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(From Crypto 101 Media) (Ad) Free CIEN Stock Alerts $49.45 -1.04 (-2.06%) (As of 03/28/2024 ET) Add Compare Share Share Today's Range$49.37▼$50.4650-Day Range$49.50▼$62.4752-Week Range$39.94▼$63.24Volume1.48 million shsAverage Volume2.14 million shsMarket Capitalization$7.15 billionP/E Ratio32.11Dividend YieldN/APrice Target$60.71 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 Buy2.92 Rating ScoreUpside/Downside22.8% Upside$60.71 Price TargetShort InterestHealthy3.54% of Float Sold ShortDividend StrengthN/ASustainability-0.77Upright™ Environmental ScoreNews Sentiment0.90Based on 11 Articles This WeekInsider TradingSelling Shares$6.19 M Sold Last QuarterProj. Earnings Growth54.72%From $1.59 to $2.46 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.4.91 out of 5 starsComputer And Technology Sector22nd out of 587 stocksTelephone & Telegraph Apparatus Industry1st out of 9 stocks 2.5 Analyst's Opinion Consensus RatingCiena has received a consensus rating of Moderate Buy. The company's average rating score is 2.92, and is based on 9 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $60.71, Ciena has a forecasted upside of 22.8% from its current price of $49.45.Amount of Analyst CoverageCiena has only been the subject of 3 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted3.54% of the float of Ciena has been sold short.Short Interest Ratio / Days to CoverCiena has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Ciena has recently decreased by 15.83%, indicating that investor sentiment is improving significantly. 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 3.8 News and Social Media Coverage News SentimentCiena has a news sentiment score of 0.90. 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 is a higher news sentiment than the 0.59 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 11 news articles for Ciena this week, compared to 7 articles on an average week.Search Interest28 people have searched for CIEN on MarketBeat in the last 30 days. This is an increase of 8% compared to the previous 30 days.MarketBeat Follows13 people have added Ciena to their MarketBeat watchlist in the last 30 days. This is an increase of 18% 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 $6,190,306.00 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 54.72% in the coming year, from $1.59 to $2.46 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Ciena is 32.11, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 141.11.Price to Earnings Ratio vs. SectorThe P/E ratio of Ciena is 32.11, 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 253.61.Price to Earnings Growth RatioCiena has a PEG Ratio of 2.07. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioCiena has a P/B Ratio of 2.45. 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 WealthPressA lot of people are making this costly mistakeYou may have heard the saying “options are risky” … And, they can be. But only if you use them the way a lot of folks do. A lot of people think of BUYING speculative options when they talk about options. And BUYING low probability, speculative options is definitely risky… It’s how some folks leverage large sums of money hoping that a stock moves in the “right” direction over a certain period of time. Click here to jump in on the next one 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 HeadlinesMarch 20, 2024 | insidertrades.comCiena Co. (NYSE:CIEN) SVP David M. Rothenstein Sells 3,500 SharesMarch 19, 2024 | marketbeat.comWhat 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.March 28, 2024 | WealthPress (Ad)A lot of people are making this costly mistakeYou may have heard the saying “options are risky” … And, they can be. But only if you use them the way a lot of folks do. A lot of people think of BUYING speculative options when they talk about options. And BUYING low probability, speculative options is definitely risky… It’s how some folks leverage large sums of money hoping that a stock moves in the “right” direction over a certain period of time. March 19, 2024 | marketbeat.comWhat 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 marketMarch 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 28, 2024 | Gold Safe Exchange (Ad)Trump’s “Tax Free” Retirement Strategy Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.March 22, 2024 | americanbankingnews.comDavid M. Rothenstein Sells 3,500 Shares of Ciena Co. (NYSE:CIEN) StockMarch 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 21, 2024 | americanbankingnews.comCiena Co. (NYSE:CIEN) CEO Sells $207,633.44 in StockMarch 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 callMarch 11, 