Ciena Corporation Company Profile (NYSE:CIEN)

Ciena Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "CIEN."

Ciena Corporation (NYSE:CIEN) released its quarterly earnings results on Thursday, August, 31st. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.02. The firm had revenue of $728.70 million for the quarter, compared to analysts' expectations of $726.81 million. Ciena Corporation had a net margin of 4.99% and a return on equity of 25.53%. The business's quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.42 earnings per share. View Ciena Corporation's Earnings History.

Ciena Corporation is scheduled to release their next quarterly earnings announcement on Thursday, December, 14th 2017. View Earnings Estimates for Ciena Corporation.

22 brokers have issued 12-month price targets for Ciena Corporation's shares. Their forecasts range from $22.00 to $35.00. On average, they expect Ciena Corporation's stock price to reach $29.78 in the next year. View Analyst Ratings for Ciena Corporation.

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

• 1. According to Zacks Investment Research, "Ciena reported impressive third-quarter fiscal 2017 results. Both earnings and revenues were better than the Zacks Consensus Estimate and improved on a year-over-year basis. The results showed that the company’s diversified product portfolio is helping it to expand its customer base. We note that Ciena’s WaveServer platform gained significant traction in the reported quarter. The company is well poised to gain in the optical data center interconnect (DCI) market. Besides developing 5G technologies for service providers and Fiber Deep cable MSO customers, the company will also have a positive role to play in further fiber densification of the network. Moreover, strong international growth opportunity particularly in the Asia-Pacific market is positive in our view. However, intensifying competition, uncertainty related to government business and macroeconomic volatility are major headwinds." (9/8/2017)
• 2. B. Riley analysts commented, "We believe the headwind is mainly due to various M&A activity among service providers, which we believe will be diminishing in the next quarter or two.  NA Telco. T and VZ were 10% customers, representing 28% of sales, and we expect both to trend up in FY18 as they are in the early stages of metro upgrade cycles.  WaveServer. The WaveServer product line had a record revenue quarter in F3Q, and is on pace to exceed $100MM in FY17 (less than $10MM in FY16). We believe CIEN is gaining market share from ADVA (ADV.DE; N/R) at Amazon (AMZN; N/R).  APAC. Led by India, APAC was up 41.6% Y/Y and represented 15.9% of sales." (8/29/2017)
• 3. Deutsche Bank AG analysts commented, "Our latest channel checks is basis for our caution on CIEN's ability to drive a meaningful FY18+ revenue stream from sales of their DSP silicon into 400G Module opportunities. Several of CIEN's OEM peers ' e.g. Huawei, ZTE, CSCO, etc view CIEN as a competitor ' limiting the sales and design win trajectory of CIEN DSP powered modules." (3/24/2017)
• 4. Needham & Company LLC analysts commented, "Ciena is opening its WaveLogic Ai DSP chipset to third party vendors in a move to open its architecture and compete with other third-party chip sets. We think this is a brilliant move by Ciena and we consider it to be a gamechanging event in the optical space. In a stroke Ciena has made its platforms more open and while adding additional opportunities for high-margin revenues. The initial partners for this strategic initiative are Oclaro, Lumentum and NeoPhotonics. We are surprised that Finisar was not included and suspect that it could likely be a partner down the line." (3/21/2017)

Some companies that are related to Ciena Corporation include EchoStar Corporation (SATS), ARRIS International PLC (ARRS), Brocade Communications Systems (BRCD), ViaSat (VSAT), Lumentum Holdings (LITE), Belden (BDC), InterDigital (IDCC), Finisar Corporation (FNSR), Viavi Solutions (VIAV), West Corporation (WSTC), Acacia Communications (ACIA), Oclaro (OCLR), Plantronics (PLT), Applied Optoelectronics (AAOI), Infinera Corporation (INFN), ADTRAN (ADTN), Vocera Communications (VCRA) and Sierra Wireless (SWIR).

Ciena Corporation's management team includes the folowing people:

• Patrick H. Nettles Ph.D., Executive Chairman of the Board
• Gary Brian Smith, President, Chief Executive Officer, Director
• James E. Moylan Jr., Chief Financial Officer, Senior Vice President
• Stephen B. Alexander, Senior Vice President, Chief Technology Officer
• Marcus Starke, Senior Vice President, Chief Marketing Officer
• David M. Rothenstein, Senior Vice President, General Counsel and Secretary
• James A. Frodsham, Chief Strategy Officer, Senior Vice President
• Andrew C. Petrik, Vice President, Controller
• Harvey Berry Cash, Lead Independent Director
• William D. Fathers, Director

Ciena Corporation's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.81%), Vanguard Group Inc. (8.79%), Bank of New York Mellon Corp (8.25%), TIAA CREF Investment Management LLC (4.69%), Teachers Advisors LLC (3.28%) and State Street Corp (3.28%). Company insiders that own Ciena Corporation stock include Andrew C Petrik, Bruce L Claflin, David M Rothenstein, Francois Locoh-Donou, Gary B Smith, Harvey B Cash, James E Moylan Jr, James E Moylan, Jr, James Frodsham, Jason Phipps, Judith M Obrien, Marcus H Starke, Patrick Gallagher, Philippe Morin, Rick Hamilton, Scott Mcfeely and Stephen B Alexander. View Institutional Ownership Trends for Ciena Corporation.

Ciena Corporation's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Riverhead Capital Management LLC, Thrivent Financial For Lutherans, TIAA CREF Investment Management LLC, Renaissance Technologies LLC, Schroder Investment Management Group, Westfield Capital Management Co. LP and BlackRock Inc.. Company insiders that have sold Ciena Corporation stock in the last year include Andrew C Petrik, David M Rothenstein, Francois Locoh-Donou, Gary B Smith, Harvey B Cash, James E Moylan, Jr, James Frodsham, Jason Phipps, Judith M Obrien, Patrick Gallagher, Rick Hamilton, Scott Mcfeely and Stephen B Alexander. View Insider Buying and Selling for Ciena Corporation.

Ciena Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Artemis Investment Management LLP, FIL Ltd, Zweig DiMenna Associates LLC, Quentec Asset Management LLC, Honeywell International Inc., Voya Investment Management LLC, Quantitative Investment Management LLC and Royal Bank of Canada. View Insider Buying and Selling for Ciena Corporation.

Shares of Ciena Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Ciena Corporation stock can currently be purchased for approximately $21.50.