Top-Rated Stocks NYSE:CIEN Ciena - CIEN Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Ciena Co. Please log in to your account or sign up in order to add this asset to your watchlist. $50.32 -1.15 (-2.23%) (As of 02/3/2023 12:00 AM ET) Add Compare Share Share Today's Range$49.74▼$51.0650-Day Range$42.62▼$52.0352-Week Range$38.33▼$71.06Volume1.70 million shsAverage Volume1.24 million shsMarket Capitalization$7.47 billionP/E Ratio50.32Dividend YieldN/APrice Target$63.06 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Ciena MarketRank™ ForecastAnalyst RatingModerate Buy2.87 Rating ScoreUpside/Downside25.3% Upside$63.06 Price TargetShort InterestHealthy2.70% of Float Sold ShortDividend StrengthN/ASustainability-0.77Upright™ Environmental ScoreNews Sentiment0.43Based on 6 Articles This WeekInsider TradingSelling Shares$3.60 M Sold Last QuarterProj. Earnings Growth51.49%From $2.02 to $3.06 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.84 out of 5 starsComputer And Technology Sector53rd out of 610 stocksTelephone & Telegraph Apparatus Industry2nd out of 12 stocks 3.4 Analyst's Opinion Consensus RatingCiena has received a consensus rating of Buy. The company's average rating score is 2.87, and is based on 13 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $63.06, Ciena has a forecasted upside of 25.3% from its current price of $50.32.Amount of Analyst CoverageCiena has only been the subject of 3 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.70% of the float of Ciena has been sold short.Short Interest Ratio / Days to CoverCiena has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Ciena has recently increased by 1.28%, indicating that investor sentiment is decreasing. Previous Next 0.0 Dividend Strength Dividend YieldCiena does not currently pay a dividend.Dividend GrowthCiena does not have a long track record of dividend growth. Previous Next 3.9 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreCiena has received a 51.46% net impact score from Upright. The largest positive contribution comes from its "Knowledge infrastructure" impact, which is mostly driven by its "Routers", "Network switches", and "Telecommunications network engineering for 5G networks" products. See details.Environmental SustainabilityThe Environmental Impact score for Ciena is -0.77. Previous Next 2.5 News and Social Media Coverage News SentimentCiena has a news sentiment score of 0.43. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Ciena this week, compared to 5 articles on an average week.Search Interest21 people have searched for CIEN on MarketBeat in the last 30 days. This is an increase of 5% compared to the previous 30 days.MarketBeat FollowsOnly 3 people have added Ciena to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Ciena insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,600,768.00 in company stock.Percentage Held by InsidersOnly 0.94% of the stock of Ciena is held by insiders.Percentage Held by Institutions96.26% of the stock of Ciena is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Ciena are expected to grow by 51.49% in the coming year, from $2.02 to $3.06 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Ciena is 50.32, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.86.Price to Earnings Ratio vs. SectorThe P/E ratio of Ciena is 50.32, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 342.81.Price to Earnings Growth RatioCiena has a PEG Ratio of 1.66. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioCiena has a P/B Ratio of 2.75. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Ciena (NYSE:CIEN) StockCiena 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.Read More Receive CIEN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Ciena and its competitors with MarketBeat's FREE daily newsletter. Email Address CIEN Stock News HeadlinesFebruary 5, 2023 | americanbankingnews.comCiena Co. (NYSE:CIEN) Given Consensus Rating of "Moderate Buy" by AnalystsFebruary 3, 2023 | americanbankingnews.comThomas Michael Nevens Sells 21,737 Shares of Ciena Co. (NYSE:CIEN) StockFebruary 5, 2023 | Investor Place Media (Ad)Cash Holders STILL Aren't Taking Steps to PrepareStocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.January 31, 2023 | finance.yahoo.comIntelia, Ciena Selected to Boost Connectivity in French PolynesiaJanuary 27, 2023 | americanbankingnews.comGary B. Smith Sells 3,541 Shares of Ciena Co. (NYSE:CIEN) StockJanuary 27, 2023 | americanbankingnews.comCritical Analysis: Pineapple Energy (NASDAQ:PEGY) vs. Ciena (NYSE:CIEN)January 26, 2023 | finance.yahoo.comThose who invested in Ciena (NYSE:CIEN) five years ago are up 128%January 12, 2023 | marketwatch.comAccess Network Telecom Equipment Market 2023 : Regional Scope, Growth Statistics, Demand and Regional Outlook 2029February 5, 2023 | Wall Street Watch Dogs (Ad)A gold storm is coming…“We are in the early stages of a mania – the calm before the storm.”