2024 | finance.yahoo.comSEA-ME-WE 4 Enables Global Digitalization with Enhanced Connectivity Powered by CienaMarch 10, 2024 | finance.yahoo.comCIEN Mar 2024 25.000 callMarch 9, 2024 | finance.yahoo.comCIEN Oct 2024 70.000 callMarch 9, 2024 | msn.comCiena Stock Tumbles as Revenue Outlook Misses. CEO Cites ‘Supply Chain Whiplash.’March 8, 2024 | insidermonkey.comCiena Corporation (NYSE:CIEN) Q1 2024 Earnings Call TranscriptMarch 8, 2024 | insidermonkey.comShould You Hold Ciena Corporation (CIEN)?March 8, 2024 | finance.yahoo.comQ1 2024 Ciena Corp Earnings CallMarch 7, 2024 | finance.yahoo.comCiena Corp (CIEN) Reports Mixed Fiscal Q1 2024 Results Amid Inventory ChallengesMarch 7, 2024 | finance.yahoo.comCiena Stock Falls As Guidance Misses Amid Weak Telecom DemandMarch 7, 2024 | investorplace.comCIEN Stock Earnings: Ciena Beats EPS, Beats Revenue for Q1 2024March 7, 2024 | fool.comWhy Ciena Stock Flopped TodayMarch 7, 2024 | sfgate.comCiena: Fiscal Q1 Earnings SnapshotSee 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 Earnings3/07/2024Today3/28/2024Next 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$60.71 High Stock Price Target$71.00 Low Stock Price Target$41.00 Potential Upside/Downside+20.8%Consensus RatingModerate Buy Rating Score (0-4)2.92 Research Coverage12 Analysts Profitability EPS (Most Recent Fiscal Year)$1.54 Trailing P/E Ratio32.65 Forward P/E Ratio31.62 P/E Growth2.07Net 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 / Sales1.66 Cash Flow$3.06 per share Price / Cash Flow16.42 Book Value$20.22 per share Price / Book2.49Miscellaneous Outstanding Shares144,600,000Free Float143,403,000Market Cap$7.27 billion OptionableOptionable Beta1.01 Social Links Investing Strategies To Help Grow Your Retirement IncomeNeed to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.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:FNGeneracNYSE:GNRCCognexNASDAQ:CGNXKTNYSE:KTBILLNYSE:BILLView All CompetitorsInsiders & InstitutionsPNC Financial Services Group Inc.Sold 8,771 shares on 3/22/2024Ownership: 0.018%Gary B SmithSold 4,166 sharesTotal: $207,633.44 ($49.84/share)David M RothensteinSold 3,500 sharesTotal: $175,665.00 ($50.19/share)Vanguard Group Inc.Sold 58,623 shares on 3/11/2024Ownership: 10.391%Congress Asset Management Co. MASold 1,951,020 shares on 3/4/2024Ownership: 0.014%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 year. There are currently 2 hold ratings, 9 buy ratings and 1 strong buy rating 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 12-month target prices for Ciena's shares. Their CIEN share price targets range from $41.00 to $71.00. On average, they expect the company's share price to reach $60.71 in the next year. This suggests a possible upside of 22.8% 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 start of the year. Since then, CIEN shares have increased by 9.9% and is now trading at $49.45. View the best growth stocks for 2024 here. Are investors shorting Ciena? Ciena saw a decrease in short interest in 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 short-interest ratio is presently 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) posted its quarterly earnings results on Thursday, March, 7th. The communications equipment provider reported $0.66 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.18. The communications equipment provider earned $1.04 billion during 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%. The business's quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $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), SPDR S&P Telecom ETF (XTL), Future Fund Long/Short ETF (FFLS), iShares U.S. Telecommunications ETF (IYZ), Future Fund Active ETF (FFND), iShares Future Cloud 5G and Tech ETF (IDAT), First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT) and First Trust Indxx NextG ETF (NXTG). 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 earnings per share 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 retail and institutional investors. Top institutional investors 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 From Our PartnersTrump’s “Tax Free” Retirement Strategy Gold Safe ExchangeGrab Your Free Bitcoin Today!Crypto Swap ProfitsMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceTop Project Outperforms BTC in 2023…Crypto 101 MediaFed launches fourth dollar overhaulStansberry ResearchBREAKING: New AI Breakthrough Could Change Healthcare ForeverBehind the MarketsThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading Academy“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research Advisory Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. 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