Ciena (CIEN) Stock Forecast, Price & News

Ciena (NYSE:CIEN) Frequently Asked Questions

Is Ciena a buy right now?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last twelve months. There are currently 3 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Ciena stock.
View analyst ratings for Ciena or view top-rated stocks.

When is Ciena's next earnings date?

Ciena is scheduled to release its next quarterly earnings announcement on Thursday, June 2nd 2022.
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, June 2nd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Ciena's earnings last quarter?

Ciena Co. (NYSE:CIEN) announced its earnings results on Monday, March, 7th. The communications equipment provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by $0.01. The communications equipment provider earned $844.40 million during the quarter, compared to analyst estimates of $845.14 million. Ciena had a trailing twelve-month return on equity of 13.17% and a net margin of 13.23%. The business's quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.42 EPS.
View Ciena's earnings history.

What guidance has Ciena issued on next quarter's earnings?

Ciena updated its FY 2022 earnings guidance on Tuesday, April, 5th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $4.02 billion-$4.09 billion, compared to the consensus revenue estimate of $4.06 billion.

What price target have analysts set for CIEN?

14 analysts have issued twelve-month price objectives for Ciena's shares. Their forecasts range from $63.00 to $92.00. On average, they anticipate Ciena's stock price to reach $80.21 in the next year. This suggests a possible upside of 56.8% from the stock's current price.
View analysts' price targets for Ciena or view top-rated stocks among Wall Street analysts.

What are Wall Street analysts saying about Ciena stock?

Here are some recent quotes from research analysts about Ciena stock:

• 1. The company posted its third consecutive quarter with book-to-bill above parity and backlog rising $1B for the year to $2.2B, the analyst tells investors in a research note. Henderson further cites Ciena's "robust" guidance of 11%-13% revenue growth in 2022 while noting that this outlook still does not assume that the backlog is worked down or that supply chain issues would improve. " (12/10/2021)
• 2. According to Zacks Investment Research, "Ciena continues to benefit from diversification across customer segments and regions along with its technology leadership. The fundamental drivers of its business that include increased network traffic, demand for bandwidth and the adoption of cloud architectures remain strong. It has inked a deal with AT&T to acquire Vyatta virtual routing and switching technology. With a strong order flow and an increased backlog, Ciena’s increasingly differentiated position in the marketplace and a strong demand environment instill optimism. However, the COVID-19-led challenges persist around the globe along with the industry-wide supply-chain disruptions. Customer concentration has impeded the company’s top-line growth. Delays in product development also tend to affect its reputation and impair its ability to seize market opportunities." (11/2/2021)

Who are Ciena's key executives?

Ciena's management team includes the following people:

• Dr. Patrick H. Nettles, Exec. Chairman (Age 79, Pay $155.83k) (LinkedIn Profile)
• Mr. Gary B. Smith, CEO, Pres & Director (Age 62, Pay $2.86M)
• Mr. James E. Moylan Jr., Sr. VP of Fin. & CFO (Age 71, Pay $1.36M) (LinkedIn Profile)
• Mr. David M. Rothenstein, Sr. VP, Gen. Counsel & Sec. (Age 54, Pay $1.14M) (LinkedIn Profile)
• Mr. Jason M. Phipps, Sr. VP of Global Customer Engagement (Age 50, Pay $1.26M) (LinkedIn Profile)
• Mr. Scott Alexander McFeely, Sr. VP of Global Products & Services (Age 58, Pay $1.18M)
• Mr. Stephen B. Alexander, Sr. VP, CTO & Member of Technology Advisory Council (Age 63) (LinkedIn Profile)
• Mr. Gregg M. Lampf, VP of Investor Relations
• Mr. Joseph R. Cumello, Sr. VP of Global Marketing & Communications (Age 50)
• Ms. Jane Hobbs, Chief HR Officer & Sr. VP

What is Gary B. Smith's approval rating as Ciena's CEO?

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.

Who are some of Ciena's key competitors?

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), Harmonic (HLIT), ADTRAN (ADTN) and Digi International (DGII).
View all of CIEN's 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), Walt Disney (DIS) and Skyworks Solutions (SWKS).

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 institutional and retail investors. Top institutional investors include BlackRock Inc. (10.46%), Vanguard Group Inc. (9.44%), State Street Corp (2.77%), Congress Asset Management Co. MA (2.24%), Bank of New York Mellon Corp (1.78%) and BNP PARIBAS ASSET MANAGEMENT Holding S.A. (1.52%). 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, Joseph Gebbia, Judith M Obrien, Patrick H Nettles, Rick Hamilton, Scott Mcfeely, Stephen B Alexander 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 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 year include Andrew C Petrik, David M Rothenstein, Gary B Smith, Gary E Dickerson, James E Moylan Jr, James E Moylan, Jr, Jason Phipps, Judith M Obrien, Scott Mcfeely, and Stephen B Alexander.
View insider buying and selling activity for Ciena or view top insider-selling stocks.

Which institutional investors are buying Ciena stock?

CIEN stock was bought by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Woodline Partners LP, Weiss Multi Strategy Advisers LLC, BlackRock Inc., Giverny Capital Inc., Assenagon Asset Management S.A., Chiron Investment Management LLC, and Bank of New York Mellon Corp.
View insider buying and selling activity for Ciena or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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What is Ciena's stock price today?

One share of CIEN stock can currently be purchased for approximately $51.17.

How much money does Ciena make?

Ciena has a market capitalization of $7.78 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 $3.13 on an earnings per share basis.

How many employees does Ciena have?

Ciena employs 7,241 workers across the globe.

Does Ciena have any subsidiaries?

The following companies are subsidiares of Ciena: Akara, Astracom, Catena Networks, Centina Systems Inc, Ciena Canada ULC, Ciena Communications Inc, Ciena Communications Singapore PTE. LTD, Ciena Global Holding LP, Ciena Global Products Company LTD, Ciena Switzerland GMBH, DonRiver, Internet Photonics, Lightera, ONI Systems, Packet Design, PhyFlex Networks, Wavesmith Networks, World Wide Packets, and cyan.

When was Ciena founded?

Ciena was founded in 1992.

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, via email at [email protected], or via fax at 410-694-5750.