S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
Stock market today: Wall Street drifts to a mixed finish as yields tick higher
What's Driving Tesla Lower Ahead of its Earnings?
3 Steel Stocks Could Soar on New China Tariffs
These are the Top 4 Stocks for Buybacks in 2024
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
How major US stock indexes fared Thursday, 4/18/2024
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
Stock market today: Wall Street drifts to a mixed finish as yields tick higher
What's Driving Tesla Lower Ahead of its Earnings?
3 Steel Stocks Could Soar on New China Tariffs
These are the Top 4 Stocks for Buybacks in 2024
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
How major US stock indexes fared Thursday, 4/18/2024
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
Stock market today: Wall Street drifts to a mixed finish as yields tick higher
What's Driving Tesla Lower Ahead of its Earnings?
3 Steel Stocks Could Soar on New China Tariffs
These are the Top 4 Stocks for Buybacks in 2024
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
How major US stock indexes fared Thursday, 4/18/2024
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
Stock market today: Wall Street drifts to a mixed finish as yields tick higher
What's Driving Tesla Lower Ahead of its Earnings?
3 Steel Stocks Could Soar on New China Tariffs
These are the Top 4 Stocks for Buybacks in 2024
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
How major US stock indexes fared Thursday, 4/18/2024
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
NYSE:CIEN

Ciena (CIEN) Stock Price, News & Analysis

$43.77
-1.03 (-2.30%)
(As of 05:32 PM ET)
Today's Range
$43.40
$44.62
50-Day Range
$44.33
$62.47
52-Week Range
$39.94
$63.24
Volume
1.50 million shs
Average Volume
2.03 million shs
Market Capitalization
$6.33 billion
P/E Ratio
28.42
Dividend Yield
N/A
Price Target
$58.79

Ciena MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.82 Rating Score
Upside/​Downside
34.3% Upside
$58.79 Price Target
Short Interest
Healthy
3.71% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.77
Upright™ Environmental Score
News Sentiment
0.42mentions of Ciena in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$5.75 M Sold Last Quarter
Proj. Earnings Growth
56.85%
From $1.46 to $2.29 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.

4.91 out of 5 stars

Computer And Technology Sector

16th out of 586 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

Biden’s $374B Giveaway Into This Sector
Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here
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.
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
Biden’s $374B Giveaway Into This Sector
Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here
Ciena (NYSE:CIEN) Coverage Initiated at Citigroup
Ciena (NYSE:CIEN) Shares Gap Down to $47.10
BNP Paribas Initiates Coverage on Ciena (NYSE:CIEN)
7 Analysts Assess Ciena: What You Need To Know
See 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.

Company Calendar

Last Earnings
3/07/2024
Today
4/18/2024
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
$58.79
High Stock Price Target
$68.00
Low Stock Price Target
$41.00
Potential Upside/Downside
+31.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.82
Research Coverage
11 Analysts

Profitability

Net Income
$254.83 million
Pretax Margin
6.73%

Debt

Sales & Book Value

Annual Sales
$4.39 billion
Cash Flow
$3.00 per share
Book Value
$19.27 per share

Miscellaneous

Free Float
143,403,000
Market Cap
$6.48 billion
Optionable
Optionable
Beta
0.99

Social Links

13 Stocks Institutional Investors Won't Stop Buying Cover

Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.

Get This Free Report

CIEN Stock Analysis - Frequently Asked Questions

Should I buy or sell Ciena stock right now?

11 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, 1 hold rating, 8 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?

11 brokers have issued 1 year target prices 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 year. This suggests a possible upside of 34.3% 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 2.8% and is now trading at $43.77.
View the best growth stocks for 2024 here
.

Are investors shorting Ciena?

Ciena saw a drop in short interest in the month of March. As of March 15th, there was short interest totaling 5,050,000 shares, a drop 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. Currently, 3.5% of the shares of the company 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) released its quarterly earnings data on Thursday, March, 7th. The communications equipment provider reported $0.66 EPS 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 the consensus estimate of $1.02 billion. Ciena had a trailing twelve-month return on equity of 9.92% and a net margin of 5.22%. Ciena's quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.48 earnings per share.

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 a number of institutional and retail investors. Top institutional investors include Fort Pitt Capital Group LLC (1.14%), Wealth Enhancement Advisory Services LLC (0.56%), Harbour Capital Advisors LLC (0.02%), Gateway Investment Advisers LLC (0.02%), Washington Capital Management Inc. (0.01%) and Park Avenue Securities LLC (0.01%). 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 4/18/2024 by MarketBeat.com Staff

From Our Partners