NYSE:CIEN Ciena (CIEN) Stock Price, News & Analysis → Reclusive millionaire’s final warning about America (From Weiss Ratings) (Ad) Free CIEN Stock Alerts $47.04 +0.34 (+0.73%) (As of 06/17/2024 ET) Add Compare Share Share Today's Range$45.91▼$47.1450-Day Range$43.57▼$49.5652-Week Range$39.94▼$63.24Volume1.58 million shsAverage Volume1.89 million shsMarket Capitalization$6.76 billionP/E Ratio45.23Dividend YieldN/APrice Target$57.25 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Ciena alerts: Email Address Ciena MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside21.7% Upside$57.25 Price TargetShort InterestHealthy3.79% of Float Sold ShortDividend StrengthN/ASustainability-0.77Upright™ Environmental ScoreNews Sentiment0.73Based on 4 Articles This WeekInsider TradingSelling Shares$1.03 M Sold Last QuarterProj. Earnings Growth59.84%From $1.22 to $1.95 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.74 out of 5 starsComputer And Technology Sector37th out of 585 stocksTelephone & Telegraph Apparatus Industry1st out of 10 stocks 3.3 Analyst's Opinion Consensus RatingCiena has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 9 buy ratings, 2 hold ratings, and 1 sell rating.Amount of Analyst CoverageCiena has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Ciena's stock forecast and price target. Previous Next 4.0 Short Interest Percentage of Shares Shorted3.79% of the float of Ciena has been sold short.Short Interest Ratio / Days to CoverCiena has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Ciena has recently decreased by 2.19%, indicating that investor sentiment is improving. Previous Next 0.0 Dividend Strength Dividend YieldCiena does not currently pay a dividend.Dividend GrowthCiena does not have a long track record of dividend growth. Previous Next 3.9 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreCiena has received a 51.46% net impact score from Upright. The largest positive contribution comes from its "Knowledge infrastructure" impact, which is mostly driven by its "Routers", "Network switches", and "Telecommunications network engineering for 5G networks" products. See details.Environmental SustainabilityThe Environmental Impact score for Ciena is -0.77. Previous Next 1.5 News and Social Media Coverage News SentimentCiena has a news sentiment score of 0.73. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Ciena this week, compared to 7 articles on an average week.Search InterestOnly 11 people have searched for CIEN on MarketBeat in the last 30 days. This is a decrease of -35% compared to the previous 30 days.MarketBeat FollowsOnly 6 people have added Ciena to their MarketBeat watchlist in the last 30 days. This is a decrease of -14% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn 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 $1,031,032.00 in company stock.Percentage Held by InsidersOnly 0.83% of the stock of Ciena is held by insiders.Percentage Held by Institutions91.99% of the stock of Ciena is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Ciena's insider trading history. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Ciena are expected to grow by 59.84% in the coming year, from $1.22 to $1.95 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Ciena is 45.23, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.40.Price to Earnings Ratio vs. SectorThe P/E ratio of Ciena is 45.23, 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 254.26.Price to Earnings Growth RatioCiena has a PEG Ratio of 4.58. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioCiena has a P/B Ratio of 2.44. