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Ciena (CIEN) Stock Price, News & Analysis

$49.74
-0.75 (-1.49%)
(As of 01:27 PM ET)
Today's Range
$49.69
$50.46
50-Day Range
$49.50
$62.47
52-Week Range
$39.94
$63.24
Volume
554,069 shs
Average Volume
2.13 million shs
Market Capitalization
$7.19 billion
P/E Ratio
32.30
Dividend Yield
N/A
Price Target
$60.71

Ciena MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.92 Rating Score
Upside/​Downside
21.6% Upside
$60.71 Price Target
Short Interest
Healthy
3.54% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.77
Upright™ Environmental Score
News Sentiment
0.90mentions of Ciena in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$6.19 M Sold Last Quarter
Proj. Earnings Growth
54.72%
From $1.59 to $2.46 Per Share

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.

4.92 out of 5 stars

Computer And Technology Sector

22nd out of 587 stocks

Telephone & Telegraph Apparatus Industry

1st out of 9 stocks

CIEN stock logo

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.

CIEN Stock Price History

CIEN Stock News Headlines

What Does Ciena's Forecast Cut Say About Optical Demand for AI?
Ciena Co. NYSE: CIEN is a leading network and optical communications solutions provider based out of Hanover, MD. The computer and technology sector leader has been around since the dawn of the internet and its broadband evolution.
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What Does Ciena’s Forecast Cut Say About Optical Demand for AI?
Ciena issued soft 2024 guidance, but the stock remains a cautious buy because of its 50% market share in the data center interconnect market
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Ciena Co. (NYSE:CIEN) CEO Sells $207,633.44 in Stock
CIEN Jan 2025 90.000 call
CIEN Mar 2024 25.000 call
CIEN Oct 2024 70.000 call
Should You Hold Ciena Corporation (CIEN)?
Q1 2024 Ciena Corp Earnings Call
Why Ciena Stock Flopped Today
Ciena: Fiscal Q1 Earnings Snapshot
See More Headlines
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Company Calendar

Last Earnings
3/07/2024
Today
3/28/2024
Next Earnings (Estimated)
6/04/2024
Fiscal Year End
10/31/2024

Industry, Sector and Symbol

Industry
Telephone & telegraph apparatus
Sub-Industry
Communications Equipment
CUSIP
17177930
Employees
8,483
Year Founded
1992

Price Target and Rating

Average Stock Price Target
$60.71
High Stock Price Target
$71.00
Low Stock Price Target
$41.00
Potential Upside/Downside
+20.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.92
Research Coverage
12 Analysts

Profitability

Net Income
$254.83 million
Pretax Margin
6.73%

Debt

Sales & Book Value

Annual Sales
$4.39 billion
Cash Flow
$3.06 per share
Book Value
$20.22 per share

Miscellaneous

Free Float
143,403,000
Market Cap
$7.27 billion
Optionable
Optionable
Beta
1.01

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CIEN Stock Analysis - Frequently Asked Questions

Should I buy or sell Ciena stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last twelve months. There are currently 2 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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 Wall Street analysts have issued 1 year target prices for Ciena's shares. Their CIEN share price targets range from $41.00 to $71.00. On average, they anticipate the company's share price to reach $60.71 in the next twelve months. This suggests a possible upside of 21.6% 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 2024. Since then, CIEN shares have increased by 11.0% and is now trading at $49.95.
View the best growth stocks for 2024 here
.

Are investors shorting Ciena?

Ciena saw a decrease in short interest during the month of March. As of March 15th, there was short interest totaling 5,050,000 shares, a decrease of 15.8% from the February 29th total of 6,000,000 shares. Based on an average daily trading volume, of 2,100,000 shares, the days-to-cover ratio is presently 2.4 days. Currently, 3.5% 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 Tuesday, June 4th 2024.
View our CIEN earnings forecast
.

How were Ciena's earnings last quarter?

Ciena Co. (NYSE:CIEN) released its earnings results on Thursday, March, 7th. The communications equipment provider reported $0.66 EPS for the quarter, beating the consensus estimate of $0.48 by $0.18. The communications equipment provider earned $1.04 billion during the quarter, compared to analysts' expectations of $1.02 billion. Ciena had a net margin of 5.22% and a trailing twelve-month return on equity of 9.92%. The company's revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the company posted $0.48 EPS.

What guidance has Ciena issued on next quarter's earnings?

Ciena updated its FY 2024 earnings guidance on Thursday, March, 7th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $4.0 billion-$4.3 billion, compared to the consensus revenue estimate of $4.5 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 many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.36%), Vanguard Group Inc. (10.39%), BNP Paribas Asset Management Holding S.A. (3.47%), Capital World Investors (2.42%), Senvest Management LLC (2.04%) and FIL Ltd (1.84%). Insiders that own company stock include Andrew C Petrik, Andrew C Petrik, David M Rothenstein, David M Rothenstein, Gary B Smith, Gary B Smith, Gary E Dickerson, James E Moylan Jr, James E Moylan, Jr, Jason Phipps, Joseph Cumello, Joseph Gebbia, 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 3/28/2024 by MarketBeat.com Staff

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