Ciena Stock Forecast, Price & News

Ciena's stock was trading at $38.83 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CIEN shares have increased by 14.5% and is now trading at $44.47.
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23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last year. There are currently 1 sell rating, 5 hold ratings and 17 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Ciena or view MarketBeat's top 5 stock picks.

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Ciena is scheduled to release its next quarterly earnings announcement on Thursday, December 10th 2020.
View our earnings forecast for Ciena.

Ciena will be holding an earnings conference call on Thursday, December 10th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Ciena Co. (NYSE:CIEN) issued its earnings results on Thursday, September, 3rd. The communications equipment provider reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.83 by $0.23. The communications equipment provider had revenue of $976.70 million for the quarter, compared to analysts' expectations of $974.49 million. Ciena had a return on equity of 17.93% and a net margin of 10.26%. The firm's revenue for the quarter was up 1.7% on a year-over-year basis. During the same period last year, the firm posted $0.71 earnings per share.
View Ciena's earnings history.

Ciena updated its fourth quarter 2020 Pre-Market earnings guidance on Thursday, September, 3rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $800-840 million, compared to the consensus revenue estimate of $994.43 million.

23 brokers have issued 1-year price objectives for Ciena's stock. Their forecasts range from $31.00 to $73.00. On average, they anticipate Ciena's stock price to reach $53.75 in the next twelve months. This suggests a possible upside of 20.9% from the stock's current price.
View analysts' price targets for Ciena.

Ciena saw a decrease in short interest in October. As of October 30th, there was short interest totaling 3,070,000 shares, a decrease of 29.9% from the October 15th total of 4,380,000 shares. Based on an average trading volume of 2,380,000 shares, the days-to-cover ratio is currently 1.3 days. Approximately 2.0% of the company's shares are short sold.
View Ciena's Short Interest.

Some companies that are related to Ciena include Cisco Systems (CSCO), QUALCOMM (QCOM), Motorola Solutions (MSI), Palo Alto Networks (PANW), F5 Networks (FFIV), Juniper Networks (JNPR), EchoStar (SATS), Viasat (VSAT), InterDigital (IDCC), Infinera (INFN), Calix (CALX), Plantronics (PLT), NETGEAR (NTGR), Ribbon Communications (RBBN) and Extreme Networks (EXTR).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Ciena investors own include NVIDIA (NVDA), Bank of America (BAC), Advanced Micro Devices (AMD), Micron Technology (MU), Intel (INTC), Alibaba Group (BABA), Cisco Systems (CSCO), QUALCOMM (QCOM), The Walt Disney (DIS) and Skyworks Solutions (SWKS).

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

Ciena's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.80%), Neuberger Berman Group LLC (2.37%), State Street Corp (2.36%), Congress Asset Management Co. MA (2.28%), First Trust Advisors LP (1.97%) and LSV Asset Management (1.47%). 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 sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Charles Schwab Investment Management Inc., Thrivent Financial for Lutherans, Boston Partners, Rothschild & Co. Asset Management US Inc., Neuberger Berman Group LLC, Morgan Stanley, and Los Angeles Capital Management & Equity Research Inc.. Company insiders that have sold Ciena company stock in the last year include Andrew C Petrik, Bruce L Claflin, David M Rothenstein, Gary B Smith, James E Moylan, Jr, Patrick H Nettles, Rick Hamilton, Scott Mcfeely, Stephen B Alexander, and Thomas Michael Nevens.
View insider buying and selling activity for Ciena.

CIEN stock was purchased by a variety of institutional investors in the last quarter, including BNP PARIBAS ASSET MANAGEMENT Holding S.A., Hallmark Capital Management Inc., First Trust Advisors LP, DekaBank Deutsche Girozentrale, Voloridge Investment Management LLC, AQR Capital Management LLC, Artemis Investment Management LLP, and Acadian Asset Management 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 $44.47.

Ciena has a market capitalization of $6.86 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]