Ciena Corporation provides hardware, software, and services that support the transport, switching, aggregation, service delivery, and management of voice, video, and data 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 and the 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 4200 Advanced Services Platform, 5100/5200 Advanced Services Platform, Common Photonic Layer, and 6100 Multiservice Optical Platform. 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 network management solutions, including the OneControl Unified Management System, ON-Center Network & Service Management Suite, Ethernet Services Manager, Optical Suite Release, and Planet Operate; and Blue Planet network virtualization, service orchestration, and network management software platform, as well as related installation, support, and consulting services. 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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Telephone & telegraph apparatus
Sub-IndustryCommunications Equipment
SectorComputer and Technology
SymbolNYSE:CIEN
CUSIP17177930
Phone410-694-5700
Debt
Debt-to-Equity Ratio0.34
Current Ratio2.01
Quick Ratio1.77
Price-To-Earnings
Trailing P/E Ratio17.93
Forward P/E Ratio26.99
P/E Growth1.73
Sales & Book Value
Annual Sales$2.80 billion
Price / Sales1.36
Cash Flow$2.5327 per share
Price / Cash10.55
Book Value$14.97 per share
Price / Book1.78
Profitability
EPS (Most Recent Fiscal Year)$1.49
Net Income$1.26 billion
Net Margins26.69%
Return on Equity9.92%
Return on Assets4.78%
Miscellaneous
Employees5,737
Outstanding Shares142,830,000
Market Cap$3.73 billion
Ciena (NYSE:CIEN) Frequently Asked Questions
What is Ciena's stock symbol?
Ciena trades on the New York Stock Exchange (NYSE) under the ticker symbol "CIEN."
How will Ciena's stock buyback program work?
Ciena announced that its board has authorized a stock repurchase plan on Thursday, December 7th 2017, which authorizes the company to repurchase $300,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's management believes its stock is undervalued.
How were Ciena's earnings last quarter?
Ciena Co. (NYSE:CIEN) issued its quarterly earnings data on Thursday, May, 31st. The communications equipment provider reported $0.23 EPS for the quarter, missing the consensus estimate of $0.30 by $0.07. The communications equipment provider had revenue of $730 million for the quarter, compared to analysts' expectations of $726.38 million. Ciena had a return on equity of 9.92% and a net margin of 26.69%. Ciena's revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.45 earnings per share. View Ciena's Earnings History.
When is Ciena's next earnings date?
What price target have analysts set for CIEN?
22 brokerages have issued 1 year target prices for Ciena's stock. Their predictions range from $22.00 to $34.00. On average, they anticipate Ciena's stock price to reach $29.50 in the next year. This suggests a possible upside of 10.4% from the stock's current price. View Analyst Price Targets for Ciena.
What is the consensus analysts' recommendation for Ciena?
22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last year. There are currently 3 hold ratings and 19 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Ciena.
What are Wall Street analysts saying about Ciena stock?
Here are some recent quotes from research analysts about Ciena stock:
- 1. According to Zacks Investment Research, "Ciena reported mixed financial results in the second quarter of fiscal 2018. The company’s revenues are expected to benefit from rising demand for packet-optical transport and switching products, integrated network and service management software. It is increasingly investing in the data and optical fiber market to serve rising bandwidth demand. Growing usage of service management software in the global communication market remains a key catalyst. However, the stock has underperformed the industry in the past three months on an average. Ciena faces huge concentration risk as a major portion of its revenues is concentrated among a few, large global communications service providers. The company competes against much larger players in the networking industry and has a small share of the market relative to many of its competitors. Ciena also looks a bit overvalued compared with the industry in the past three months." (6/6/2018)
- 2. Nomura analysts commented, "F2Q sales meet expectations, but soft margins drive EPS miss. Webscale hit a record 17% of sales and lifted sales to $730mn, just above consensus. EMEA and APAC are also healthy, though AT&T and Verizon seem uninspired. The low-margin new wins and weak software mix drove a 220bps QoQ gross margin decline. This limited $0.23, which was well below consensus of $0.30. Revenue picture brightens; Ciena lifts 2018 guidance to 7-9% growth. Record 2Q webscale and India orders allowed Ciena to offer F3Q guidance of $790mn. This is well above consensus of $769mn. Ciena’s new 7-9% 2018 outlook exceeds its prior >5% view; its 5-7% three-year view is steady. Share gains require lower margins… for now. Ciena strengthened its share gain story by citing eight Tier 1 telco competitive wins this year and a second straight strong webscale quarter." (6/1/2018)
Who are some of Ciena's key competitors?