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Ciena's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Behind the MarketsWill this AI Micro-Cap be Bigger than NVIDIA?With NVIDIA flying high, everyone is looking for the next breakout AI stock. But right now... There's only ONE AI stock you should be watching.Get the full story here >>> About Ciena Stock (NYSE:CIEN)Ciena Corporation provides hardware and software services for delivery of video, data, and voice traffic metro, aggregation, and access communications network worldwide. The company's Networking Platforms segment offers convergence of coherent optical transport, open optical networking, optical transport network switching, IP routing, and switching services. Its products include 6500 Packet-Optical Platform, Waveserver stackable interconnect system, and the 6500 Reconfigurable line system, and the 5400 family of Packet-Optical platforms, as well as 8100 coherent routing platforms; 3000 family of service delivery switches and the 5000 family of service aggregation switches, as well as 8700 Packetwave Platform 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, multi-cloud orchestration, and unified assurance and analytics services. Its Platform Software and Service segment offers MCP domain controller solution, and OneControl unified management system, as well as planning tools. The company's Global Services segment provides maintenance support and training, installation and deployment, and consulting and network design services. Ciena Corporation was incorporated in 1992 and is headquartered in Hanover, Maryland.Read More CIEN Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CIEN Stock News HeadlinesJune 6, 2024 | insidertrades.comGary B. Smith Sells 4,166 Shares of Ciena Co. (NYSE:CIEN) StockMay 18, 2024 | insidertrades.comInsider Selling: Ciena Co. (NYSE:CIEN) SVP Sells 1,288 Shares of StockJune 13, 2024 | americanbankingnews.comCiena (NYSE:CIEN) Upgraded to "Overweight" by Morgan StanleyJune 12, 2024 | benzinga.comCloud Should Be An Outsized Growth Driver For Ciena Across Fiscal 2025: Morgan Stanley AnalystJune 10, 2024 | seekingalpha.comWhy Ciena Soared And Then Slumped After Q2 2024 EarningsJune 9, 2024 | americanbankingnews.comBarclays Trims Ciena (NYSE:CIEN) Target Price to $55.00June 9, 2024 | americanbankingnews.comRosenblatt Securities Increases Ciena (NYSE:CIEN) Price Target to $54.00June 8, 2024 | americanbankingnews.comCiena (NYSE:CIEN) Price Target Lowered to $55.00 at BarclaysJune 8, 2024 | americanbankingnews.comCiena (NYSE:CIEN) Given New $66.00 Price Target at B. RileyJune 7, 2024 | gurufocus.comQ2 2024 Ciena Corp Earnings Call TranscriptJune 6, 2024 | gurufocus.comCiena Rises After Solid Q2 EPS Beat Despite Lowered GuidanceJune 6, 2024 | benzinga.comCiena Reports Stronger-Than-Expected Q2 Results, CEO Highlights Bandwidth Demand GrowthJune 6, 2024 | gurufocus.comCiena Corp (CIEN) Q2 2024 Earnings: Revenue Beats Estimates, Adjusted EPS Surpasses ExpectationsJune 6, 2024 | seekingalpha.comCiena Corporation 2024 Q2 - Results - Earnings Call PresentationJune 6, 2024 | businesswire.comCiena Reports Fiscal Second Quarter 2024 Financial ResultsJune 3, 2024 | businesswire.comConstl, a Space World Company, Selects Ciena Optical Technology to Offer High-Capacity Digital Connectivity in IndiaMay 29, 2024 | finance.yahoo.comOptical and Routing Hardware Spending Drops 15% in 1Q24May 22, 2024 | finance.yahoo.comCiena Global Study Finds 60% of CSPs Believe AI Will Improve Network Operational Efficiency By 40% or MoreMay 22, 2024 | markets.businessinsider.comCiena hosts conference call for investorsMay 21, 2024 | finance.yahoo.comCiena Corporation's (NYSE:CIEN) Intrinsic Value Is Potentially 63% Above Its Share PriceMay 17, 2024 | finance.yahoo.comInsider Sale: President and CEO Gary Smith Sells 4,166 Shares of Ciena Corp (CIEN)May 17, 2024 | finance.yahoo.comInsider Sale: SVP and Chief Strategy Officer David Rothenstein Sells 3,500 Shares of Ciena Corp ...May 15, 2024 | finance.yahoo.comIP Infusion Hosts the First Telecom Infra Project MANTRA Proof of Concept Assessing IPoDWDM Commercial Solutions Based on Open StandardsMay 15, 2024 | prnewswire.comConterra Networks Launches 400Gb/s Waves Service for Carrier