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NYSE:CIEN

Ciena (CIEN) Stock Forecast, Price & News

$51.17
-2.48 (-4.62%)
(As of 05/18/2022 12:00 AM ET)
Add
Compare
Today's Range
$50.77
$53.37
50-Day Range
$50.46
$61.90
52-Week Range
$49.52
$78.28
Volume
905,132 shs
Average Volume
1.57 million shs
Market Capitalization
$7.78 billion
P/E Ratio
16.35
Dividend Yield
N/A
Beta
0.86
30 days | 90 days | 365 days | Advanced Chart
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Ciena logo

About Ciena

Ciena Corporation provides network hardware, software, and services that support the transport, routing, 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 products and solutions that 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, and the 6500 Reconfigurable line system, and the 5400 family of Packet-Optical platforms, 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 was founded in 1992 and is headquartered in Hanover, Maryland.

Headlines

3 Ways to Invest in 5G Growth (CIEN)
Investors have several ways to invest in companies that have significant exposure to 5G, from service providers to equipment makers to materials specialists. These three stocks each represent unique ways to connect to the 5G revolution.
CIEN July 1st Options Begin Trading
Oversold Conditions For Ciena - Nasdaq
Gary B. Smith Sells 3,542 Shares of Ciena Co. (NYSE:CIEN) Stock
See More Headlines

Industry, Sector and Symbol

Industry
Telephone & telegraph apparatus
Sub-Industry
Communications Equipment
CUSIP
17177930
Employees
7,241
Year Founded
1992

Sales & Book Value

Annual Sales
$3.62 billion
Cash Flow
$3.29 per share
Book Value
$19.50 per share

Profitability

Net Income
$500.20 million
Pretax Margin
12.15%

Debt

Price-To-Earnings

Miscellaneous

Free Float
150,696,000
Market Cap
$7.78 billion
Optionable
Optionable

Company Calendar

Last Earnings
3/07/2022
Today
5/18/2022
Next Earnings (Confirmed)
6/02/2022
Fiscal Year End
10/31/2022

Social Links


MarketRank

Overall MarketRank

2.68 out of 5 stars

Computer And Technology Sector

123rd out of 930 stocks

Telephone & Telegraph Apparatus Industry

2nd out of 17 stocks

Analyst Opinion: 3.4Community Rank: 5.0Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 2.5 5 -4 -3 -2 -1 -













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:
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 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.
Compare Top Brokerages Here.

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.

This page was last updated on 5/18/2022 by MarketBeat.com Staff

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