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.
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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 Date12/12/2019 (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 declared that its Board of Directors has initiated a share repurchase plan on Thursday, December 7th 2017, which allows the company to buyback $300,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company's board of directors believes its shares are undervalued.
How were Ciena's earnings last quarter?
Ciena Co. (NYSE:CIEN) announced its quarterly earnings data on Thursday, September, 5th. The communications equipment provider reported $0.71 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.21. The communications equipment provider earned $960.60 million during the quarter, compared to analysts' expectations of $930.64 million. Ciena had a net margin of 6.77% and a return on equity of 13.64%. The firm's revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.48 EPS. View Ciena's Earnings History.
When is Ciena's next earnings date?
What price target have analysts set for CIEN?
24 equities research analysts have issued 1 year price targets for Ciena's stock. Their predictions range from $32.00 to $56.00. On average, they anticipate Ciena's stock price to reach $48.64 in the next year. This suggests a possible upside of 26.5% 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 headlines about CIEN stock have been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Ciena earned a daily sentiment score of 0.8 on InfoTrie's scale. They also assigned media headlines about the communications equipment provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for Ciena.
Are investors shorting Ciena?
Ciena saw a increase in short interest during the month of September. As of September 30th, there was short interest totalling 8,870,000 shares, an increase of 91.6% from the August 30th total of 4,630,000 shares. Based on an average daily trading volume, of 2,640,000 shares, the short-interest ratio is presently 3.4 days. Approximately 5.8% of the shares of the company are sold short. View Ciena's Current Options Chain.
Who are some of Ciena's key competitors?
Some companies that are related to Ciena include Telkom SA Ltd ADS (TLKGY), Fabrinet (FN), Plantronics (PLT), Avaya (AVYA), NetGear (NTGR), Infinera (INFN), AudioCodes (AUDC), ADTRAN (ADTN), Akoustis Technologies (AKTS), Clearfield (CLFD), DASAN Zhone Solutions (DZSI), Sonim Technologies (SONM), Communications Systems (JCS), Clearone (CLRO) 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 number of of retail and institutional investors. Top institutional investors include Peregrine Capital Management LLC (0.51%), Dalton Greiner Hartman Maher & Co. (0.24%), Robeco Institutional Asset Management B.V. (0.22%), Commerzbank Aktiengesellschaft FI (0.17%), Marketfield Asset Management LLC (0.07%) and Pacer Advisors Inc. (0.04%). 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 Robeco Institutional Asset Management B.V., Cerebellum GP LLC, Optimum Investment Advisors, Alpha Windward LLC, NEXT Financial Group Inc, Pacer Advisors Inc., Nisa Investment Advisors LLC and Crossmark Global Holdings Inc.. 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 purchased by a variety of institutional investors in the last quarter, including Commerzbank Aktiengesellschaft FI, Marketfield Asset Management LLC, Peregrine Capital Management LLC, State of Alaska Department of Revenue, Grassi Investment Management, Oliver Luxxe Assets LLC, First Hawaiian Bank and Beech Hill Advisors Inc.. 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 $38.45.
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.View Additional Information About Ciena.
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.