Some companies that are related to Ciena include Plantronics (PLT), Avaya (AVYA), NetGear (NTGR), Telkom SA Ltd ADS Common Stock (TLKGY), Fabrinet (FN), Infinera (INFN), ADTRAN (ADTN), AudioCodes (AUDC), Clearfield (CLFD), Akoustis Technologies (AKTS), DASAN Zhone Solutions (DZSI), Westell Technologies (WSTL), Zoom Telephonics (ZMTP), Communications Systems (JCS) and Sunworks (SUNW).
Who are Ciena's key executives?
Ciena's management team includes the folowing people:
- Dr. Patrick H. Nettles, Exec. Chairman (Age 75)
- Mr. Gary B. Smith, CEO, Pres & Director (Age 58)
- Mr. James E. Moylan Jr., CFO & Sr. VP of Fin. (Age 67)
- Mr. Stephen B. Alexander, CTO, Sr. VP & Member of Technology Advisory Council (Age 59)
- Mr. David M. Rothenstein, Sr. VP, Gen. Counsel & Sec. (Age 50)
Has Ciena been receiving favorable news coverage?
Media coverage about CIEN stock has trended somewhat positive recently, according to Accern Sentiment Analysis. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Ciena earned a news and rumor sentiment score of 0.20 on Accern's scale. They also assigned headlines about the communications equipment provider an impact score of 46.22 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the next several days. View Recent Headlines for Ciena.
Who are Ciena's major shareholders?
Ciena's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.36%), Dimensional Fund Advisors LP (3.24%), LSV Asset Management (1.91%), Victory Capital Management Inc. (1.51%), Boston Partners (1.38%) and Bank of America Corp DE (1.07%). Company insiders that own Ciena stock include Andrew C Petrik, David M Rothenstein, Francois Locoh-Donou, Gary B Smith, Harvey B Cash, James E Moylan Jr, James E Moylan, Jr, James Frodsham, Jason Phipps, Judith M Obrien, Marcus H Starke, Patrick Gallagher, Rick Hamilton, Scott Mcfeely and Stephen B Alexander. 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 Renaissance Technologies LLC, FMR LLC, SG Americas Securities LLC, American Century Companies Inc., Peregrine Capital Management LLC, Bank of America Corp DE, Broadview Advisors LLC and State of New Jersey Common Pension Fund D. Company insiders that have sold Ciena company stock in the last year include Andrew C Petrik, David M Rothenstein, Gary B Smith, James E Moylan Jr, James E Moylan, Jr, James Frodsham, Jason Phipps, Patrick Gallagher, Rick Hamilton, Scott Mcfeely and Stephen B Alexander. View Insider Buying and Selling for Ciena.
Which institutional investors are buying Ciena stock?
CIEN stock was bought by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., LSV Asset Management, Dalton Greiner Hartman Maher & Co., Emerald Advisers Inc. PA, Emerald Mutual Fund Advisers Trust, Aperio Group LLC, Point72 Asset Management L.P. and Canada Pension Plan Investment Board. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Ciena's stock price today?
One share of CIEN stock can currently be purchased for approximately $26.72.
How big of a company is Ciena?
Ciena has a market capitalization of $3.73 billion and generates $2.80 billion in revenue each year. The communications equipment provider earns $1.26 billion in net income (profit) each year or $1.49 on an earnings per share basis. Ciena employs 5,737 workers across the globe.
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]
MarketBeat Community Rating for Ciena (NYSE CIEN)
MarketBeat's community ratings are surveys of what our community members think about Ciena and other stocks. Vote "Outperform" if you believe CIEN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CIEN will underperform the S&P 500 over the long term. You may vote once every thirty days.
