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NYSE:CIEN

Ciena Stock Forecast, Price & News

$39.29
-1.82 (-4.43 %)
(As of 09/23/2020 03:59 PM ET)
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Compare
Today's Range
$38.95
Now: $39.29▼
$40.99
50-Day Range
$40.58
MA: $52.75▼
$60.99
52-Week Range
$30.58
Now: $39.29▼
$61.51
Volume131,973 shs
Average Volume2.17 million shs
Market Capitalization$6.06 billion
P/E Ratio16.30
Dividend YieldN/A
Beta0.78
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

Stock Exchange NYSE
Industry Telephone & telegraph apparatus
Sub-IndustryCommunications Equipment
SectorComputer and Technology
Current SymbolNYSE:CIEN
Previous Symbol
CUSIP17177930
CIK936395
Webwww.ciena.com
Phone410-694-5700

Debt

Debt-to-Equity Ratio0.28
Current Ratio3.56
Quick Ratio3.06

Price-To-Earnings

Trailing P/E Ratio16.30
Forward P/E Ratio14.88
P/E Growth0.97

Sales & Book Value

Annual Sales$3.57 billion
Price / Sales1.70
Cash Flow$2.55 per share
Price / Cash Flow15.40
Book Value$15.74 per share
Price / Book2.50

Profitability

EPS (Most Recent Fiscal Year)$1.84
Net Income$253.43 million
Net Margins10.26%
Return on Equity17.93%
Return on Assets10.36%

Miscellaneous

Employees6,383
Outstanding Shares154,320,000
Market Cap$6.06 billion
Next Earnings Date12/10/2020 (Estimated)
OptionableOptionable
$39.29
-1.82 (-4.43 %)
(As of 09/23/2020 03:59 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Ciena (NYSE:CIEN) Frequently Asked Questions

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

Ciena's stock was trading at $38.83 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CIEN shares have increased by 1.3% and is now trading at $39.33.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Ciena?

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last year. There are currently 1 sell rating, 3 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) posted its earnings results on Thursday, September, 3rd. The communications equipment provider reported $1.06 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.83 by $0.23. The communications equipment provider had revenue of $976.70 million for the quarter, compared to analyst estimates of $974.49 million. Ciena had a net margin of 10.26% and a return on equity of 17.93%. The business's quarterly revenue was up 1.7% compared to the same quarter last year. During the same period last year, the business posted $0.71 earnings per share.
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 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?

22 brokers have issued 12-month price targets for Ciena's stock. Their forecasts range from $31.00 to $73.00. On average, they anticipate Ciena's share price to reach $54.25 in the next year. This suggests a possible upside of 37.9% from the stock's current price.
View analysts' price targets for Ciena.

Are investors shorting Ciena?

Ciena saw a drop in short interest in August. As of August 31st, there was short interest totaling 2,930,000 shares, a drop of 26.6% from the August 15th total of 3,990,000 shares. Based on an average daily trading volume, of 2,260,000 shares, the days-to-cover ratio is presently 1.3 days. Currently, 1.9% of the company's shares are short sold.
View Ciena's Short Interest.

Who are some of Ciena's key competitors?

Some companies that are related to Ciena include Cisco Systems (CSCO), QUALCOMM (QCOM), Motorola Solutions (MSI), Palo Alto Networks (PANW), Juniper Networks (JNPR), F5 Networks (FFIV), Echostar (SATS), ViaSat (VSAT), InterDigital Wireless (IDCC), Infinera (INFN), Calix (CALX), NetGear (NTGR), Harmonic (HLIT), Ribbon Communications (RBBN) and Extreme Networks (EXTR).
View all 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 Micron Technology (MU), NVIDIA (NVDA), Advanced Micro Devices (AMD), Bank of America (BAC), Intel (INTC), Alibaba Group (BABA), QUALCOMM (QCOM), Cisco Systems (CSCO), Skyworks Solutions (SWKS) and Walt Disney (DIS).

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 many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.55%), FMR LLC (4.03%), Neuberger Berman Group LLC (2.54%), Congress Asset Management Co. MA (2.23%), First Trust Advisors LP (1.79%) and Bank of New York Mellon Corp (1.74%). 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 major investors are selling Ciena stock?

CIEN stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Emerald Advisers LLC, AQR Capital Management LLC, Thrivent Financial for Lutherans, First Trust Advisors LP, APG Asset Management N.V., Bank of America Corp DE, and Neuberger Berman Group 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, Jason Phipps, Patrick H Nettles, Scott Mcfeely, Stephen B Alexander, and Thomas Michael Nevens.
View insider buying and selling activity for Ciena.

Which major investors are buying Ciena stock?

CIEN stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Congress Asset Management Co. MA, Nuveen Asset Management LLC, Natixis Advisors L.P., Stephens Investment Management Group LLC, Prudential Financial Inc., Point72 Asset Management L.P., and Charles Schwab Investment Management 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 $39.33.

How big of a company is Ciena?

Ciena has a market capitalization of $6.07 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 9/23/2020 by MarketBeat.com Staff
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