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Ciena Stock Price, News & Analysis (NYSE:CIEN)

$37.80
+0.55 (+1.48 %)
(As of 10/13/2019 04:00 PM ET)
Today's Range
$37.59
Now: $37.80
$38.26
50-Day Range
$36.18
MA: $39.44
$41.69
52-Week Range
$28.51
Now: $37.80
$46.78
Volume2.03 million shs
Average Volume3.25 million shs
Market Capitalization$5.85 billion
P/E Ratio33.75
Dividend YieldN/A
Beta1.06
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$2.00 per share
Book Value$13.53 per share

Profitability

Net Income$-344,690,000.00

Miscellaneous

Employees6,013
Market Cap$5.85 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 declared that its board has initiated a stock repurchase plan on Thursday, December 7th 2017, which permits the company to repurchase $300,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically 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 results on Thursday, September, 5th. The communications equipment provider reported $0.71 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.50 by $0.21. The communications equipment provider had revenue of $960.60 million for 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%. Ciena's revenue was up 17.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.48 EPS. 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 Wall Street analysts have issued 12 month target prices for Ciena's shares. Their forecasts range from $32.00 to $56.00. On average, they anticipate Ciena's stock price to reach $48.64 in the next twelve months. This suggests a possible upside of 28.7% 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 trended negative this week, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Ciena earned a daily sentiment score of -2.6 on InfoTrie's scale. They also assigned news articles about the communications equipment provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the immediate future. View News Stories for Ciena.

Are investors shorting Ciena?

Ciena saw a increase in short interest in 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 volume of 2,640,000 shares, the short-interest ratio is presently 3.4 days. Currently, 5.8% of the shares of the stock are short sold. View Ciena's Current Options Chain.

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), Associated British Foods (ABF), Chaarat Gold (CGH), Alibaba Group (BABA), AMC Entertainment (AMC), First Data (FDC) and Advanced Micro Devices (AMD).

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 retail and institutional investors. Top institutional shareholders include Dalton Greiner Hartman Maher & Co. (0.24%), Pacer Advisors Inc. (0.04%), Canton Hathaway LLC (0.02%), Grassi Investment Management (0.02%), First Hawaiian Bank (0.02%) and State of Alaska Department of Revenue (0.02%). 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 major investors are selling Ciena stock?

CIEN stock was sold by a variety of institutional investors in the last quarter, including Cerebellum GP LLC, Alpha Windward LLC, Pacer Advisors Inc. 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 major investors are buying Ciena stock?

CIEN stock was purchased by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Grassi Investment Management, First Hawaiian Bank, Canton Hathaway LLC and Dalton Greiner Hartman Maher & 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 $37.80.

How big of a company is Ciena?

Ciena has a market capitalization of $5.85 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:  1,072 (Vote Outperform)
Underperform Votes:  528 (Vote Underperform)
Total Votes:  1,600
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 10/13/2019 by MarketBeat.com Staff

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