...January 12, 2023 | marketwatch.comMobile Network Telecom Equipment Market Segmentation, Future Trends, Growth Overview, Key Companies and Forecast by 2029January 12, 2023 | finance.yahoo.comHere's Why Investors Should Consider Buying Ciena (CIEN)January 11, 2023 | markets.businessinsider.comNeedham Keeps Their Buy Rating on Ciena (CIEN)January 10, 2023 | finance.yahoo.comCiena Corporation (NYSE:CIEN) Shares Could Be 50% Below Their Intrinsic Value EstimateJanuary 3, 2023 | marketwatch.comFiber Optic Connectivity Market Analysis Geography Trends, Demand and Forecasts 2030| Adtell Integration, Cisco Systems, Ciena CorporationDecember 28, 2022 | marketwatch.comNetwork As A Service (Naas) Market (New Report) to Witness A Pronounce Growth During 2023-2029 | 109 Pages ReportDecember 23, 2022 | marketwatch.comNetwork Automation and Orchestration Market Players to drive Merges and Acquisition Strategies to Expand Market Share, 2023-2029December 19, 2022 | finance.yahoo.comTipRanks ‘Perfect 10’ List: These 2 Top-Rated Stocks Could Be Long-Term WinnersDecember 15, 2022 | finance.yahoo.com2 Top Stocks Poised for Bull Runs in 2023December 14, 2022 | finance.yahoo.comCiena Corporation (NYSE:CIEN) Q4 2022 Earnings Call TranscriptDecember 14, 2022 | finance.yahoo.comDedicado Taps Ciena to Improve Connectivity Between Argentina and UruguayDecember 14, 2022 | finance.yahoo.comTime to Buy These 2 Tech Stocks for 2023?December 10, 2022 | seekingalpha.comCiena Corporation: Q4 2022 Earnings Review, HoldDecember 9, 2022 | finance.yahoo.comCiena soars past Wall Street expectations as supply chain issues easeDecember 9, 2022 | seekingalpha.comCiena Spikes On Improving Supply, And The Backlog Remains RobustDecember 9, 2022 | finance.yahoo.comCiena Full Year 2022 Earnings: Beats ExpectationsDecember 8, 2022 | finance.yahoo.comCiena Reports Fiscal Fourth Quarter 2022 and Year-End Financial ResultsDecember 8, 2022 | finance.yahoo.comCiena stock jumps on top- and bottom-line beatSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive CIEN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Ciena and its competitors with MarketBeat's FREE daily newsletter. Email Address CIEN Company Calendar Last Earnings12/08/2022Today2/05/2023Next Earnings (Estimated)3/06/2023Fiscal Year End10/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Telephone & telegraph apparatus Sub-IndustryCommunications Equipment SectorComputer and Technology Current SymbolNYSE:CIEN CUSIP17177930 CIK936395 Webwww.ciena.com Phone(410) 694-5700Fax410-694-5750Employees8,079Year Founded1992Price Target and Rating Average Stock Price Forecast$63.06 High Stock Price Forecast$76.00 Low Stock Price Forecast$45.00 Forecasted Upside/Downside+25.3%Consensus RatingModerate Buy Rating Score (0-4)2.87 Research Coverage15 Analysts Profitability EPS (Most Recent Fiscal Year)$1.00 Trailing P/E Ratio50.32 Forward P/E Ratio24.91 P/E Growth1.66Net Income$152.90 million Net Margins4.21% Pretax Margin5.02% Return on Equity7.57% Return on Assets4.19% Debt Debt-to-Equity Ratio0.39 Current Ratio3.25 Quick Ratio2.34 Sales & Book Value Annual Sales$3.63 billion Price / Sales2.06 Cash Flow$2.36 per share Price / Cash Flow21.36 Book Value$18.31 per share Price / Book2.75Miscellaneous Outstanding Shares148,410,000Free Float147,020,000Market Cap$7.47 billion OptionableOptionable Beta0.93 Social Links Key ExecutivesGary B. SmithPresident, Chief Executive Officer & DirectorJames E. MoylanChief Financial Officer & Senior Vice PresidentStephen B. AlexanderChief Technology Officer & Senior Vice PresidentDavid Marc RothensteinSecretary, Chief Strategy Officer & Senior VPJane HobbsChief People Officer & Senior Vice PresidentKey CompetitorsFabrinetNYSE:FNWESCO InternationalNYSE:WCCClarivateNYSE:CLVTIridium CommunicationsNASDAQ:IRDMSamsaraNYSE:IOTView All CompetitorsInsiders & InstitutionsHancock Whitney CorpSold 645 shares