NYSE:CIEN Ciena (CIEN) Stock Price, News & Analysis → The A.I. story nobody is telling you (Read ASAP) (From TradeSmith) (Ad) Free CIEN Stock Alerts $44.75 +0.83 (+1.89%) (As of 04/23/2024 ET) Add Compare Share Share Today's Range$43.53▼$44.9350-Day Range$43.57▼$62.4752-Week Range$39.94▼$63.24Volume1.85 million shsAverage Volume2.01 million shsMarket Capitalization$6.47 billionP/E Ratio29.06Dividend YieldN/APrice Target$58.79 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Get Ciena alerts: Email Address Ciena MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.82 Rating ScoreUpside/Downside31.5% Upside$58.79 Price TargetShort InterestHealthy3.71% of Float Sold ShortDividend StrengthN/ASustainability-0.77Upright™ Environmental ScoreNews Sentiment0.36Based on 13 Articles This WeekInsider TradingSelling Shares$5.75 M Sold Last QuarterProj. Earnings Growth56.85%From $1.46 to $2.29 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.4.93 out of 5 starsComputer And Technology Sector16th out of 591 stocksTelephone & Telegraph Apparatus Industry1st out of 10 stocks 4.4 Analyst's Opinion Consensus RatingCiena has received a consensus rating of Moderate Buy. The company's average rating score is 2.82, and is based on 8 buy ratings, 1 hold rating, and 1 sell rating.Amount of Analyst CoverageCiena has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted3.71% of the float of Ciena has been sold short.Short Interest Ratio / Days to CoverCiena has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Ciena has recently increased by 4.55%, indicating that investor sentiment is decreasing. 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 1.9 News and Social Media Coverage News SentimentCiena has a news sentiment score of 0.36. 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 13 news articles for Ciena this week, compared to 7 articles on an average week.Search InterestOnly 9 people have searched for CIEN on MarketBeat in the last 30 days. This is a decrease of -65% compared to the previous 30 days.MarketBeat FollowsOnly 8 people have added Ciena to their MarketBeat watchlist in the last 30 days. This is a decrease of -47% 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 $5,754,880.00 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. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Ciena are expected to grow by 56.85% in the coming year, from $1.46 to $2.29 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Ciena is 29.04, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 141.61.Price to Earnings Ratio vs. SectorThe P/E ratio of Ciena is 29.04, 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 246.35.Price to Earnings Growth RatioCiena has a PEG Ratio of 1.99. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioCiena has a P/B Ratio of 2.32. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad The TradingPubAt first glance, this chart looks like nonsense…We can isolate the most bullish dates to buy Netflix each and every year… That’s why one former hedge fund manager calls these dates… “Hotspot Dates”But if you want the stock with “Hotspot Dates” hitting NEXT WEEK… 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 HeadlinesApril 23, 2024 | marketbeat.comExtreme Networks Snags an Upgrade on Inventory Normalization (CIEN)Extreme Networks Inc. (NASDAQ: EXTR) is a cloud-driven networking solutions provider that serves three seemingly “recession-proof” industries: governmentApril 19, 2024 | insidertrades.comJoseph Cumello Sells 3,156 Shares of Ciena Co. (NYSE:CIEN) StockApril 23, 2024 | WealthPress (Ad)The system that called 2023’s top 7 stocks is at it again…Look 2023 kind of sucked from a trading standpoint… Despite the market finishing 24% higher…. Just seven stocks did all of the work… Unless you were holding or actively trading those 7 stocks, your trading year probably wasn’t as fruitful as you had hoped… According to my research, my new trading system would have spotted all seven of the “Magnificent stocks” MONTHS before they reached the highs they are trading at today.April 4, 2024 | insidertrades.comBrodie Gage Sells 533 Shares of Ciena Co. (NYSE:CIEN) StockApril 22, 2024 | markets.businessinsider.comCiena’s Market Dominance and Growth Potential Justify Buy RatingApril 19, 2024 | americanbankingnews.comGary B. Smith Sells 4,166 Shares of Ciena Co. (NYSE:CIEN) StockApril 18, 2024 | finance.yahoo.comPresident and CEO Gary Smith Sells 4,166 Shares of Ciena Corp (CIEN)April 17, 2024 | businesswire.comIP Infusion Completes Certification for Ciena 400G ZR/ZR+ Optics for Converged IP/Optical White Box SolutionApril 23, 2024 | The TradingPub (Ad)At first glance, this chart looks like nonsense…We can isolate the most bullish dates to buy Netflix each and every year… That’s why one former hedge fund manager calls these dates… “Hotspot Dates”April 16, 2024 | businesswire.comHSPnet Launches High Capacity B3JS and BDMCS NetworksApril 14, 2024 | americanbankingnews.comCiena (NYSE:CIEN) Coverage Initiated at CitigroupApril 14, 2024 | americanbankingnews.comCiena (NYSE:CIEN) Shares Gap Down to $47.10April 13, 2024 | americanbankingnews.comBNP Paribas Initiates Coverage on Ciena (NYSE:CIEN)April 12, 2024 | finance.yahoo.comCiena Has an AI Opportunity but It May Take Time. Citi Says to Sell.April 11, 2024 | markets.businessinsider.com7 Analysts Assess Ciena: What You Need To KnowApril 9, 2024 | finance.yahoo.comBlue Planet Unveils Industry’s Only Multi-Cloud Native OSS PlatformApril 9, 2024 | businesswire.comBlue Planet Unveils Industry's Only Multi-Cloud Native OSS PlatformApril 5, 2024 | seekingalpha.comCiena's Large Legacy Business Weighing On Near-Term Growth And SentimentMarch 29, 2024 | msn.comThe generation with answers: Tech-savvy Indian youth tackling