Clients with CienaMay 11, 2024 | sports.yahoo.comHear them roar: Favorites shine as prep softball and baseball tournaments get under waySee More Headlines Receive CIEN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Ciena and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings6/06/2024Today6/18/2024Next Earnings (Estimated)8/29/2024Fiscal Year End10/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorComputer and Technology Industry Telephone & telegraph apparatus Sub-IndustryCommunications Equipment Current SymbolNYSE:CIEN CUSIP17177930 CIK936395 Webwww.ciena.com Phone(410) 694-5700Fax410-694-5750Employees8,483Year Founded1992Price Target and Rating Average Stock Price Target$57.25 High Stock Price Target$66.00 Low Stock Price Target$44.00 Potential Upside/Downside+21.7%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage12 Analysts Profitability EPS (Most Recent Fiscal Year)$1.04 Trailing P/E Ratio45.23 Forward P/E Ratio38.56 P/E Growth4.58Net Income$254.83 million Net Margins3.71% Pretax Margin4.59% Return on Equity7.16% Return on Assets3.69% Debt Debt-to-Equity Ratio0.53 Current Ratio3.88 Quick Ratio2.76 Sales & Book Value Annual Sales$4.39 billion Price / Sales1.54 Cash Flow$3.04 per share Price / Cash Flow15.49 Book Value$19.27 per share Price / Book2.44Miscellaneous Outstanding Shares143,710,000Free Float142,512,000Market Cap$6.76 billion OptionableOptionable Beta0.99 Social Links 10 Best Stocks to Own in 2024Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2024 and why they should be in your portfolio. Get This Free Report Key ExecutivesMr. Gary B. Smith (Age 64)CEO, President & Director Comp: $2.5MMr. James E. Moylan Jr. (Age 73)Senior VP of Finance & CFO Comp: $1.15MMr. Jason M. Phipps (Age 52)Senior Vice President of Global Customer Engagement Comp: $1.1MMr. David M. Rothenstein (Age 56)Senior VP, Chief Strategy Officer & Corporate Secretary Comp: $975.37kDr. Patrick H. Nettles (Age 81)Executive Chairman of the Board Comp: $156kMr. Stephen B. Alexander (Age 65)CTO & Member of Technology Advisory Council Comp: $746.16kMr. Gregg M. LampfVice President of Investor RelationsMs. Sheela Kosaraju (Age 51)Senior VP, General Counsel, Assistant Secretary & Interim Chief People Officer Ms. Rebecca SmithSenior VP of Global Marketing & CommunicationsMr. Joseph R. Cumello (Age 52)Senior VP & GM of Blue Planet More ExecutivesKey CompetitorsJuniper NetworksNYSE:JNPRF5NASDAQ:FFIVEchoStarNASDAQ:SATSInterDigitalNASDAQ:IDCCCalixNYSE:CALXView All CompetitorsInsiders & InstitutionsGary B SmithSold 4,166 sharesTotal: $199,926.34 ($47.99/share)Boston PartnersSold 16,004 shares on 5/28/2024Ownership: 0.148%Burney Co.Sold 1,875 shares on 5/22/2024Ownership: 0.014%Swedbank ABBought 975,000 shares on 5/21/2024Ownership: 0.674%Virtu Financial LLCBought 6,888 shares on 5/20/2024Ownership: 0.005%View All Insider TransactionsView All Institutional Transactions CIEN Stock Analysis - Frequently Asked Questions Should I buy or sell Ciena stock right now? 12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CIEN shares. View CIEN analyst ratings or view top-rated stocks. What is Ciena's stock price target for 2024? 12 brokers have issued twelve-month target prices for Ciena's stock. Their CIEN share price targets range from $44.00 to $66.00. On average, they predict the company's share price to reach $57.25 in the next year. This suggests a possible upside of 21.7% from the stock's current price. View analysts price targets for CIEN or view top-rated stocks among Wall Street analysts. How have CIEN shares performed in 2024? Ciena's stock was trading at $45.01 at the beginning of the year. Since then, CIEN shares have increased by 4.5% and is now trading at $47.04. View the best growth stocks for 2024 here. Are investors shorting Ciena? Ciena saw a increase in short interest in May. As of May 15th, there was short interest totaling 5,490,000 shares, an increase of 