NYSE:CIEN

Ciena Stock Forecast, Price & News

$56.47

+0.26 (+0.46 %)

(As of 07/26/2021 12:33 PM ET)

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Today's Range

$56.34

▼

$56.78

50-Day Range

$51.90

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$60.77

52-Week Range

$38.03

▼

$61.51

Volume14,164 shs

Average Volume1.37 million shs

Market Capitalization$8.74 billion

P/E Ratio24.13

Dividend YieldN/A

Beta0.82

30 days | 90 days | 365 days | Advanced Chart

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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.

Insider Selling: Ciena Co. (NYSE:CIEN) CFO Sells 2,000 Shares of Stock
July 23, 2021 | americanbankingnews.com

Ciena Offers Attractive Upside Ahead Of A Reacceleration In Network Spending - Seeking Alpha
July 22, 2021 | seekingalpha.com

Global Data Center Interconnect Platforms Market Share 2021 Latest Trends, CAGR Value, Size, Growth Prospects, Future Demand and Forecast to 2025
July 19, 2021 | marketwatch.com

David M. Rothenstein Sells 2,500 Shares of Ciena Co. (NYSE:CIEN) Stock
July 16, 2021 | americanbankingnews.com

James E. Moylan, Jr. Sells 24,000 Shares of Ciena Co. (NYSE:CIEN) Stock
July 16, 2021 | americanbankingnews.com

Ciena (CIEN) Secures Multiple Contracts to Enhance Network Capacity - Yahoo Finance
July 14, 2021 | finance.yahoo.com

Is Ciena Corporation's (NYSE:CIEN) Recent Performance Tethered To Its Attractive Financial Prospects?
July 13, 2021 | nasdaq.com

Ciena Co. (NYSE:CIEN) CEO Sells $14,436,495.36 in Stock
July 13, 2021 | americanbankingnews.com

Hedge Funds Are Buying Ciena Corporation (CIEN) - Yahoo Finance
July 13, 2021 | finance.yahoo.com

Declining Stock and Solid Fundamentals: Is The Market Wrong About Ciena Corporation (NYSE:CIEN)?
July 13, 2021 | finance.yahoo.com

See More Headlines

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
Employees7,032
Year Founded1992

Sales & Book Value

Annual Sales$3.53 billion
Price / Sales2.47
Cash Flow$3.60 per share
Price / Cash Flow15.70
Book Value$16.26 per share
Price / Book3.47

Profitability

Debt

Price-To-Earnings

Miscellaneous

Outstanding Shares154,767,000
Market Cap$8.74 billion
Next Earnings Date9/2/2021 (Estimated)
OptionableOptionable

Social Links

MarketRank^™

Overall MarketRank^™

1.64 out of 5 stars

Computer And Technology Sector

599th out of 3,290 stocks

Telephone & Telegraph Apparatus Industry

9th out of 78 stocks

1.3 Analyst's Opinion

Consensus Rating
Ciena has received a consensus rating of Buy. The company's average rating score is 2.69, and is based on 9 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $58.17, Ciena has a forecasted upside of 2.6% from its current price of $56.67.
Amount of Analyst Coverage
Ciena has only been the subject of 3 research reports in the past 90 days.

3.3 Community Rank

Outperform Votes
Ciena has received 1,169 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Ciena has received 602 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Ciena has received 66.01% “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 $2,789,039.00 in company stock.
Percentage Held by Insiders
Only 0.96% of the stock of Ciena is held by insiders.
Percentage Held by Institutions
90.40% of the stock of Ciena is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Ciena are expected to grow by 8.47% in the coming year, from $2.48 to $2.69 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ciena is 24.22, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 22.57.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ciena is 24.22, 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 50.24.
Price to Earnings Growth Ratio
Ciena has a PEG Ratio of 1.40. 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 3.49. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Ciena (NYSE:CIEN) Frequently Asked Questions

Is Ciena a buy right now?

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last twelve months. There are currently 4 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Ciena stock.
View analyst ratings for Ciena or view top-rated stocks.

What stocks does MarketBeat like better than Ciena?

Wall Street analysts have given Ciena a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Ciena wasn't one of them. MarketBeat thinks these five companies 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, September 2nd 2021.
View our earnings forecast for Ciena.

How were Ciena's earnings last quarter?

