NYSE:CIEN

Ciena Stock Forecast, Price & News

Most-Downgraded Stocks

$45.44

+0.64 (+1.43 %)

(As of 12/1/2020 12:00 AM ET)

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Today's Range

$44.45

Now: $45.44▼

$45.60

50-Day Range

$38.44

MA: $42.00▼

$44.80

52-Week Range

$30.58

Now: $45.44▼

$61.51

Volume2.01 million shs

Average Volume2.09 million shs

Market Capitalization$7.01 billion

P/E Ratio18.85

Dividend YieldN/A

Beta0.83

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 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 has collaboration with Infoblox Inc. The company was founded in 1992 and is headquartered in Hanover, Maryland.

Beat the Market (BTM) Rank^™

3.3 Analyst's Opinion

Consensus Rating
Ciena has received a consensus rating of Buy. The company's average rating score is 2.70, and is based on 17 buy ratings, 5 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $53.75, Ciena has a forecasted upside of 18.3% from its current price of $45.44.
Amount of Analyst Coverage
Ciena has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.3 Community Rank

Outperform Votes
Ciena has received 1,156 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Ciena has received 593 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Ciena has received 66.09% “outperform” votes from our community.

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.

0.0 Dividend Strength

Dividend Yield
Ciena does not currently pay a dividend.
Dividend Growth
Ciena does not have a long track record of dividend growth.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In 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 $1,376,728.00 in company stock.
Percentage Held by Insiders
Only 1.20% of the stock of Ciena is held by insiders.
Percentage Held by Institutions
81.63% of the stock of Ciena is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Ciena are expected to decrease by -11.45% in the coming year, from $2.62 to $2.32 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ciena is 18.85, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 21.88.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ciena is 18.85, 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 79.12.
Price to Earnings Growth Ratio
Ciena has a PEG Ratio of 1.20. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Ciena has a P/B Ratio of 3.23. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.91 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Telephone & telegraph apparatus

Sub-IndustryCommunications Equipment

SectorComputer and Technology

Current SymbolNYSE:CIEN

Previous Symbol

CUSIP17177930

CIK936395

Webwww.ciena.com

Phone410-694-5700

Employees6,383

Debt

Debt-to-Equity Ratio0.28

Current Ratio3.56

Quick Ratio3.06

Price-To-Earnings

Trailing P/E Ratio18.85

Forward P/E Ratio17.34

P/E Growth1.2

Sales & Book Value

Annual Sales$3.57 billion

Price / Sales1.96

Cash Flow$2.73 per share

Price / Cash Flow16.62

Book Value$14.05 per share

Price / Book3.23

Profitability

EPS (Most Recent Fiscal Year)$1.84

Net Income$253.43 million

Net Margins10.26%

Return on Equity17.93%

Return on Assets10.36%

Miscellaneous

Outstanding Shares154,320,000

Market Cap$7.01 billion

Next Earnings Date12/10/2020 (Confirmed)

OptionableOptionable

$45.44

+0.64 (+1.43 %)

(As of 12/1/2020 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Ciena (NYSE:CIEN) Frequently Asked Questions

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

Ciena's stock was trading at $38.83 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CIEN shares have increased by 17.0% and is now trading at $45.44.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Ciena?

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last year. There are currently 1 sell rating, 5 hold ratings and 17 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Ciena or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Ciena?

Wall Street analysts have given Ciena a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Ciena wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Ciena's next earnings date?

Ciena is scheduled to release its next quarterly earnings announcement on Thursday, December 10th 2020.
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 10th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Ciena's earnings last quarter?

Ciena Co. (NYSE:CIEN) issued its quarterly earnings data on Thursday, September, 3rd. The communications equipment provider reported $1.06 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.83 by $0.23. The communications equipment provider earned $976.70 million during the quarter, compared to analysts' expectations of $974.49 million. Ciena had a return on equity of 17.93% and a net margin of 10.26%. The company's quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.71 earnings per share.
View Ciena's earnings history.

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

Ciena updated its fourth quarter 2020 Pre-Market earnings guidance on Thursday, September, 3rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $800-840 million, compared to the consensus revenue estimate of $994.43 million.

