Ciena Stock Forecast, Price & News

21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last year. There are currently 5 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Ciena stock.
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Ciena saw a decrease in short interest in the month of January. As of January 15th, there was short interest totaling 4,610,000 shares, a decrease of 16.0% from the December 31st total of 5,490,000 shares. Based on an average daily trading volume, of 1,780,000 shares, the days-to-cover ratio is presently 2.6 days. Approximately 3.0% of the company's stock are sold short.
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Ciena is scheduled to release its next quarterly earnings announcement on Thursday, March 4th 2021.
View our earnings forecast for Ciena.

Ciena will be holding an earnings conference call on Thursday, March 4th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Ciena Co. (NYSE:CIEN) released its quarterly earnings results on Wednesday, December, 9th. The communications equipment provider reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by $0.03. The communications equipment provider had revenue of $828.50 million for the quarter, compared to the consensus estimate of $826.70 million. Ciena had a trailing twelve-month return on equity of 17.41% and a net margin of 10.23%. The company's revenue for the quarter was down 14.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.58 EPS.
View Ciena's earnings history.

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 (WHO). Since then, CIEN shares have increased by 34.4% and is now trading at $52.17.
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21 equities research analysts have issued 12 month price targets for Ciena's stock. Their forecasts range from $45.00 to $73.00. On average, they anticipate Ciena's stock price to reach $58.08 in the next twelve months. This suggests a possible upside of 11.3% from the stock's current price.
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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.

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), Plantronics (PLT), Ribbon Communications (RBBN), NETGEAR (NTGR) and Extreme Networks (EXTR).
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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).

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

Ciena's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.57%), Spring Creek Capital LLC (3.01%), Congress Asset Management Co. MA (2.33%), First Trust Advisors LP (1.88%), Alliancebernstein L.P. (1.70%) and Bank of New York Mellon Corp (1.57%). 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.

CIEN stock was sold by a variety of institutional investors in the last quarter, including Swedbank, Fort Pitt Capital Group LLC, Ion Asset Management Ltd., Ion Asset Management Ltd., Alliancebernstein L.P., Wells Fargo & Company MN, Phoenix Holdings Ltd., and CWM LLC. 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, James E Moylan, Jr, Patrick H Nettles, Rick Hamilton, Scott Mcfeely, and Stephen B Alexander.
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CIEN stock was bought by a variety of institutional investors in the last quarter, including Spring Creek Capital LLC, BlackRock Inc., Senvest Management LLC, Morgan Stanley, New York State Common Retirement Fund, Nuveen Asset Management LLC, Janus Henderson Group PLC, and Russell Investments Group Ltd..
View insider buying and selling activity for Ciena or or view top insider-buying stocks.

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.
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One share of CIEN stock can currently be purchased for approximately $52.17.

Ciena has a market capitalization of $8.09 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.

Ciena employs 7,032 workers across the globe.

The official website for Ciena is www.ciena.com.

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

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]