Ciena Stock Forecast, Price & News

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last year. There are currently 2 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" Ciena stock.
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16 brokerages have issued twelve-month price targets for Ciena's shares. Their CIEN stock forecasts range from $51.00 to $88.00. On average, they expect Ciena's share price to reach $73.71 in the next twelve months. This suggests a possible upside of 57.0% from the stock's current price.
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Ciena's stock was trading at $76.97 at the beginning of 2022. Since then, CIEN stock has decreased by 39.0% and is now trading at $46.94.
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Ciena is scheduled to release its next quarterly earnings announcement on Thursday, September 1st 2022.
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Ciena Co. (NYSE:CIEN) posted its earnings results on Thursday, June, 2nd. The communications equipment provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by $0.04. The communications equipment provider had revenue of $949.20 million for the quarter, compared to analysts' expectations of $950.86 million. Ciena had a net margin of 11.15% and a trailing twelve-month return on equity of 12.18%. Ciena's revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.52 earnings per share.
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Ciena updated its third quarter 2022 earnings guidance on Friday, June, 24th. The company provided EPS guidance of for the period. The company issued revenue guidance of $870.00 million-$930.00 million, compared to the consensus revenue estimate of $1.08 billion.

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

Some companies that are related to Ciena include Cisco Systems (CSCO), QUALCOMM (QCOM), Palo Alto Networks (PANW), Motorola Solutions (MSI), F5 (FFIV), Juniper Networks (JNPR), Viasat (VSAT), Calix (CALX), InterDigital (IDCC), EchoStar (SATS), Extreme Networks (EXTR), Infinera (INFN), ADTRAN (ADTN), Harmonic (HLIT) and Digi International (DGII).
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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), 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 number of institutional and retail investors. Top institutional investors include BlackRock Inc. (10.46%), Vanguard Group Inc. (9.44%), State Street Corp (2.77%), Neuberger Berman Group LLC (2.32%), Congress Asset Management Co. MA (2.24%) and Bank of America Corp DE (1.97%). Company insiders that own Ciena 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, Jean I Liu, Joseph Gebbia, Judith M Obrien, Judith M Obrien, Patrick H Nettles, Rick Hamilton, Scott Mcfeely, Stephen B Alexander, Stephen B Alexander and Thomas Michael Nevens.
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CIEN stock was sold by a variety of institutional investors in the last quarter, including Shapiro Capital Management LLC, Invesco Ltd., First Trust Advisors LP, BNP PARIBAS ASSET MANAGEMENT Holding S.A., Eventide Asset Management LLC, Trinity Street Asset Management LLP, Fort Pitt Capital Group LLC, and Charles Schwab Investment Management Inc.. Company insiders that have sold Ciena company stock in the last two years include Andrew C Petrik, Bruce L Claflin, David M Rothenstein, 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, and Stephen B Alexander.
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CIEN stock was acquired by a variety of institutional investors in the last quarter, including Capital World Investors, Acadian Asset Management LLC, Woodline Partners LP, Weiss Multi Strategy Advisers LLC, BlackRock Inc., Giverny Capital Inc., Assenagon Asset Management S.A., and Chiron Investment Management LLC.
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Shares of CIEN 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.
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One share of CIEN stock can currently be purchased for approximately $46.94.

Ciena (NYSE:CIEN) has a market capitalization of $7.03 billion and generates $3.62 billion in revenue each year. The communications equipment provider earns $500.20 million in net income (profit) each year or $2.72 on an earnings per share basis.

Ciena employs 7,241 workers across the globe.

Ciena was founded in 1992.

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