
$51.72
MA: $54.02
$56.57
52-Week Range
$30.58
Now: $54.97
$57.53
Volume1.72 million shs
Average Volume1.65 million shs
Market Capitalization$8.44 billion
P/E Ratio26.81
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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Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 3.3Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.58 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.57 billion
Cash Flow$2.66 per share
Book Value$14.05 per share

Profitability

Net Income$253.43 million

Miscellaneous

Employees6,383
Market Cap$8.44 billion
Next Earnings Date9/3/2020 (Estimated)
OptionableOptionable

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Ciena (NYSE:CIEN) Frequently Asked Questions

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

Ciena's stock was trading at $38.83 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CIEN stock has increased by 41.6% and is now trading at $54.97. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Ciena?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last year. There are currently 1 sell rating, 4 hold ratings and 15 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, September 3rd 2020. View our earnings forecast for Ciena.

How were Ciena's earnings last quarter?

Ciena Co. (NYSE:CIEN) released its quarterly earnings results on Thursday, June, 4th. The communications equipment provider reported $0.76 EPS for the quarter, beating the Zacks' consensus estimate of $0.49 by $0.27. The communications equipment provider earned $894 million during the quarter, compared to analysts' expectations of $889.42 million. Ciena had a net margin of 8.78% and a return on equity of 16.18%. The firm's quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.48 earnings per share. View Ciena's earnings history.

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

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

What price target have analysts set for CIEN?

20 brokers have issued 1-year target prices for Ciena's shares. Their forecasts range from $31.00 to $73.00. On average, they expect Ciena's stock price to reach $57.00 in the next twelve months. This suggests a possible upside of 3.7% from the stock's current price. View analysts' price targets for Ciena.

Has Ciena been receiving favorable news coverage?

News coverage about CIEN stock has trended very negative on Monday, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Ciena earned a news impact score of -3.2 on InfoTrie's scale. They also gave news coverage about the communications equipment provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news about Ciena.

Are investors shorting Ciena?

Ciena saw a decline in short interest in June. As of June 30th, there was short interest totaling 3,450,000 shares, a decline of 27.2% from the June 15th total of 4,740,000 shares. Based on an average trading volume of 2,070,000 shares, the days-to-cover ratio is currently 1.7 days. Approximately 2.3% of the shares of the company are sold short. View Ciena's Current Options Chain.

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 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).

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 institutional and retail investors. Top institutional shareholders include Dalton Greiner Hartman Maher & Co. (0.28%), Envestnet Asset Management Inc. (0.08%), Patriot Financial Group Insurance Agency LLC (0.01%), Mount Yale Investment Advisors LLC (0.01%), Hudson Valley Investment Advisors Inc. ADV (0.01%) and Tatro Capital LLC (0.00%). 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 buying Ciena stock?

CIEN stock was acquired by a variety of institutional investors in the last quarter, including Dalton Greiner Hartman Maher & Co., Patriot Financial Group Insurance Agency LLC, Hudson Valley Investment Advisors Inc. ADV, Envestnet Asset Management Inc., Tatro Capital LLC, Canandaigua National Corp, Mount Yale Investment Advisors LLC, and Ellevest Inc.. 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 $54.97.

How big of a company is Ciena?

Ciena has a market capitalization of $8.44 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 7/13/2020 by MarketBeat.com Staff

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