NYSE:CIEN

Ciena Stock Forecast, Price & News

$55.12

+0.12 (+0.22 %)

(As of 01/26/2021 12:00 AM ET)

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Today's Range

$54.38

Now: $55.12▼

$55.45

50-Day Range

$46.10

MA: $51.95▼

$55.03

52-Week Range

$30.58

Now: $55.12▼

$61.51

Volume1.09 million shs

Average Volume1.40 million shs

Market Capitalization$8.52 billion

P/E Ratio23.76

Dividend YieldN/A

Beta0.85

Ciena Corporation provides network hardware, software, and services that support the transport, routing, 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 products and solutions that 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, and the 6500 Reconfigurable line system, and the 5400 family of Packet-Optical platforms, 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 Blue Planet Automation Software and Services segment provides multi-domain service orchestration, inventory, route optimization and analysis, network function virtualization orchestration, analytics, and related services. Its Platform Software and Service segment offers OneControl unified management system and platform software services, as well as manage, control, and plan software. The company's 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.

MarketRank^™

Overall MarketRank^™

2.09 out of 5 stars

Computer And Technology Sector

48th out of 1,510 stocks

Telephone & Telegraph Apparatus Industry

1st out of 36 stocks

2.4 Analyst's Opinion

Consensus Rating
Ciena has received a consensus rating of Buy. The company's average rating score is 2.76, and is based on 16 buy ratings, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $57.14, Ciena has a forecasted upside of 3.7% from its current price of $55.12.
Amount of Analyst Coverage
Ciena has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.3 Community Rank

Outperform Votes
Ciena has received 1,162 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Ciena has received 596 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Ciena has received 66.10% “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.

1.7 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 $1,513,687.00 in company stock.
Percentage Held by Insiders
Only 0.95% of the stock of Ciena is held by insiders.
Percentage Held by Institutions
83.98% of the stock of Ciena is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1 Earnings and Valuation

Earnings Growth
Earnings for Ciena are expected to grow by 16.10% in the coming year, from $2.36 to $2.74 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ciena is 23.76, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 24.43.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ciena is 23.76, 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 86.15.
Price to Earnings Growth Ratio
Ciena has a PEG Ratio of 1.41. 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 3.39. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Telephone & telegraph apparatus

Sub-IndustryCommunications Equipment

SectorComputer and Technology

Current SymbolNYSE:CIEN

Previous Symbol

CUSIP17177930

CIK936395

Webwww.ciena.com

Phone410-694-5700

Employees7,032

Year FoundedN/A

Debt

Debt-to-Equity Ratio0.27

Current Ratio3.43

Quick Ratio2.98

Price-To-Earnings

Trailing P/E Ratio23.76

Forward P/E Ratio23.36

P/E Growth1.41

Sales & Book Value

Annual Sales$3.53 billion

Price / Sales2.41

Cash Flow$3.65 per share

Price / Cash Flow15.10

Book Value$16.26 per share

Price / Book3.39

Profitability

EPS (Most Recent Fiscal Year)$2.65

Net Income$361.29 million

Net Margins10.23%

Return on Equity17.41%

Return on Assets10.25%

Miscellaneous

Outstanding Shares154,564,000

Market Cap$8.52 billion

Next Earnings Date3/4/2021 (Estimated)

OptionableOptionable

$55.12

+0.12 (+0.22 %)

(As of 01/26/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Ciena (NYSE:CIEN) Frequently Asked Questions

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

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. Since then, CIEN stock has increased by 42.0% and is now trading at $55.12.
View which stocks have been most impacted by COVID-19.

Is Ciena a buy right now?

21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last year. There are currently 5 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Ciena stock.
View analyst ratings for Ciena or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Ciena?

Wall Street analysts have given Ciena a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Ciena wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

What is Gary B. Smith's approval rating as Ciena's CEO?

581 employees have rated Ciena CEO Gary B. Smith on Glassdoor.com. Gary B. Smith has an approval rating of 95% among Ciena's employees. This puts Gary B. Smith in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

When is Ciena's next earnings date?

Ciena is scheduled to release its next quarterly earnings announcement on Thursday, March 4th 2021.
View our earnings forecast for Ciena.

How were Ciena's earnings last quarter?

