Ciena - CIEN Stock Forecast, Price & News

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last twelve months. There are currently 3 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CIEN shares.
View CIEN analyst ratings or view top-rated stocks.

18 equities research analysts have issued 12 month price objectives for Ciena's stock. Their CIEN share price forecasts range from $45.00 to $88.00. On average, they expect the company's share price to reach $65.32 in the next twelve months. This suggests a possible upside of 61.6% from the stock's current price.
View analysts price targets for CIEN or view top-rated stocks among Wall Street analysts.

Ciena's stock was trading at $76.97 on January 1st, 2022. Since then, CIEN stock has decreased by 47.5% and is now trading at $40.43.
View the best growth stocks for 2022 here.

Ciena saw a increase in short interest in September. As of September 15th, there was short interest totaling 4,980,000 shares, an increase of 31.4% from the August 31st total of 3,790,000 shares. Based on an average trading volume of 1,530,000 shares, the days-to-cover ratio is presently 3.3 days. Approximately 3.4% of the shares of the stock are short sold.
View Ciena's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, December 8th 2022.
View our CIEN earnings forecast.

Ciena Co. (NYSE:CIEN) posted its earnings results on Thursday, September, 1st. The communications equipment provider reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.21 by $0.03. The communications equipment provider had revenue of $867.30 million for the quarter, compared to analyst estimates of $903.95 million. Ciena had a net margin of 5.37% and a trailing twelve-month return on equity of 8.91%. The business's quarterly revenue was down 12.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.81 EPS.

Ciena updated its fourth quarter 2022 earnings guidance on Thursday, September, 29th. The company provided EPS guidance of for the period. The company issued revenue guidance of $800.00 million-$880.00 million, compared to the consensus revenue estimate of $1.07 billion.

581 employees have rated Ciena Chief Executive Officer Gary B. Smith on Glassdoor.com. Gary B. Smith has an approval rating of 95% among the company's employees. This puts Gary B. Smith in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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).

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

Shares of CIEN stock 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 $40.43.

Ciena (NYSE:CIEN) has a market capitalization of $5.99 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 $1.27 on an earnings per share basis.

The company employs 7,241 workers across the globe.

Ciena's mailing address is 7035 RIDGE ROAD, HANOVER MD, 21076. The official website for the company is www.ciena.com. The communications equipment provider can be reached via phone at (410) 694-5700, via email at ir@ciena.com, or via fax at 410-694-5750.