Top-Rated Stocks NYSE:CIEN Ciena - CIEN Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Ciena Co. Please log in to your account or sign up in order to add this asset to your watchlist. $48.61 -0.62 (-1.26%) (As of 03/27/2023 12:00 AM ET) Add Compare Share Share Today's Range$48.35▼$50.0050-Day Range$46.18▼$52.0352-Week Range$38.33▼$61.97Volume1.50 million shsAverage Volume1.63 million shsMarket Capitalization$7.25 billionP/E Ratio39.84Dividend YieldN/APrice Target$64.00 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Ciena MarketRank™ ForecastAnalyst RatingModerate Buy2.87 Rating ScoreUpside/Downside31.7% Upside$64.00 Price TargetShort InterestHealthy2.64% of Float Sold ShortDividend StrengthN/ASustainability-0.77Upright™ Environmental ScoreNews Sentiment0.50Based on 5 Articles This WeekInsider TradingSelling Shares$3.46 M Sold Last QuarterProj. Earnings Growth50.72%From $2.07 to $3.12 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.3.34 out of 5 starsComputer And Technology Sector15th out of 614 stocksTelephone & Telegraph Apparatus Industry1st out of 11 stocks 4.4 Analyst's Opinion Consensus RatingCiena has received a consensus rating of Buy. The company's average rating score is 2.87, and is based on 13 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $64.00, Ciena has a forecasted upside of 31.7% from its current price of $48.61.Amount of Analyst CoverageCiena has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 5.0 Short Interest Percentage of Shares Shorted2.64% of the float of Ciena has been sold short.Short Interest Ratio / Days to CoverCiena has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Ciena has recently decreased by 5.37%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldCiena does not currently pay a dividend.Dividend GrowthCiena does not have a long track record of dividend growth. Previous Next 3.9 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreCiena has received a 51.46% net impact score from Upright. The largest positive contribution comes from its "Knowledge infrastructure" impact, which is mostly driven by its "Routers", "Network switches", and "Telecommunications network engineering for 5G networks" products. See details.Environmental SustainabilityThe Environmental Impact score for Ciena is -0.77. Previous Next 2.5 News and Social Media Coverage News SentimentCiena has a news sentiment score of 0.50. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Ciena this week, compared to 5 articles on an average week.Search Interest40 people have searched for CIEN on MarketBeat in the last 30 days. This is an increase of 208% compared to the previous 30 days.MarketBeat Follows8 people have added Ciena to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn 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 $3,455,335.00 in company stock.Percentage Held by InsidersOnly 0.99% of the stock of Ciena is held by insiders.Percentage Held by Institutions96.26% of the stock of Ciena is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Ciena are expected to grow by 50.72% in the coming year, from $2.07 to $3.12 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Ciena is 39.84, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.45.Price to Earnings Ratio vs. SectorThe P/E ratio of Ciena is 39.84, 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 360.56.Price to Earnings Growth RatioCiena has a PEG Ratio of 1.58. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioCiena has a P/B Ratio of 2.55. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Ciena (NYSE:CIEN) StockCiena Corp. engages in the provision of network and communication infrastructure. It operates through the following segments: Networking Platforms, Platform Software and Services, Blue Planet Automation Software and Services, and Global Services. The Networking Platforms segment consists of Converged Packet Optical and Packet Networking portfolios. The Platform Software and Services segment provides analytics, data, and planning tools to assist customers in managing Ciena's Networking Platforms products in their networks. The Blue Planet Automation Software and Services segment enables customers to implement large-scale software and IT-led OSS transformations by transforming legacy networks into “service ready“ networks. The Global Services segment offers a broad suite of value-added services. The company was founded by Patrick H. Nettles in November 1992 and is headquartered in Hanover, MD.Read More Receive CIEN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Ciena and its competitors with MarketBeat's FREE daily newsletter. Email Address CIEN Stock News HeadlinesMarch 20, 2023 | finance.yahoo.comCiena (NYSE:CIEN) May Have Issues Allocating Its CapitalMarch 20, 2023 | americanbankingnews.comCiena Co. (NYSE:CIEN) SVP