Ciena Co. (NYSE:CIEN) issued its quarterly earnings data on Wednesday, December, 9th. The communications equipment provider reported $0.60 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.63 by $0.03. The communications equipment provider had revenue of $828.50 million for the quarter, compared to analysts' expectations of $826.70 million. Ciena had a net margin of 10.23% and a trailing twelve-month return on equity of 17.41%. Ciena's revenue for the quarter was down 14.4% compared to the same quarter last year. During the same period last year, the company earned $0.58 earnings per share.
View Ciena's earnings history.

What price target have analysts set for CIEN?

21 analysts have issued 12-month target prices for Ciena's shares. Their forecasts range from $45.00 to $73.00. On average, they expect Ciena's share price to reach $57.14 in the next twelve months. This suggests a possible upside of 3.7% from the stock's current price.
View analysts' price targets for Ciena or view Wall Street analyst' top-rated stocks.

Are investors shorting Ciena?

Ciena saw a increase in short interest during the month of December. As of December 31st, there was short interest totaling 4,050,000 shares, an increase of 37.3% from the December 15th total of 2,950,000 shares. Based on an average trading volume of 1,950,000 shares, the short-interest ratio is presently 2.1 days. Currently, 2.7% of the company's shares are short sold.
View Ciena's Short Interest.

Who are some of Ciena's key competitors?

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), Viasat (VSAT), EchoStar (SATS), Calix (CALX), InterDigital (IDCC), Infinera (INFN), Plantronics (PLT), NETGEAR (NTGR), Ribbon Communications (RBBN) and Extreme Networks (EXTR).
View all of CIEN's 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 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).

Who are Ciena's key executives?

Ciena's management team includes the following people:

Dr. Patrick H. Nettles, Exec. Chairman (Age 78, Pay $177.91k)
Mr. Gary B. Smith, CEO, Pres & Director (Age 61, Pay $2.99M)
Mr. James E. Moylan Jr., Sr. VP of Fin. & CFO (Age 70, Pay $1.4M)
Mr. David M. Rothenstein, Sr. VP, Gen. Counsel & Sec. (Age 53, Pay $1.14M)
Mr. Jason M. Phipps, Sr. VP of Global Customer Engagement (Age 49, Pay $1.22M)
Mr. Scott Alexander McFeely, Sr. VP of Global Products & Services (Age 57, Pay $1.16M)
Mr. Stephen B. Alexander, Sr. VP, CTO & Member of Technology Advisory Council (Age 62)
Mr. Gregg M. Lampf, VP of Investor Relations
Mr. Joseph R. Cumello, Sr. VP of Global Marketing & Communications (Age 49)
Ms. Jane Hobbs, Chief HR Officer & Sr. VP

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 many different institutional and retail investors. Top institutional investors include Congress Asset Management Co. MA (2.33%), Peregrine Capital Management LLC (0.37%), Retirement Systems of Alabama (0.27%), Dalton Greiner Hartman Maher & Co. (0.15%), New York State Teachers Retirement System (0.15%) and Artemis Investment Management LLP (0.08%). 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.

Which major investors are selling Ciena stock?

CIEN stock was sold by a variety of institutional investors in the last quarter, including Dalton Greiner Hartman Maher & Co., Peregrine Capital Management LLC, Artemis Investment Management LLP, Janney Montgomery Scott LLC, Strs Ohio, Pacer Advisors Inc., Marketfield Asset Management LLC, and Nisa Investment Advisors LLC. 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, James E Moylan, Jr, Patrick H Nettles, Rick Hamilton, Scott Mcfeely, and Stephen B Alexander.
View insider buying and selling activity for Ciena or view top insider-selling stocks.

Which major investors are buying Ciena stock?

CIEN stock was bought by a variety of institutional investors in the last quarter, including Congress Asset Management Co. MA, Retirement Systems of Alabama, Hohimer Wealth Management LLC, Hohimer Wealth Management LLC, Ayalon Holdings Ltd., LaFleur & Godfrey LLC, V Wealth Advisors LLC, and Nwam LLC.
View insider buying and selling activity for Ciena or or view top insider-buying stocks.

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 WeBull, 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 $55.12.

How big of a company is Ciena?

Ciena has a market capitalization of $8.52 billion and generates $3.53 billion in revenue each year. The communications equipment provider earns $361.29 million in net income (profit) each year or $2.65 on an earnings per share basis. Ciena employs 7,032 workers across the globe.

What is Ciena's official website?

The official website for Ciena is 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 1/27/2021 by MarketBeat.com Staff

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