Ciena Co. (NYSE:CIEN) posted its quarterly earnings data on Wednesday, June, 2nd. The communications equipment provider reported $0.62 EPS for the quarter, topping the Zacks' consensus estimate of $0.48 by $0.14. The communications equipment provider earned $833.90 million during the quarter, compared to analysts' expectations of $829.15 million. Ciena had a trailing twelve-month return on equity of 14.97% and a net margin of 10.77%. The company's quarterly revenue was down 6.7% on a year-over-year basis. During the same period last year, the business posted $0.76 earnings per share.
View Ciena's earnings history.

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

Ciena's stock was trading at $38.83 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CIEN stock has increased by 45.5% and is now trading at $56.49.
View which stocks have been most impacted by COVID-19.

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

Ciena issued an update on its FY 2021 earnings guidance on Friday, July, 2nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $3.53 billion-$3.64 billion, compared to the consensus revenue estimate of $3.59 billion.

What price target have analysts set for CIEN?

13 brokerages have issued 1 year price targets for Ciena's shares. Their forecasts range from $50.00 to $70.00. On average, they anticipate Ciena's stock price to reach $58.17 in the next year. This suggests a possible upside of 3.0% from the stock's current price.
View analysts' price targets for Ciena or view top-rated stocks among Wall Street analysts.

Who are Ciena's key executives?

Ciena's management team includes the following people:

Dr. Patrick H. Nettles, Exec. Chairman (Age 78, Pay $162.38k)
Mr. Gary B. Smith, CEO, Pres & Director (Age 61, Pay $2.12M)
Mr. James E. Moylan Jr., Sr. VP of Fin. & CFO (Age 70, Pay $1.06M)
Mr. David M. Rothenstein, Sr. VP, Gen. Counsel & Sec. (Age 53, Pay $890.18k)
Mr. Jason M. Phipps, Sr. VP of Global Customer Engagement (Age 49, Pay $954.34k)
Mr. Scott Alexander McFeely, Sr. VP of Global Products & Services (Age 57, Pay $912.55k)
Mr. Stephen B. Alexander, Sr. VP, CTO & Member of Technology Advisory Council (Age 62)
Mr. Gregg M. Lampf, VP of Investor Relations
Mr. Joseph R. Cumello, Sr. VP of Global Marketing & Communications (Age 49)
Ms. Jane Hobbs, Chief HR Officer & Sr. VP

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.

Who are some of Ciena's key competitors?

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

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 retail and institutional investors. Top institutional shareholders include LaFleur & Godfrey LLC (0.10%), Oregon Public Employees Retirement Fund (0.03%), SkyOak Wealth LLC (0.03%), Hohimer Wealth Management LLC (0.02%), New Mexico Educational Retirement Board (0.02%) and State of Alaska Department of Revenue (0.02%). Company insiders that own Ciena stock include Andrew C Petrik, Bruce L Claflin, David M Rothenstein, Gary B Smith, Gary B Smith, Gary E Dickerson, James E Moylan Jr, James E Moylan, Jr, Jason Phipps, Jean I Liu, Joseph Gebbia, Judith M Obrien, Patrick H Nettles, Rick Hamilton, Scott Mcfeely, Stephen B Alexander and Thomas Michael Nevens.
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 Hohimer Wealth Management LLC, Legacy Capital Partners Inc., SkyOak Wealth LLC, and State of Alaska Department of Revenue. 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, Joseph Gebbia, Patrick H Nettles, Rick Hamilton, 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 purchased by a variety of institutional investors in the last quarter, including New Mexico Educational Retirement Board, LaFleur & Godfrey LLC, and Oregon Public Employees Retirement Fund.
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 $56.49.

How much money does Ciena make?

Ciena has a market capitalization of $8.74 billion and generates $3.53 billion in revenue each year. The communications equipment provider earns $361.29 million in net income (profit) each year or $2.65 on an earnings per share basis.

How many employees does Ciena have?

Ciena employs 7,032 workers across the globe.

Does Ciena have any subsidiaries?

The following companies are subsidiares of Ciena: Akara, Astracom, Catena Networks, Centina Systems, Ciena Canada, Ciena Communications, 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.

Where are Ciena's headquarters?

Ciena is headquartered at 7035 RIDGE ROAD, HANOVER MD, 21076.

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 7/26/2021 by MarketBeat.com Staff

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