global challengesMarch 27, 2024 | finance.yahoo.comCiena Celebrates Major Customer Milestones and Optical Leadership at OFC 2024 in San DiegoMarch 27, 2024 | finance.yahoo.comToshiba, Ciena Collaborate to Demonstrate Quantum Secure Communication at OFCMarch 25, 2024 | finanznachrichten.deDrivenets Ltd.: DriveNets and Ciena Complete Joint Testing of ZR/ZR+ Solution for Network Cloud PlatformMarch 25, 2024 | finance.yahoo.comDriveNets and Ciena Complete Joint Testing of ZR/ZR+ Solution for Network Cloud PlatformMarch 21, 2024 | investing.comCiena Corp executive sells $175.7k in company stockMarch 21, 2024 | finance.yahoo.comCiena Corporation's (NYSE:CIEN) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?March 19, 2024 | ca.finance.yahoo.comInsider Sell: SVP and Chief Strategy Officer David Rothenstein Sells 3,500 Shares of Ciena Corp ...March 16, 2024 | ca.finance.yahoo.comCIEN Jan 2025 90.000 callSee 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 Earnings3/07/2024Today4/23/2024Next Earnings (Estimated)6/04/2024Fiscal 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$58.79 High Stock Price Target$68.00 Low Stock Price Target$41.00 Potential Upside/Downside+33.4%Consensus RatingModerate Buy Rating Score (0-4)2.82 Research Coverage11 Analysts Profitability EPS (Most Recent Fiscal Year)$1.54 Trailing P/E Ratio28.62 Forward P/E Ratio30.18 P/E Growth1.99Net Income$254.83 million Net Margins5.22% Pretax Margin6.73% Return on Equity9.92% Return on Assets5.08% Debt Debt-to-Equity Ratio0.53 Current Ratio4.29 Quick Ratio3.12 Sales & Book Value Annual Sales$4.39 billion Price / Sales1.45 Cash Flow$3.05 per share Price / Cash Flow14.45 Book Value$19.27 per share Price / Book2.29Miscellaneous Outstanding Shares144,600,000Free Float143,403,000Market Cap$6.37 billion OptionableOptionable Beta0.99 Social Links A Guide To High-Short-Interest StocksMarketBeat's analysts have just released their top five short plays for May 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.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 CompetitorsFabrinetNYSE:FNRedditNYSE:RDDTSentinelOneNYSE:SUbiquitiNYSE:UIBILLNYSE:BILLView All CompetitorsInsiders & InstitutionsAmalgamated BankSold 13,163 shares on 4/23/2024Ownership: 0.055%Raymond James Financial Services Advisors Inc.Bought 13,095 shares on 4/23/2024Ownership: 0.021%Fifth Third BancorpSold 7,595 shares on 4/23/2024Ownership: 0.001%Raymond James & AssociatesSold 3,063 shares on 4/22/2024Ownership: 0.071%PFG Investments LLCBought 6,078 shares on 4/22/2024Ownership: 0.004%View All Insider TransactionsView All Institutional Transactions CIEN Stock Analysis - Frequently Asked Questions Should I buy or sell Ciena stock right now? 11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ciena in the last twelve months. There are currently 1 sell rating, 1 hold rating, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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? 11 brokers have issued 1-year price objectives for Ciena's stock. Their CIEN share price targets range from $41.00 to $68.00. On average, they anticipate the company's share price to reach $58.79 in the next twelve months. This suggests a possible upside of 31.5% 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 on January 1st, 2024. Since then, CIEN shares have decreased by 0.6% and is now trading at $44.72. View the best growth stocks for 2024 here. Are investors shorting Ciena? Ciena saw a decrease in short interest in 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 trading volume of 2,100,000 shares, the days-to-cover ratio is currently 2.4 days. Approximately 3.5% of the company's shares are short sold. 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) issued its quarterly earnings results on Thursday, March, 7th. The communications equipment provider reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.18. The communications equipment provider had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. Ciena had a net margin of 5.22% and a trailing twelve-month return on equity of 9.92%. Ciena's quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.48 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), Innovator Deepwater Frontier Tech ETF (LOUP), SPDR S&P Telecom ETF (XTL), iShares U.S. Telecommunications ETF (IYZ), iShares Future Cloud 5G and Tech ETF (IDAT), Madison Covered Call ETF (CVRD), Future Fund Long/Short ETF (FFLS) and Hilton Small-MidCap Opportunity ETF (SMCO). What guidance has Ciena issued on next quarter's earnings? Ciena issued an update on its FY 2024 earnings guidance on Thursday, March, 7th. The company provided 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 a variety of institutional and retail investors. Top institutional shareholders include Fort Pitt Capital Group LLC (1.14%), Wealth Enhancement Advisory Services LLC (0.56%), Raymond James & Associates (0.07%), Amalgamated Bank (0.05%), Deepwater Asset Management LLC (0.02%) and Raymond James Financial Services Advisors Inc. (0.02%). Insiders that own company stock include Andrew C Petrik, Andrew C Petrik, Brodie Gage, 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 4/23/2024 by MarketBeat.com Staff From Our Partnerstop AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)Traders AgencyDid You Get Your Free Bitcoin Yet?Crypto Swap ProfitsDon’t Miss Out on the AI Gold Rush That’s Just Getting StartedBanyan Hill PublishingMan Who Predicted 2008: “This Will be Worse.”AltimetryGreat Crypto BullWeiss RatingsThe Next Nvidia?InvestorPlaceExposed: 10 CENT Crypto to Explode April 20th?True Market InsidersBiden out June 13; Kamala won’t replace him?Paradigm Press Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Ciena Co. 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