What price target have analysts set for CIEN?

23 Wall Street analysts have issued 12 month price targets for Ciena's stock. Their forecasts range from $31.00 to $73.00. On average, they anticipate Ciena's share price to reach $53.75 in the next year. This suggests a possible upside of 18.3% from the stock's current price.
View analysts' price targets for Ciena.

Are investors shorting Ciena?

Ciena saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 2,570,000 shares, a decline of 16.3% from the October 31st total of 3,070,000 shares. Based on an average trading volume of 2,470,000 shares, the days-to-cover ratio is currently 1.0 days. Approximately 1.7% of the company's stock are sold short.
View Ciena's Short Interest.

Who are some of Ciena's key competitors?

Some companies that are related to Ciena include Cisco Systems (CSCO), QUALCOMM (QCOM), Motorola Solutions (MSI), Palo Alto Networks (PANW), F5 Networks (FFIV), Juniper Networks (JNPR), Viasat (VSAT), EchoStar (SATS), InterDigital (IDCC), Infinera (INFN), Calix (CALX), Plantronics (PLT), Ribbon Communications (RBBN), NETGEAR (NTGR) and Extreme Networks (EXTR).
View all competitors.

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), The Walt Disney (DIS) and Skyworks Solutions (SWKS).

Who are Ciena's key executives?

Ciena's management team includes the following people:

Dr. Patrick H. Nettles, Exec. Chairman (Age 77, Pay $177.91k)
Mr. Gary B. Smith, CEO, Pres & Director (Age 60, Pay $2.99M)
Mr. James E. Moylan Jr., Sr. VP of Fin. & CFO (Age 69, Pay $1.4M)
Mr. David M. Rothenstein, Sr. VP, Gen. Counsel & Sec. (Age 52, Pay $1.14M)
Mr. Jason M. Phipps, Sr. VP of Global Sales & Marketing (Age 48, Pay $1.22M)
Mr. Scott Alexander McFeely, Sr. VP of Global Products & Services (Age 56, Pay $1.16M)
Mr. Stephen B. Alexander, Sr. VP, CTO & Member of Technology Advisory Council (Age 61)
Mr. Gregg M. Lampf, VP of Investor Relations
Ms. Jane Hobbs, Chief HR Officer & Sr. VP
Mr. Matt Vesperman, Managing Director of Australia & New Zealand

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. (8.80%), Neuberger Berman Group LLC (2.37%), State Street Corp (2.36%), Congress Asset Management Co. MA (2.28%), First Trust Advisors LP (1.97%) and LSV Asset Management (1.47%). Company insiders that own Ciena stock include Andrew C Petrik, Bruce L Claflin, David M Rothenstein, Gary B Smith, James E Moylan Jr, James E Moylan, Jr, James Frodsham, Jason Phipps, Jean I Liu, Judith M Obrien, 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 BlackRock Inc., Charles Schwab Investment Management Inc., Thrivent Financial for Lutherans, Boston Partners, Rothschild & Co. Asset Management US Inc., Neuberger Berman Group LLC, Morgan Stanley, and Los Angeles Capital Management & Equity Research Inc.. Company insiders that have sold Ciena company stock in the last year include Andrew C Petrik, Bruce L Claflin, David M Rothenstein, Gary B Smith, James E Moylan, Jr, Patrick H Nettles, Rick Hamilton, Scott Mcfeely, Stephen B Alexander, and Thomas Michael Nevens.
View insider buying and selling activity for Ciena.

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., Hallmark Capital Management Inc., First Trust Advisors LP, DekaBank Deutsche Girozentrale, Voloridge Investment Management LLC, AQR Capital Management LLC, Artemis Investment Management LLP, and Acadian Asset Management LLC.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Ciena's stock price today?

One share of CIEN stock can currently be purchased for approximately $45.44.

How big of a company is Ciena?

Ciena has a market capitalization of $7.01 billion and generates $3.57 billion in revenue each year. The communications equipment provider earns $253.43 million in net income (profit) each year or $1.84 on an earnings per share basis. Ciena employs 6,383 workers across the globe.

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 or via email at [email protected]

This page was last updated on 12/1/2020 by MarketBeat.com Staff

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