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 Software and Software-Related Services segment offers multi-domain service orchestration, inventory, route optimization and assurance, network function virtualization orchestration, analytics, and related services; and OneControl unified management system and platform software services, as well as manage, control, and plan software. Its 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.
Industry, Sector and Symbol
Industry Telephone & telegraph apparatus
Sub-IndustryCommunications Equipment
SectorComputer and Technology
Phone410-694-5700
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$3.09 billion
Profitability
Miscellaneous
Employees6,013
Next Earnings Date5/30/2019 (Estimated)
OptionableOptionable
Ciena (NYSE:CIEN) Frequently Asked Questions
What is Ciena's stock symbol?
Ciena trades on the New York Stock Exchange (NYSE) under the ticker symbol "CIEN."
How will Ciena's stock buyback program work?
Ciena announced that its Board of Directors has approved a share repurchase program on Thursday, December 7th 2017, which authorizes the company to buyback $300,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.
How were Ciena's earnings last quarter?
Ciena Co. (NYSE:CIEN) announced its quarterly earnings data on Tuesday, March, 5th. The communications equipment provider reported $0.27 EPS for the quarter, beating the Zacks' consensus estimate of $0.21 by $0.06. The communications equipment provider earned $778.53 million during the quarter, compared to analysts' expectations of $761.62 million. Ciena had a net margin of 5.03% and a return on equity of 10.73%. The business's quarterly revenue was up 20.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.15 EPS. View Ciena's Earnings History.
When is Ciena's next earnings date?
What price target have analysts set for CIEN?
23 brokerages have issued twelve-month price objectives for Ciena's shares. Their forecasts range from $32.00 to $53.00. On average, they anticipate Ciena's stock price to reach $42.8571 in the next year. This suggests a possible upside of 12.3% from the stock's current price. View Analyst Price Targets for Ciena.
What is the consensus analysts' recommendation for Ciena?
23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last year. There are currently 9 hold ratings and 14 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Ciena.
What are Wall Street analysts saying about Ciena stock?
Here are some recent quotes from research analysts about Ciena stock:
- 1. Northland Securities analysts commented, "We are upgrading CIEN shares to OP from MP and increasing our PT from $34 to $42, based on both a recent deep dive into emerging 600G/800G coherent optical technology, discussed further in an associated industry note, that included a discussion with CIEN management last week in addition to multiple competitors as well as the recent and fairly dramatic underperformance of CIEN shares relative to ACIA and the broader 100G+ optical group, bringing valuation into a more attractive range." (4/15/2019)
- 2. According to Zacks Investment Research, "Ciena reported healthy first-quarter fiscal 2019 results wherein both the top line and bottom line improved year over year. Revenues are expected to swell due to the rising demand for packet-optical transport and switching products. It is progressively investing in the data and optical fiber market to serve increasing bandwidth demand. Ciena has also been diversifying its footprint in data-center connectivity. Growing usage of service management software in the global communication market remains a key catalyst. The company’s stackable data center interconnect platform, WaveServer, is trending well and is expected to be a key growth driver going ahead. The Packet Design buyout should help to accelerate Ciena's Blue Planet software strategy by extending its intelligent automation capabilities. The stock has outperformed the industry in the past year on average. However, high concentration risk remains a major impediment for Ciena." (3/8/2019)
Has Ciena been receiving favorable news coverage?
News coverage about CIEN stock has been trending somewhat positive this week, InfoTrie reports. The research firm identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Ciena earned a news sentiment score of 1.2 on InfoTrie's scale. They also gave media stories about the communications equipment provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the near future.
Who are some of Ciena's key competitors?
Some companies that are related to Ciena include Telkom SA Ltd ADS (TLKGY), Fabrinet (FN), Avaya (AVYA), Plantronics (PLT), NetGear (NTGR), Infinera (INFN), ADTRAN (ADTN), AudioCodes (AUDC), Clearfield (CLFD), Akoustis Technologies (AKTS), DASAN Zhone Solutions (DZSI), Clearone (CLRO), Westell Technologies (WSTL), Franklin Wireless (FKWL) and AltiGen Communications (ATGN).
What other stocks do shareholders of Ciena own?
Who are Ciena's key executives?
Ciena's management team includes the folowing people:
- Dr. Patrick H. Nettles, Exec. Chairman (Age 76)
- Mr. Gary B. Smith, CEO, Pres & Director (Age 59)
- Mr. James E. Moylan Jr., CFO & Sr. VP of Fin. (Age 68)
- Mr. David M. Rothenstein, Sr. VP, Gen. Counsel & Sec. (Age 51)
- Mr. Rick L. Hamilton, Sr. VP of Blue Planet Software (Age 47)
Who are Ciena's major shareholders?
Ciena's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Trinity Street Asset Management LLP (0.50%), Peregrine Capital Management LLC (0.45%), Dalton Greiner Hartman Maher & Co. (0.34%), Jag Capital Management LLC (0.31%), Retirement Systems of Alabama (0.29%) and First Manhattan Co. (0.07%). Company insiders that own Ciena stock include Andrew C Petrik, David M Rothenstein, Gary B Smith, James E Moylan Jr, James E Moylan, Jr, James Frodsham, Jason Phipps, Patrick Gallagher, Patrick H Nettles, Rick Hamilton, Scott Mcfeely and Stephen B Alexander. 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 Dalton Greiner Hartman Maher & Co., Peregrine Capital Management LLC, Eqis Capital Management Inc. and First Manhattan Co.. Company insiders that have sold Ciena company stock in the last year include Andrew C Petrik, David M Rothenstein, Gary B Smith, James E Moylan Jr, James E Moylan, Jr, James Frodsham, Jason Phipps, Patrick Gallagher, Patrick H Nettles, Rick Hamilton, Scott Mcfeely and Stephen B Alexander. View Insider Buying and Selling for Ciena.
Which institutional investors are buying Ciena stock?
CIEN stock was acquired by a variety of institutional investors in the last quarter, including Trinity Street Asset Management LLP, BKS Advisors LLC, Jag Capital Management LLC, First Hawaiian Bank, Canton Hathaway LLC, Meeder Asset Management Inc., Mercer Global Advisors Inc. ADV and First Citizens Bank & Trust Co.. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Ciena's stock price today?
One share of CIEN stock can currently be purchased for approximately $38.18.
How big of a company is Ciena?
Ciena has a market capitalization of $5.95 billion and generates $3.09 billion in revenue each year. The communications equipment provider earns $-344,690,000.00 in net income (profit) each year or $1.12 on an earnings per share basis. Ciena employs 6,013 workers across the globe.
What is Ciena's official website?
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]
MarketBeat Community Rating for Ciena (NYSE CIEN)
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.