Sells $174,370.00 in StockMarch 27, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.March 19, 2023 | americanbankingnews.comAndrew C. Petrik Sells 1,000 Shares of Ciena Co. (NYSE:CIEN) StockMarch 18, 2023 | americanbankingnews.comCiena (NYSE:CIEN) Now Covered by StockNews.comMarch 16, 2023 | finance.yahoo.com1 Exceptional Growth Stock That's Set to Shoot HigherMarch 15, 2023 | finance.yahoo.comCiena (CIEN) Solutions Being Leveraged by Colt TechnologyMarch 14, 2023 | finance.yahoo.comCiena Supports Colt’s Launch of Long-Haul Networking Services in JapanMarch 27, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.March 12, 2023 | marketwatch.comGlobal SDN and NFV Market Technological Advances, Demand and Size Projection 2023-2027March 8, 2023 | finance.yahoo.comASE Reduces Cable Power Consumption by 60% with CienaMarch 8, 2023 | finance.yahoo.comCiena Corporation (NYSE:CIEN) Q1 2023 Earnings Call TranscriptMarch 7, 2023 | finance.yahoo.comCiena Stock Earns Relative Strength Rating UpgradeMarch 7, 2023 | finance.yahoo.comQ1 2023 Ciena Corp Earnings CallMarch 6, 2023 | finance.yahoo.comFiber-Optic Network Gear Maker Expects Market Share GainsMarch 6, 2023 | finance.yahoo.comCiena Clocks 25% Topline Growth In Q1; Set For Market Share Gains Backed By Easing Supply Chain And DemandMarch 6, 2023 | finance.yahoo.comCiena Earnings Top Estimates As Supply Chain Problems EaseMarch 6, 2023 | finance.yahoo.comStock Market Adds To Gains Even As Investors Brace For Powell's TestimonyMarch 6, 2023 | finance.yahoo.comCiena Smashes Earnings Expectations. It’s a Story of Improving Supply, CEO Says.March 6, 2023 | rttnews.comCiena Q1 Results Top Estimates March 6, 2023 | benzinga.comCiena, Apple And 3 Stocks To Watch Heading Into MondayMarch 6, 2023 | seekingalpha.comCiena: Growth Potential Not Reflected In The Stock PriceMarch 5, 2023 | finance.yahoo.comStocks Poised for Slightly Lower OpenMarch 2, 2023 | finance.yahoo.comHere's What to Expect Ahead of Ciena's (CIEN) Q1 EarningsFebruary 22, 2023 | finance.yahoo.comCiena (CIEN) to Launch WaveLogic 6 in the First Half of 2024February 21, 2023 | finance.yahoo.comCiena Unveils WaveLogic 6, Industry’s First 1.6Tb/s Coherent Optic SolutionFebruary 20, 2023 | marketwatch.comPhotonic IC Market 2023 Size Industry, Current Trends, Demand and Size Share Estimation by 2028 with Top PlayersSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive CIEN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Ciena and its competitors with MarketBeat's FREE daily newsletter. Email Address CIEN Company Calendar Last Earnings3/06/2023Today3/27/2023Next Earnings (Estimated)6/01/2023Fiscal Year End10/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Telephone & telegraph apparatus Sub-IndustryCommunications Equipment SectorComputer and Technology Current SymbolNYSE:CIEN CUSIP17177930 CIK936395 Webwww.ciena.com Phone(410) 694-5700Fax410-694-5750Employees8,079Year Founded1992Price Target and Rating Average Stock Price Forecast$64.00 High Stock Price Forecast$76.00 Low Stock Price Forecast$45.00 Forecasted Upside/Downside+31.3%Consensus RatingModerate Buy Rating Score (0-4)2.87 Research Coverage15 Analysts Profitability EPS (Most Recent Fiscal Year)$1.22 Trailing P/E Ratio39.95 Forward P/E Ratio23.55 P/E Growth1.58Net Income$152.90 million Net Margins4.77% Pretax Margin5.95% Return on Equity8.22% Return on Assets4.39% Debt Debt-to-Equity Ratio0.55 Current Ratio3.70 Quick Ratio2.54 Sales & Book Value Annual Sales$3.63 billion Price / Sales2.00 Cash Flow$2.33 per share Price / Cash Flow20.89 Book Value$19.03 per share Price / Book2.56Miscellaneous Outstanding Shares149,160,000Free Float147,683,000Market Cap$7.27 billion OptionableOptionable Beta0.97 Social Links Key ExecutivesGary B. SmithPresident, Chief Executive Officer & DirectorJames E. MoylanChief Financial Officer & Senior Vice PresidentStephen B. AlexanderChief Technology Officer & Senior Vice PresidentDavid Marc RothensteinSecretary, Chief Strategy Officer & Senior VPSheela KosarajuSenior VP, General Counsel & Assistant SecretaryKey CompetitorsFabrinetNYSE:FNWESCO InternationalNYSE:WCCSensata TechnologiesNYSE:STPure StorageNYSE:PSTGDropboxNASDAQ:DBXView All CompetitorsInsiders & InstitutionsNeo Ivy Capital ManagementBought 12,636 shares on 3/27/2023Ownership: 0.008%Gary B SmithSold 3,541 sharesTotal: $174,819.17 ($49.37/share)ETF Managers Group LLCBought 426 shares on 3/23/2023Ownership: 0.008%David M RothensteinSold 3,500 sharesTotal: $174,370.00 ($49.82/share)Andrew C PetrikSold 1,000 sharesTotal: $49,820.00 ($49.82/share)View All Insider TransactionsView All Institutional Transactions CIEN Stock - Frequently Asked Questions Should I buy or sell Ciena stock right now? 15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last year. There are currently 2 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CIEN shares. View CIEN analyst ratings or view top-rated stocks. What is Ciena's stock price forecast for 2023? 