NYSE:CIENCiena Stock Price, Forecast & News

Ciena's stock was trading at $38.83 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CIEN shares have increased by 45.7% and is now trading at $56.57. View which stocks have been most impacted by Coronavirus.

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last year. There are currently 1 sell rating, 4 hold ratings and 15 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Ciena.

Ciena is scheduled to release its next quarterly earnings announcement on Thursday, September 3rd 2020. View our earnings forecast for Ciena.

Ciena Co. (NYSE:CIEN) announced its quarterly earnings data on Thursday, June, 4th. The communications equipment provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.49 by $0.27. The communications equipment provider had revenue of $894 million for the quarter, compared to analyst estimates of $889.42 million. Ciena had a net margin of 8.78% and a return on equity of 16.18%. The firm's revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.48 earnings per share. View Ciena's earnings history.

Ciena issued an update on its third quarter 2020 After-Hours earnings guidance on Thursday, June, 4th. The company provided EPS guidance of for the period. The company issued revenue guidance of $955-985 million, compared to the consensus revenue estimate of $969.26 million.

20 brokerages have issued 12-month price targets for Ciena's stock. Their forecasts range from $31.00 to $73.00. On average, they anticipate Ciena's stock price to reach $57.00 in the next twelve months. This suggests a possible upside of 0.8% from the stock's current price. View analysts' price targets for Ciena.

News stories about CIEN stock have been trending negative recently, InfoTrie Sentiment reports. The research group identifies positive and negative news coverage by reviewing more than six thousand news and blog 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 -2.1 on InfoTrie's scale. They also assigned news coverage 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 stock's share price in the next few days. View the latest news about Ciena.

Ciena saw a decrease in short interest during the month of June. As of June 30th, there was short interest totaling 3,450,000 shares, a decrease of 27.2% from the June 15th total of 4,740,000 shares. Based on an average daily volume of 2,070,000 shares, the short-interest ratio is currently 1.7 days. Currently, 2.3% of the shares of the stock are short sold. View Ciena's Current Options Chain.

Some companies that are related to Ciena include Cisco Systems (CSCO), QUALCOMM (QCOM), Palo Alto Networks (PANW), Motorola Solutions (MSI), F5 Networks (FFIV), Juniper Networks (JNPR), Echostar (SATS), ViaSat (VSAT), InterDigital Wireless (IDCC), Infinera (INFN), Calix (CALX), NetGear (NTGR), Plantronics (PLT), Ribbon Communications (RBBN) and ADTRAN (ADTN). View all competitors.

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), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Intel (INTC), NVIDIA (NVDA), Fossil Group (FOSL) and Skyworks Solutions (SWKS).

Ciena trades on the New York Stock Exchange (NYSE) under the ticker symbol "CIEN."

Ciena's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Ellevest Inc. (0.00%) and West Oak Capital LLC (0.00%). 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 H Nettles, Rick Hamilton, Scott Mcfeely, Stephen B Alexander and Thomas Michael Nevens. View institutional ownership trends for Ciena.

CIEN stock was bought by a variety of institutional investors in the last quarter, including Ellevest Inc., and West Oak Capital LLC. View insider buying and selling activity for 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.

One share of CIEN stock can currently be purchased for approximately $56.57.

Ciena has a market capitalization of $8.68 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.

The official website for Ciena is www.ciena.com.

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]