on 2/3/2023Ownership: 0.021%Fiducient Advisors LLCBought 8,700 shares on 2/3/2023Ownership: 0.006%Ellevest Inc.Bought 954 shares on 2/3/2023Ownership: 0.003%Profund Advisors LLCSold 1,274 shares on 2/2/2023Ownership: 0.018%ProShare Advisors LLCBought 390 shares on 2/2/2023Ownership: 0.009%View All Insider TransactionsView All Institutional Transactions CIEN Stock - Frequently Asked Questions Should I buy or sell Ciena stock right now? 15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last twelve months. There are currently 2 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CIEN shares. View CIEN analyst ratings or view top-rated stocks. What is Ciena's stock price forecast for 2023? 15 brokers have issued 1 year target prices for Ciena's shares. Their CIEN share price forecasts range from $45.00 to $76.00. On average, they predict the company's stock price to reach $63.06 in the next year. This suggests a possible upside of 25.3% from the stock's current price. View analysts price targets for CIEN or view top-rated stocks among Wall Street analysts. How have CIEN shares performed in 2023? Ciena's stock was trading at $50.98 at the start of the year. Since then, CIEN stock has decreased by 1.3% and is now trading at $50.32. View the best growth stocks for 2023 here. Are investors shorting Ciena? Ciena saw a increase in short interest during the month of December. As of December 30th, there was short interest totaling 3,900,000 shares, an increase of 9.9% from the December 15th total of 3,550,000 shares. Based on an average daily volume of 1,890,000 shares, the short-interest ratio is currently 2.1 days. Currently, 2.7% of the company's shares are short sold. View Ciena's Short Interest. When is Ciena's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, March 6th 2023. View our CIEN earnings forecast. How were Ciena's earnings last quarter? Ciena Co. (NYSE:CIEN) announced its quarterly earnings results on Thursday, December, 8th. The communications equipment provider reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of ($0.07) by $0.56. The communications equipment provider had revenue of $971 million for the quarter, compared to the consensus estimate of $847.83 million. Ciena had a net margin of 4.21% and a trailing twelve-month return on equity of 7.57%. The company's quarterly revenue was down 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.75 earnings per share. What guidance has Ciena issued on next quarter's earnings? Ciena issued an update on its FY 2023 earnings guidance on Friday, December, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $4.21 billion-$4.29 billion, compared to the consensus revenue estimate of $4.04 billion. What is Gary B. Smith's approval rating as Ciena's CEO? 581 employees have rated Ciena Chief Executive Officer Gary B. Smith on Glassdoor.com. Gary B. Smith has an approval rating of 95% among the company'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 many different institutional and retail investors. Top institutional shareholders include Congress Asset Management Co. MA (2.19%), Natixis Advisors L.P. (0.59%), Kornitzer Capital Management Inc. KS (0.33%), Artemis Investment Management LLP (0.30%), Congress Wealth Management LLC DE (0.25%) and Peregrine Capital Management LLC (0.24%). Insiders that own company 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, Stephen B Alexander and Thomas Michael Nevens. View institutional ownership trends. How do I buy shares of Ciena? Shares of CIEN stock 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 $50.32. How much money does Ciena make? Ciena (NYSE:CIEN) has a market capitalization of $7.47 billion and generates $3.63 billion in revenue each year. The communications equipment provider earns $152.90 million in net income (profit) each year or $1.00 on an earnings per share basis. How many employees does Ciena have? The company employs 8,079 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.Read More How can I contact Ciena? Ciena's mailing address is 7035 RIDGE ROAD, HANOVER MD, 21076. The official website for the company is www.ciena.com. The communications equipment provider can be reached via phone at (410) 694-5700, via email at ir@ciena.com, or via fax at 410-694-5750. This page (NYSE:CIEN) was last updated on 2/5/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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