Ciena Stock Forecast, Price & News

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last twelve months. There are currently 5 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Ciena stock.
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Ciena saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 4,050,000 shares, an increase of 31.9% from the February 28th total of 3,070,000 shares. Based on an average daily trading volume, of 1,510,000 shares, the days-to-cover ratio is presently 2.7 days. Currently, 2.7% of the shares of the stock are sold short.
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Ciena is scheduled to release its next quarterly earnings announcement on Thursday, June 3rd 2021.
View our earnings forecast for Ciena.

Ciena Co. (NYSE:CIEN) released its quarterly earnings data on Wednesday, March, 3rd. The communications equipment provider reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.45 by $0.07. The communications equipment provider earned $757.10 million during the quarter, compared to the consensus estimate of $750.24 million. Ciena had a trailing twelve-month return on equity of 17.41% and a net margin of 10.23%. The company's revenue was down 9.1% on a year-over-year basis. During the same period last year, the company earned $0.52 earnings per share.
View Ciena's earnings history.

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 46.5% and is now trading at $56.87.
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Ciena updated its second quarter 2021 After-Hours earnings guidance on Thursday, March, 4th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $810-840 million, compared to the consensus revenue estimate of $828.23 million.

20 brokerages have issued twelve-month price targets for Ciena's shares. Their forecasts range from $50.00 to $73.00. On average, they expect Ciena's share price to reach $59.03 in the next twelve months. This suggests a possible upside of 3.8% from the stock's current price.
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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 Networks (FFIV), Juniper Networks (JNPR), Viasat (VSAT), Calix (CALX), EchoStar (SATS), InterDigital (IDCC), Infinera (INFN), Plantronics (PLT), Ribbon Communications (RBBN), NETGEAR (NTGR) and Extreme Networks (EXTR).
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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 many different institutional and retail investors. Top institutional shareholders include Fort Pitt Capital Group LLC (0.76%), Retirement Systems of Alabama (0.29%), Hohimer Wealth Management LLC (0.04%), Harbour Capital Advisors LLC (0.03%), Louisiana State Employees Retirement System (0.03%) and Rothschild Investment Corp IL (0.02%). Company insiders that own Ciena stock include Andrew C Petrik, Bruce L Claflin, David M Rothenstein, Gary B Smith, 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., Pacer Advisors Inc., Optimum Investment Advisors, State of Alaska Department of Revenue, Canandaigua National Corp, and First Citizens Bank & Trust Co.. 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, James E Moylan, Jr, Jason Phipps, Patrick H Nettles, Rick Hamilton, Scott Mcfeely, and Stephen B Alexander.
View insider buying and selling activity for Ciena or view top insider-selling stocks.

CIEN stock was bought by a variety of institutional investors in the last quarter, including Retirement Systems of Alabama, Fort Pitt Capital Group LLC, Hohimer Wealth Management LLC, Strategic Investment Advisors MI, YorkBridge Wealth Partners LLC, Louisiana State Employees Retirement System, Rothschild Investment Corp IL, and FDx Advisors Inc..
View insider buying and selling activity for Ciena or or view top insider-buying stocks.

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 $56.87.

Ciena has a market capitalization of $8.82 billion and generates $3.53 billion in revenue each year. The communications equipment provider earns $361.29 million in net income (profit) each year or $2.65 on an earnings per share basis.

Ciena employs 7,042 workers across the globe.

The following companies are subsidiares of Ciena: Akara, Astracom, Catena Networks, Centina Systems, Ciena Canada, Ciena Communications, Cyan, DonRiver, Internet Photonics, Lightera, ONI Systems, Packet Design, PhyFlex Networks, Wavesmith Networks, and World Wide Packets.

Ciena was founded in 1992.

The official website for Ciena is www.ciena.com.

Ciena is headquartered at 7035 RIDGE ROAD, HANOVER MD, 21076.

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]