15 analysts have issued 12 month target prices for Ciena's shares. Their CIEN share price forecasts range from $45.00 to $76.00. On average, they predict the company's stock price to reach $64.00 in the next twelve months. This suggests a possible upside of 31.7% from the stock's current price. View analysts price targets for CIEN or view top-rated stocks among Wall Street analysts. How have CIEN shares performed in 2023? Ciena's stock was trading at $50.98 at the start of the year. Since then, CIEN stock has decreased by 4.6% and is now trading at $48.61. View the best growth stocks for 2023 here. Are investors shorting Ciena? Ciena saw a drop in short interest during the month of March. As of March 15th, there was short interest totaling 3,880,000 shares, a drop of 5.4% from the February 28th total of 4,100,000 shares. Based on an average trading volume of 1,590,000 shares, the short-interest ratio is presently 2.4 days. Currently, 2.6% of the company's shares are sold short. View Ciena's Short Interest. When is Ciena's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, June 1st 2023. View our CIEN earnings forecast. How were Ciena's earnings last quarter? Ciena Co. (NYSE:CIEN) announced its quarterly earnings results on Monday, March, 6th. The communications equipment provider reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.28. The communications equipment provider had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $959.04 million. Ciena had a trailing twelve-month return on equity of 8.22% and a net margin of 4.77%. The firm's quarterly revenue was up 25.1% compared to the same quarter last year. During the same period last year, the firm posted $0.35 EPS. What ETFs hold Ciena's stock? ETFs with the largest weight of Ciena (NYSE:CIEN) stock in their portfolio include iShares North American Tech-Multimedia Networking ETF (IGN), iShares U.S. Telecommunications ETF (IYZ), SPDR S&P Telecom ETF (XTL), Future Fund Active ETF (FFND), iShares Future Cloud 5G and Tech ETF (IDAT), First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT), ProShares Ultra Communication Services (LTL) and Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD). What guidance has Ciena issued on next quarter's earnings? Ciena updated its second quarter 2023 earnings guidance on Monday, March, 6th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.03 billion-$1.11 billion, compared to the consensus revenue estimate of $1.04 billion. What is Gary B. Smith's approval rating as Ciena's CEO? 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. 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), 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 investors include Bank of America Corp DE (2.44%), Alliancebernstein L.P. (2.34%), Neuberger Berman Group LLC (2.33%), BNP PARIBAS ASSET MANAGEMENT Holding S.A. (2.24%), Congress Asset Management Co. MA (2.19%) and Thrivent Financial for Lutherans (1.74%). Insiders that own company stock include Andrew C Petrik, Andrew C Petrik, Bruce L Claflin, David M Rothenstein, David M Rothenstein, Gary B Smith, Gary B Smith, Gary E Dickerson, James E Moylan Jr, James E Moylan, Jr, Jason Phipps, Joseph Cumello, Joseph Gebbia, Judith M Obrien, Patrick H Nettles, Rick Hamilton, Scott Mcfeely, Stephen B Alexander, Stephen B Alexander and Thomas Michael Nevens. View institutional ownership trends. How do I buy shares of Ciena? 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. Compare Top Brokerages Here. What is Ciena's stock price today? One share of CIEN stock can currently be purchased for approximately $48.61. How much money does Ciena make? Ciena (NYSE:CIEN) has a market capitalization of $7.25 billion and generates $3.63 billion in revenue each year. The communications equipment provider earns $152.90 million in net income (profit) each year or $1.22 on an earnings per share basis. How many employees does Ciena have? The company employs 8,079 workers across the globe. Does Ciena have any subsidiaries? The following companies are subsidiares of Ciena: Akara, Astracom, Catena Networks, Centina Systems Inc, Ciena Canada ULC, Ciena Communications Inc, Ciena Communications Singapore PTE. LTD, Ciena Global Holding LP, Ciena Global Products Company LTD, Ciena Switzerland GMBH, DonRiver, Internet Photonics, Lightera, ONI Systems, Packet Design, PhyFlex Networks, Wavesmith Networks, World Wide Packets, and cyan.Read More How can I contact Ciena? 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. This page (NYSE:CIEN) was last updated on 3/27/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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