NYSE:CIENCiena Stock Price, Forecast & News

$46.16

+0.62 (+1.36 %)

(As of 04/9/2020 06:00 AM ET)

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Today's Range

$44.91

Now: $46.16▼

$46.66

50-Day Range

$34.50

MA: $39.99▼

$46.16

52-Week Range

$30.58

Now: $46.16▼

$46.78

Volume1.59 million shs

Average Volume2.43 million shs

Market Capitalization$7.09 billion

P/E Ratio25.79

Dividend YieldN/A

Beta0.8

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.

Beat the Market (BTM) Rank^™

2.4 Analyst's Opinion

Consensus Rating
Ciena has received a consensus rating of Buy. The company's average rating score is 2.85, and is based on 18 buy ratings, 1 hold rating, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $49.95, Ciena has a potential upside of 8.2% from its current price of $46.16.
Amount of Analyst Coverage
Ciena has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.3 Community Rank

Outperform Votes
Ciena has received 1,131 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Ciena has received 579 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Ciena has received 66.14% “outperform” votes from our community.

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.

0.0 Dividend Strength

Dividend Yield
Ciena does not currently pay a dividend.
Dividend Growth
Ciena does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In 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 $1,672,118.00 in company stock.
Percentage Held by Insiders
Only 1.20% of the stock of Ciena is held by insiders.
Percentage Held by Institutions
92.94% of the stock of Ciena is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Ciena are expected to grow by 19.31% in the coming year, from $2.33 to $2.78 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ciena is 25.79, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.08.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ciena is 25.79, 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 30.42.
Price to Earnings Growth Ratio
Ciena has a PEG Ratio of 1.19. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Ciena has a P/B Ratio of 3.29. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.60 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Telephone & telegraph apparatus

Sub-IndustryCommunications Equipment

SectorComputer and Technology

Current SymbolNYSE:CIEN

Previous Symbol

CUSIP17177930

CIK936395

Webhttp://www.ciena.com/

Phone410-694-5700

Debt

Debt-to-Equity Ratio0.31

Current Ratio3.09

Quick Ratio2.62

Price-To-Earnings

Trailing P/E Ratio25.79

Forward P/E Ratio19.81

P/E Growth1.19

Sales & Book Value

Annual Sales$3.57 billion

Price / Sales1.98

Cash Flow$2.70 per share

Price / Cash Flow17.09

Book Value$14.05 per share

Price / Book3.29

Profitability

EPS (Most Recent Fiscal Year)$1.84

Net Income$253.43 million

Net Margins7.78%

Return on Equity14.68%

Return on Assets8.26%

Miscellaneous

Employees6,383

Outstanding Shares153,500,000

Market Cap$7.09 billion

Next Earnings Date6/4/2020 (Estimated)

OptionableOptionable

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Ciena (NYSE:CIEN) Frequently Asked Questions

How has Ciena's stock been impacted by COVID-19 (Coronavirus)?

Ciena's stock was trading at $38.83 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CIEN shares have increased by 18.9% and is now trading at $46.16. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Ciena?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last year. There are currently 1 sell rating, 1 hold rating and 18 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Ciena.

When is Ciena's next earnings date?

Ciena is scheduled to release its next quarterly earnings announcement on Thursday, June 4th 2020. View our earnings forecast for Ciena.

How were Ciena's earnings last quarter?

Ciena Co. (NYSE:CIEN) issued its quarterly earnings results on Thursday, March, 5th. The communications equipment provider reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.14. The communications equipment provider had revenue of $832.91 million for the quarter, compared to the consensus estimate of $818.48 million. Ciena had a return on equity of 14.68% and a net margin of 7.78%. The company's quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.33 EPS. View Ciena's earnings history.

What guidance has Ciena issued on next quarter's earnings?

Ciena updated its second quarter 2020 IntraDay earnings guidance on Thursday, March, 5th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $875-905 million, compared to the consensus revenue estimate of $917.14 million.

What price target have analysts set for CIEN?

20 analysts have issued twelve-month price targets for Ciena's stock. Their forecasts range from $31.00 to $56.00. On average, they expect Ciena's share price to reach $49.95 in the next year. This suggests a possible upside of 8.2% from the stock's current price. View analysts' price targets for Ciena.

What are Wall Street analysts saying about Ciena stock?

Here are some recent quotes from research analysts about Ciena stock:

1. According to Zacks Investment Research, "Ciena reported healthy first-quarter fiscal 2020 results wherein both the top and bottom line surpassed the Zacks Consensus Estimate. The company’s revenues are generated primarily by rising demand for packet-optical transport and switching products, integrated network and service management software in the global market. With best-in-class core optical networking expertise, it has an augmented customer base in high-growth markets. The company has ample growth opportunities in the Asia Pacific, especially India. However, intense competition remains an obstacle as small vendors resort to aggressive pricing to gain market share. The company faces concentration risk as a major portion of its revenues comes from a handful of large global communications service providers. Escalating operating expenses and high debt-levels dent its profitability." (3/31/2020)
2. 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)
3. 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)

Has Ciena been receiving favorable news coverage?

Media coverage about CIEN stock has been trending very negative this week, InfoTrie reports. The research firm scores the sentiment of media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Ciena earned a news impact score of -3.3 on InfoTrie's scale. They also assigned news stories about the communications equipment provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news aboutCiena.

Are investors shorting Ciena?

Ciena saw a increase in short interest in March. As of March 13th, there was short interest totaling 4,879,200 shares, an increase of 6.1% from the February 27th total of 4,600,000 shares. Based on an average daily volume of 2,760,000 shares, the short-interest ratio is presently 1.8 days. Approximately 3.2% of the shares of the stock are short sold. View Ciena's Current Options Chain.

Who are some of Ciena's key competitors?

Some companies that are related to Ciena include Cisco Systems (CSCO), QUALCOMM (QCOM), Motorola Solutions (MSI), Palo Alto Networks (PANW), Juniper Networks (JNPR), F5 Networks (FFIV), Echostar (SATS), Finisar (FNSR), ViaSat (VSAT), InterDigital Wireless (IDCC), Infinera (INFN), NetGear (NTGR), Harmonic (HLIT), Calix (CALX) and ADTRAN (ADTN).

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), Micron Technology (MU), Intelsat (I), Alibaba Group (BABA), Cisco Systems (CSCO), NVIDIA (NVDA), Advanced Micro Devices (AMD), Intel (INTC), Fossil Group (FOSL) and Skyworks Solutions (SWKS).

Who are Ciena's key executives?

Ciena's management team includes the following 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)

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 a number of institutional and retail investors. Top institutional investors include Harbour Capital Advisors LLC (0.03%) and State of Alaska Department of Revenue (0.02%). 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 Gallagher, Patrick H Nettles, Rick Hamilton, Scott Mcfeely, Stephen B Alexander and Thomas Michael Nevens. View institutional ownership trends for Ciena.

Which major investors are buying Ciena stock?

CIEN stock was acquired by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, and Harbour Capital Advisors LLC. View insider buying and selling activity 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 $46.16.

How big of a company is Ciena?

Ciena has a market capitalization of $7.09 billion and generates $3.57 billion in revenue each year. The communications equipment provider earns $253.43 million in net income (profit) each year or $1.84 on an earnings per share basis. Ciena employs 6,383 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]

This page was last updated on 4/9/2020 by MarketBeat.com Staff

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NYSE:CIENCiena Stock Price, Forecast & News

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Beat the Market (BTM) Rank™

2.4 Analyst's Opinion

Consensus Rating

Price Target Upside/Downside

Amount of Analyst Coverage