NYSE:CIEN - Ciena Stock Price, News & Analysis

$39.88
+0.34 (+0.86 %)
(As of 09/16/2019 04:56 AM ET)
Today's Range
$39.39
Now: $39.88
$40.39
50-Day Range
$38.75
MA: $41.96
$46.07
52-Week Range
$28.23
Now: $39.88
$46.78
Volume2.32 million shs
Average Volume2.79 million shs
Market Capitalization$6.17 billion
P/E Ratio35.61
Dividend YieldN/A
Beta1.13
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. Read More…

Industry, Sector and Symbol

Industry Telephone & telegraph apparatus
Sub-IndustryCommunications Equipment
SectorComputer and Technology
CUSIP17177930
Phone410-694-5700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.09 billion
Cash Flow$1.99 per share
Book Value$13.70 per share

Profitability

Net Income$-344,690,000.00

Miscellaneous

Employees6,013
Market Cap$6.17 billion
Next Earnings Date12/12/2019 (Estimated)
OptionableOptionable

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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 initiated a stock buyback plan 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 purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its shares are undervalued.

How were Ciena's earnings last quarter?

Ciena Co. (NYSE:CIEN) announced its earnings results on Thursday, September, 5th. The communications equipment provider reported $0.71 EPS for the quarter, beating the Zacks' consensus estimate of $0.50 by $0.21. The communications equipment provider earned $960.60 million during the quarter, compared to the consensus estimate of $930.64 million. Ciena had a return on equity of 13.64% and a net margin of 6.77%. Ciena's quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 earnings per share. View Ciena's Earnings History.

When is Ciena's next earnings date?

Ciena is scheduled to release their next quarterly earnings announcement on Thursday, December 12th 2019. View Earnings Estimates for Ciena.

What price target have analysts set for CIEN?

24 brokerages have issued twelve-month price objectives for Ciena's stock. Their predictions range from $32.00 to $56.00. On average, they expect Ciena's share price to reach $48.8182 in the next twelve months. This suggests a possible upside of 22.4% from the stock's current price. View Analyst Price Targets for Ciena.

What is the consensus analysts' recommendation for Ciena?

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last year. There are currently 8 hold ratings and 16 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 recently upgraded the shares (The Last Speed/Feed Battle in Coherent Optics? Upgrading to OP on Recent Underperformance, 800G Prospects- 4/15/19) a couple dollars higher in conjunction with a deep dive on emerging 600/800G technologies and post significant underperformance relative to ACIA given market share concerns ande reiterate our OP rating and $42 PT heading into Thursday AM’s report." (6/5/2019)
  • 2. Rosenblatt Securities analysts commented, "We expect CIEN to report near in-line F2Q19 results and outlook when it reports Thursday morning June 6 th . We look for slowing hyperscale sales to be balanced by steady growth from US and European carriers. We expect CIEN to maintain its outlook of ~ +2% y/y revenue growth for F2H19 and do not expect management to raise expectations for 2020 despite early positive signs of potential international share gains from Chinese suppliers. We believe CIEN has zero exposure to China sales and likely minimal supply chain exposure. We make no changes to our FY19 outlook, wherein revenues are near inline with consensus but earnings are $.10 light of consensus, and introduce our FY20 estimates, in-line with consensus. We maintain our neutral rating and increase our price target from $36 to $38." (6/3/2019)
  • 3. According to Zacks Investment Research, "Ciena’s revenues are expected to benefit from rising demand for packet-optical transport and switching products, integrated network and service management software. The company is increasingly investing in the data and optical fiber market to serve the rising bandwidth demand. Network upgrades by telecom carriers to meet increasing demand bode well for its long-term growth prospects. By expanding beyond its core optical networking expertise, Ciena has also been able to broaden customer base and thereby, grow its addressable market. The expansion of Blue Planet software business and network automation capabilities has further provided competitive advantage. However, the stock has underperformed the industry in the past six months on average. Customer concentration has been a major impediment for Ciena’s top-line growth as a bulk of revenues is concentrated among a few, large global communications service providers." (5/8/2019)

Has Ciena been receiving favorable news coverage?

Media stories about CIEN stock have been trending somewhat positive this week, according to InfoTrie. InfoTrie scores the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Ciena earned a media sentiment score of 0.9 on InfoTrie's scale. They also assigned headlines about the communications equipment provider a news buzz of 1.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories for Ciena.

Who are some of Ciena's key 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 Bank of America (BAC), Intelsat (I), Micron Technology (MU), Fossil Group (FOSL), Advanced Micro Devices (AMD), Associated British Foods (ABF), Chaarat Gold (CGH), AMC Entertainment (AMC), Alibaba Group (BABA) and First Data (FDC).

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 many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (10.00%), BlackRock Inc. (10.00%), Vanguard Group Inc. (9.50%), Bank of New York Mellon Corp (2.68%), AQR Capital Management LLC (2.01%) and JPMorgan Chase & Co. (1.89%). 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, Jean I Liu, Judith M Obrien, Patrick Gallagher, 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 BlackRock Inc., BlackRock Inc., Renaissance Technologies LLC, DekaBank Deutsche Girozentrale, Bank of New York Mellon Corp, Morgan Stanley, Victory Capital Management Inc. and AQR Capital Management LLC. 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, Jean I Liu, Judith M Obrien, Patrick H Nettles, Rick Hamilton, Scott Mcfeely, Stephen B Alexander and Thomas Michael Nevens. 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 Nuveen Asset Management LLC, Ion Asset Management Ltd., Holocene Advisors LP, Cubist Systematic Strategies LLC, APG Asset Management N.V., Invesco Ltd., South Texas Money Management Ltd. and Paloma Partners Management 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, Robinhood, Fidelity and Charles Schwab.

What is Ciena's stock price today?

One share of CIEN stock can currently be purchased for approximately $39.88.

How big of a company is Ciena?

Ciena has a market capitalization of $6.17 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.View Additional Information About Ciena.

What is Ciena's official website?

The official website for Ciena is http://www.ciena.com/.

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)

Community Ranking:  3.4 out of 5 (star star star)
Outperform Votes:  1,066 (Vote Outperform)
Underperform Votes:  525 (Vote Underperform)
Total Votes:  1,591
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.
This page was last updated on 9/16/2019 by MarketBeat.com Staff

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