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NYSE:CIEN

Ciena Stock Forecast, Price & News

Most-Downgraded Stocks  
$45.44
+0.64 (+1.43 %)
(As of 12/1/2020 12:00 AM ET)
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Today's Range
$44.45
Now: $45.44▼
$45.60
50-Day Range
$38.44
MA: $42.00▼
$44.80
52-Week Range
$30.58
Now: $45.44▼
$61.51
Volume2.01 million shs
Average Volume2.09 million shs
Market Capitalization$7.01 billion
P/E Ratio18.85
Dividend YieldN/A
Beta0.83
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 Blue Planet Automation Software and Services segment provides multi-domain service orchestration, inventory, route optimization and analysis, network function virtualization orchestration, analytics, and related services. Its Platform Software and Service segment offers OneControl unified management system and platform software services, as well as manage, control, and plan software. The company's 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 has collaboration with Infoblox Inc. The company was founded in 1992 and is headquartered in Hanover, Maryland.
Ciena logo

Beat the Market (BTM) Rank™

Analyst Opinion: 3.3Community Rank: 3.3Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

1.91 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
Employees6,383

Debt

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

Price-To-Earnings

Trailing P/E Ratio18.85
Forward P/E Ratio17.34
P/E Growth1.2

Sales & Book Value

Annual Sales$3.57 billion
Price / Sales1.96
Cash Flow$2.73 per share
Price / Cash Flow16.62
Book Value$14.05 per share
Price / Book3.23

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

Outstanding Shares154,320,000
Market Cap$7.01 billion
Next Earnings Date12/10/2020 (Confirmed)
OptionableOptionable
$45.44
+0.64 (+1.43 %)
(As of 12/1/2020 12:00 AM 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?

Ciena's stock was trading at $38.83 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CIEN shares have increased by 17.0% and is now trading at $45.44.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Ciena?

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last year. There are currently 1 sell rating, 5 hold ratings and 17 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Ciena or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Ciena?

Wall Street analysts have given Ciena a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Ciena wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

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 can I listen to Ciena's earnings call?

Ciena will be holding an earnings conference call on Thursday, December 10th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Ciena's earnings last quarter?

Ciena Co. (NYSE:CIEN) issued its quarterly earnings data 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 earned $976.70 million during 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 quarter last year, the business earned $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?

23 equities research analysts have issued 1-year price objectives for Ciena's shares. Their forecasts range from $31.00 to $73.00. On average, they anticipate Ciena's share price to reach $53.75 in the next year. This suggests a possible upside of 18.3% from the stock's current price.
View analysts' price targets for Ciena.

Are investors shorting Ciena?

Ciena saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 2,570,000 shares, a drop of 16.3% from the October 31st total of 3,070,000 shares. Based on an average daily trading volume, of 2,470,000 shares, the short-interest ratio is presently 1.0 days. Currently, 1.7% of the shares of the stock 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), F5 Networks (FFIV), Juniper Networks (JNPR), Viasat (VSAT), EchoStar (SATS), InterDigital (IDCC), Infinera (INFN), Calix (CALX), Plantronics (PLT), Ribbon Communications (RBBN), NETGEAR (NTGR) 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 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).

Who are Ciena's key executives?

Ciena's management team includes the following people:
  • Dr. Patrick H. Nettles, Exec. Chairman (Age 77, Pay $177.91k)
  • Mr. Gary B. Smith, CEO, Pres & Director (Age 60, Pay $2.99M)
  • Mr. James E. Moylan Jr., Sr. VP of Fin. & CFO (Age 69, Pay $1.4M)
  • Mr. David M. Rothenstein, Sr. VP, Gen. Counsel & Sec. (Age 52, Pay $1.14M)
  • Mr. Jason M. Phipps, Sr. VP of Global Sales & Marketing (Age 48, Pay $1.22M)
  • Mr. Scott Alexander McFeely, Sr. VP of Global Products & Services (Age 56, Pay $1.16M)
  • Mr. Stephen B. Alexander, Sr. VP, CTO & Member of Technology Advisory Council (Age 61)
  • Mr. Gregg M. Lampf, VP of Investor Relations
  • Ms. Jane Hobbs, Chief HR Officer & Sr. VP
  • Mr. Matt Vesperman, Managing Director of Australia & New Zealand

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 investors include BlackRock Inc. (8.80%), Neuberger Berman Group LLC (2.37%), State Street Corp (2.36%), Congress Asset Management Co. MA (2.28%), First Trust Advisors LP (1.97%) and LSV Asset Management (1.47%). 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 BlackRock Inc., Charles Schwab Investment Management Inc., Thrivent Financial for Lutherans, Boston Partners, Rothschild & Co. Asset Management US Inc., Neuberger Berman Group LLC, Morgan Stanley, and Los Angeles Capital Management & Equity Research Inc.. 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, Patrick H Nettles, Rick Hamilton, 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 BNP PARIBAS ASSET MANAGEMENT Holding S.A., Hallmark Capital Management Inc., First Trust Advisors LP, DekaBank Deutsche Girozentrale, Voloridge Investment Management LLC, AQR Capital Management LLC, Artemis Investment Management LLP, and Acadian Asset Management LLC.
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 $45.44.

How big of a company is Ciena?

Ciena has a market capitalization of $7.01 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 12/2/2020 by MarketBeat.com Staff
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