5.6% from the April 30th total of 5,200,000 shares. Based on an average daily trading volume, of 1,920,000 shares, the days-to-cover ratio is presently 2.9 days. Currently, 3.9% of the company's stock are sold short. View Ciena's Short Interest. When is Ciena's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, August 29th 2024. View our CIEN earnings forecast. How were Ciena's earnings last quarter? Ciena Co. (NYSE:CIEN) posted its quarterly earnings results on Thursday, June, 6th. The communications equipment provider reported $0.27 EPS for the quarter, beating the consensus estimate of $0.15 by $0.12. The communications equipment provider had revenue of $910.80 million for the quarter, compared to the consensus estimate of $895.80 million. Ciena had a net margin of 3.71% and a trailing twelve-month return on equity of 7.16%. The company's quarterly revenue was down 19.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.59 earnings per share. What ETFs hold Ciena's stock? ETFs with the largest weight of Ciena (NYSE:CIEN) stock in their portfolio include iShares U.S. Digital Infrastructure and Real Estate ETF (IGN), SPDR S&P Telecom ETF (XTL), iShares U.S. Telecommunications ETF (IYZ), Innovator Deepwater Frontier Tech ETF (LOUP), iShares Future Cloud 5G and Tech ETF (IDAT), Madison Covered Call ETF (CVRD), iShares U.S. Digital Infrastructure and Real Estate ETF (IDGT) and SRH U.S. Quality ETF (SRHQ). What guidance has Ciena issued on next quarter's earnings? Ciena updated its third quarter 2024 earnings guidance on Friday, June, 7th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $880.0 million-$960.0 million, compared to the consensus revenue estimate of $1.0 billion. What is Gary B. Smith's approval rating as Ciena's CEO? 581 employees have rated Ciena Chief Executive Officer Gary B. Smith on Glassdoor.com. Gary B. Smith has an approval rating of 95% among the company's employees. This puts Gary B. Smith in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. 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), Walt Disney (DIS) and Skyworks Solutions (SWKS). Who are Ciena's major shareholders? Ciena's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.39%), BNP PARIBAS ASSET MANAGEMENT Holding S.A. (3.45%), Price T Rowe Associates Inc. MD (1.43%), Fort Pitt Capital Group LLC (1.14%), Rokos Capital Management LLP (1.05%) and Capital World Investors (0.82%). Insiders that own company stock include Andrew C Petrik, Brodie Gage, David M Rothenstein, David M Rothenstein, Gary B Smith, Gary B Smith, James E Moylan Jr, James E Moylan, Jr, Jason Phipps, Joseph Cumello, Judith M Obrien, Rick Hamilton, Scott Mcfeely, Stephen B Alexander, Stephen B Alexander and Thomas Michael Nevens. View institutional ownership trends. How do I buy shares of Ciena? Shares of CIEN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. Does Ciena have any subsidiaries? The following companies are subsidiares of Ciena: Akara, Astracom, Catena Networks, Centina Systems Inc, Ciena Canada ULC, Ciena Communications Inc, Ciena Communications Singapore PTE. LTD, Ciena Global Holding LP, Ciena Global Products Company LTD, Ciena Switzerland GMBH, DonRiver, Internet Photonics, Lightera, ONI Systems, Packet Design, PhyFlex Networks, Wavesmith Networks, World Wide Packets, and cyan.Read More This page (NYSE:CIEN) was last updated on 6/18/2024 by MarketBeat.com Staff From Our PartnersBigger Than NVIDIA?With NVIDIA flying high, everyone is looking for the next breakout stock. But right now... There's only ...Behind the Markets | SponsoredBeta testers blew this thing upThis AI trading tool is probably unlike anything you've ever seen before… It scans the entire market and fi...Prosper Trading Academy | SponsoredUnexpected twist to Trump’s trialUnexpected Twist to Trump's Trial Most folks sense there's more to the Trump trial than meets the eye. 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