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NYSE:CIEN

Ciena Stock Forecast, Price & News

$61.82
+1.59 (+2.64%)
(As of 12/1/2021 10:28 AM ET)
Add
Compare
Today's Range
$61.47
$62.01
50-Day Range
$50.90
$62.03
52-Week Range
$43.63
$62.56
Volume
7,989 shs
Average Volume
1.24 million shs
Market Capitalization
$9.58 billion
P/E Ratio
20.96
Dividend Yield
N/A
Beta
0.83
30 days | 90 days | 365 days | Advanced Chart
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Ciena logo

About Ciena

Ciena Corp. engages in the provision of network and communication infrastructure. It operates through the following segments: Networking Platforms, Platform Software and Services, Blue Planet Automation Software and Services, and Global Services. The Networking Platforms segment consists of Converged Packet Optical and Packet Networking portfolios. The Platform Software and Services segment provides analytics, data, and planning tools to assist customers in managing Ciena's Networking Platforms products in their networks. The Blue Planet Automation Software and Services segment enables customers to implement large-scale software and IT-led OSS transformations by transforming legacy networks into “service ready“ networks. The Global Services segment offers a broad suite of value-added services. The company was founded by Patrick H. Nettles in November 1992 and is headquartered in Hanover, MD.

Headlines

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Industry, Sector and Symbol

Industry
Telephone & telegraph apparatus
Sub-Industry
Communications Equipment
CUSIP
17177930
Employees
7,032
Year Founded
1992

Sales & Book Value

Annual Sales
$3.53 billion
Cash Flow
$3.59 per share
Book Value
$16.26 per share

Profitability

Net Income
$361.29 million
Pretax Margin
12.30%

Debt

Price-To-Earnings

Miscellaneous

Free Float
153,442,000
Market Cap
$9.58 billion
Optionable
Optionable

Company Calendar

Last Earnings
9/01/2021
Today
12/01/2021
Next Earnings (Confirmed)
12/09/2021
Fiscal Year End
10/31/2022

Social Links


MarketRank

Overall MarketRank

2.02 out of 5 stars

Computer And Technology Sector

438th out of 888 stocks

Telephone & Telegraph Apparatus Industry

8th out of 19 stocks

Analyst Opinion: 1.3Community Rank: 5.0Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -












Ciena (NYSE:CIEN) Frequently Asked Questions

Is Ciena a buy right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Ciena stock.
View analyst ratings for Ciena
or view top-rated stocks.

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

Ciena's stock was trading at $38.83 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CIEN stock has increased by 59.2% and is now trading at $61.82.
View which stocks have been most impacted by COVID-19
.

Are investors shorting Ciena?

Ciena saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 3,330,000 shares, a decrease of 19.6% from the October 31st total of 4,140,000 shares. Based on an average daily trading volume, of 1,060,000 shares, the days-to-cover ratio is currently 3.1 days. Approximately 2.2% of the shares of the stock are short sold.
View Ciena's Short Interest
.

When is Ciena's next earnings date?

Ciena is scheduled to release its next quarterly earnings announcement on Thursday, December 9th 2021.
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 9th 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) released its quarterly earnings data on Wednesday, September, 1st. The communications equipment provider reported $0.92 EPS for the quarter, beating the consensus estimate of $0.79 by $0.13. The communications equipment provider had revenue of $988.10 million for the quarter, compared to analyst estimates of $969.41 million. Ciena had a trailing twelve-month return on equity of 13.32% and a net margin of 13.55%. The business's revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.06 EPS.
View Ciena's earnings history
.

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

Ciena issued an update on its fourth quarter 2021 earnings guidance on Friday, October, 1st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1 billion-$1.04 billion, compared to the consensus revenue estimate of $1.05 billion.

What price target have analysts set for CIEN?

9 equities research analysts have issued twelve-month price objectives for Ciena's stock. Their forecasts range from $50.00 to $70.00. On average, they expect Ciena's stock price to reach $60.44 in the next twelve months. This suggests that the stock has a possible downside of 2.2%.
View analysts' price targets for Ciena
or view top-rated stocks among Wall Street analysts.

Who are Ciena's key executives?

Ciena's management team includes the following people:
  • Gary B. Smith, President, Chief Executive Officer & Director
  • James E. Moylan, Chief Financial Officer & Senior Vice President (LinkedIn Profile)
  • Stephen B. Alexander, Chief Technology Officer & Senior Vice President
  • David Marc Rothenstein, Secretary, Senior Vice President & General Counsel
  • Jane Hobbs, Chief People Officer & Senior Vice President

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.

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 a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.86%), Congress Asset Management Co. MA (2.50%), Alliancebernstein L.P. (2.36%), FIL Ltd (1.98%), BNP Paribas Asset Management Holding S.A. (1.95%) and Wellington Management Group LLP (1.91%). Company insiders that own Ciena stock include Andrew C Petrik, Bruce L Claflin, David M Rothenstein, Gary B Smith, Gary B Smith, Gary E Dickerson, James E Moylan Jr, James E Moylan, Jr, Jason Phipps, Joseph Gebbia, 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 Franklin Resources Inc., Squarepoint Ops LLC, Goldman Sachs Group Inc., LSV Asset Management, New York State Common Retirement Fund, Invesco Ltd., Geode Capital Management LLC, and Assenagon Asset Management S.A.. 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, Joseph Gebbia, Rick Hamilton, Scott Mcfeely, and Stephen B Alexander.
View insider buying and selling activity for Ciena
or view top insider-selling stocks.

Which major investors are buying Ciena stock?

CIEN stock was bought by a variety of institutional investors in the last quarter, including BNP Paribas Asset Management Holding S.A., Alliancebernstein L.P., Jennison Associates LLC, Bank of New York Mellon Corp, Millennium Management LLC, Congress Asset Management Co. MA, Citadel Advisors LLC, and Thrivent Financial for Lutherans.
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.
Compare Top Brokerages Here.

What is Ciena's stock price today?

One share of CIEN stock can currently be purchased for approximately $61.82.

How much money does Ciena make?

Ciena has a market capitalization of $9.58 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 $2.95 on an earnings per share basis.

How many employees does Ciena have?

Ciena employs 7,032 workers across the globe.

Does Ciena have any subsidiaries?

The following companies are subsidiares of Ciena: Akara, Astracom, Catena Networks, Centina Systems, Ciena Canada Inc., Ciena Communications Inc., 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.

Where are Ciena's headquarters?

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

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.


This page was last updated on 12/1/2021 by MarketBeat.com Staff

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