NYSE:CIEN - Ciena Stock Price, News, & Analysis

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$40.21 +0.50 (+1.26 %)
(As of 02/15/2019 04:00 PM ET)
Previous Close$40.21
Today's Range$39.73 - $40.31
52-Week Range$22.94 - $40.31
Volume1.92 million shs
Average Volume2.41 million shs
Market Capitalization$6.29 billion
P/E Ratio35.90
Dividend YieldN/A
Beta1.03
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 Software and Software-Related Services segment offers multi-domain service orchestration, inventory, route optimization and assurance, network function virtualization orchestration, analytics, and related services; and OneControl unified management system and platform software services, as well as manage, control, and plan software. 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.

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Industry, Sector and Symbol

Industry Telephone & telegraph apparatus
Sub-IndustryCommunications Equipment
SectorComputer and Technology
CUSIP17177930
Phone410-694-5700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.09 billion
Cash Flow$2.0288 per share
Book Value$13.53 per share

Profitability

Net Income$-344,690,000.00

Miscellaneous

Employees6,013
Market Cap$6.29 billion
OptionableOptionable

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 declared that its Board of Directors has initiated a share buyback program on Thursday, December 7th 2017, which allows the company to buyback $300,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its stock is undervalued.

How were Ciena's earnings last quarter?

Ciena Co. (NYSE:CIEN) announced its quarterly earnings data on Thursday, December, 13th. The communications equipment provider reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.48 by $0.05. The communications equipment provider earned $889.40 million during the quarter, compared to the consensus estimate of $862.54 million. Ciena had a positive return on equity of 9.31% and a negative net margin of 11.14%. Ciena's quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.46 earnings per share. View Ciena's Earnings History.

When is Ciena's next earnings date?

Ciena is scheduled to release their next quarterly earnings announcement on Tuesday, March 5th 2019. View Earnings Estimates for Ciena.

How can I listen to Ciena's earnings call?

Ciena will be holding an earnings conference call on Tuesday, March 5th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

What price target have analysts set for CIEN?

22 Wall Street analysts have issued 12-month price objectives for Ciena's shares. Their predictions range from $23.00 to $45.00. On average, they expect Ciena's stock price to reach $37.2250 in the next twelve months. This suggests that the stock has a possible downside of 7.4%. 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 8 hold ratings and 14 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Ciena.

Has Ciena been receiving favorable news coverage?

Media stories about CIEN stock have trended somewhat negative on Saturday, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Ciena earned a coverage optimism score of -1.0 on InfoTrie's scale. They also assigned headlines about the communications equipment provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the near future.

Who are some of Ciena's key competitors?

Who are Ciena's key executives?

Ciena's management team includes the folowing people:
  • Dr. Patrick H. Nettles, Exec. Chairman (Age 76)
  • Mr. Gary B. Smith, CEO, Pres & Director (Age 59)
  • Mr. James E. Moylan Jr., CFO & Sr. VP of Fin. (Age 68)
  • Mr. Stephen B. Alexander, CTO, Sr. VP & Member of Technology Advisory Council (Age 60)
  • Mr. David M. Rothenstein, Sr. VP, Gen. Counsel & Sec. (Age 51)

Who are Ciena's major shareholders?

Ciena's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.44%), Bank of New York Mellon Corp (4.60%), Dimensional Fund Advisors LP (2.04%), Northern Trust Corp (1.97%), Thrivent Financial for Lutherans (1.87%) and LSV Asset Management (1.80%). Company insiders that own Ciena stock include Andrew C Petrik, David M Rothenstein, Francois Locoh-Donou, Gary B Smith, James E Moylan Jr, James E Moylan, Jr, James Frodsham, Jason Phipps, Judith M Obrien, 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 D. E. Shaw & Co. Inc., Shapiro Capital Management LLC, Bank of New York Mellon Corp, Millennium Management LLC, Mackay Shields LLC, Victory Capital Management Inc., Dimensional Fund Advisors LP and Managed Asset Portfolios LLC. 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 purchased by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, BlackRock Inc., Sadoff Investment Management LLC, Canada Pension Plan Investment Board, Mackenzie Financial Corp, Cookson Peirce & Co. Inc., Northern Trust Corp and Cavalry Management Group LLC. 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 $40.21.

How big of a company is Ciena?

Ciena has a market capitalization of $6.29 billion and generates $3.09 billion in revenue each year. The communications equipment provider earns $-344,690,000.00 in net income (profit) each year or $1.12 on an earnings per share basis. Ciena employs 6,013 workers across the globe.

What is Ciena's official website?

The official website for Ciena is http://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]


MarketBeat Community Rating for Ciena (NYSE CIEN)

Community Ranking:  3.4 out of 5 (star star star)
Outperform Votes:  1,006 (Vote Outperform)
Underperform Votes:  483 (Vote Underperform)
Total Votes:  1,489
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.
This page was last updated on 2/16/2019 by MarketBeat.com Staff

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