NYSE:CIEN Ciena (CIEN) Stock Price, News & Analysis $69.72 +0.55 (+0.80%) (As of 11/29/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends About Ciena Stock (NYSE:CIEN) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get Ciena alerts:Sign Up Key Stats Today's Range$69.52▼$70.5050-Day Range$60.53▼$72.0452-Week Range$42.20▼$73.47Volume667,614 shsAverage Volume1.41 million shsMarket Capitalization$10.07 billionP/E Ratio74.17Dividend YieldN/APrice Target$63.08Consensus RatingHold Company OverviewCiena 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… URGENT: Black Friday Flash Sale! (95% Off) (Ad)For the first time this year, we're allowing you to unlock a lifetime subscription to Behind the Markets and receive 6 exclusive reports at the biggest discount we've ever given. In the past year, Behind the Markets subscribers saw an average of 57.54% in returns.Get LIFETIME ACCESS to Behind the Markets for $99 here >>> Ciena Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks91st Percentile Overall ScoreCIEN MarketRank™: Ciena scored higher than 91% of companies evaluated by MarketBeat, and ranked 100th out of 665 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion2.2 / 5Analyst RatingHold Consensus RatingCiena has received a consensus rating of Hold. The company's average rating score is 2.46, and is based on 6 buy ratings, 7 hold ratings, and no sell ratings.Amount of Analyst CoverageCiena has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Ciena's stock forecast and price target. Earnings and Valuation3.1 / 5Proj. Earnings Growth61.06% Earnings GrowthEarnings for Ciena are expected to grow by 61.06% in the coming year, from $1.13 to $1.82 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Ciena is 74.17, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.08.Price to Earnings Ratio vs. SectorThe P/E ratio of Ciena is 74.17, 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 234.07.Price to Earnings Growth RatioCiena has a PEG Ratio of 5.62. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioCiena has a P/B Ratio of 3.62. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Ciena's valuation and earnings. Short Interest3.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted4.39% of the float of Ciena has been sold short.Short Interest Ratio / Days to CoverCiena has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Ciena has recently increased by 3.48%, indicating that investor sentiment is decreasing. Dividend0.0 / 5Dividend StrengthN/A Dividend YieldCiena does not currently pay a dividend.Dividend GrowthCiena does not have a long track record of dividend growth. Sustainability and ESG3.9 / 5Environmental Score-0.77 Percentage of Shares Shorted4.39% of the float of Ciena has been sold short.Short Interest Ratio / Days to CoverCiena has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Ciena has recently increased by 3.48%, indicating that investor sentiment is decreasing. News and Social Media2.7 / 5News Sentiment0.85 News SentimentCiena has a news sentiment score of 0.85. 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 14 news articles for Ciena this week, compared to 9 articles on an average week.Search Interest13 people have searched for CIEN on MarketBeat in the last 30 days. This is an increase of 18% compared to the previous 30 days.MarketBeat FollowsOnly 4 people have added Ciena to their MarketBeat watchlist in the last 30 days. This is a decrease of -73% compared to the previous 30 days. Company Ownership2.5 / 5Insider TradingSelling Shares 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 $657,051.00 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. 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 CIEN Stock News HeadlinesCiena Co. (NYSE:CIEN) SVP Sells $88,928.11 in StockNovember 20, 2024 | insidertrades.comCiena Corporation: Hold, Financials Are Weak Amid A Decisive Technical TurnNovember 27, 2024 | seekingalpha.comYour bank is lying to you.You might think you have your money in a high-yield savings account, but do you really? The national average APY on savings is just 0.58%, but you can get up to 5.0% APY online with these accounts.December 1, 2024 | MyBankTracker (Ad)Should You Think About Buying Ciena Corporation (NYSE:CIEN) Now?November 26, 2024 | finance.yahoo.comVerizon's Fiber network just hit 1.6 terabits per second data speedsNovember 26, 2024 | msn.comVerizon advances its fiber network for AI workloadsNovember 25, 2024 | finance.yahoo.comWhen IR Met AI: How the Technology Is Shaping Earnings-Day PrepNovember 19, 2024 | msn.comHarmonic rises as activist investor pushes for saleNovember 18, 2024 | msn.comSee More Headlines CIEN Stock Analysis - Frequently Asked Questions How have CIEN shares performed this year? Ciena's stock was trading at $45.01 at the beginning of the year. Since then, CIEN shares have increased by 54.9% and is now trading at $69.72. View the best growth stocks for 2024 here. How were Ciena's earnings last quarter? Ciena Co. (NYSE:CIEN) released its earnings results on Wednesday, September, 4th. The communications equipment provider reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.09. The business's revenue for the quarter was down 11.8% compared to the same quarter last year. How will Ciena's stock buyback program work? Ciena's board initiated a stock buyback program on Wednesday, October 2nd 2024, which allows the company to buy back $1,000,000,000 in outstanding shares, according to EventVestor. This means that the company could repurchase up to 10.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's management believes its stock is undervalued. Does Ciena have any subsidiaries? Ciena subsidiaries include Centina Systems Inc, DonRiver, Packet Design, cyan, World Wide Packets, PhyFlex Networks, Catena Networks, and others. Who are Ciena's major shareholders? Top institutional investors of Ciena include FMR LLC (15.00%), State Street Corp (3.07%), BNP PARIBAS ASSET MANAGEMENT Holding S.A. (2.98%) and Thrivent Financial for Lutherans (1.88%). Insiders that own company stock include James E Moylan Jr, David M Rothenstein, Jason Phipps, Scott Mcfeely, Stephen B Alexander, Judith M Obrien, Rick Hamilton, Brodie Gage, Joseph Cumello, Andrew C Petrik 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. What other stocks do shareholders of Ciena own? Based on aggregate information from My MarketBeat watchlists, some other companies that Ciena investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), Adobe (ADBE), CrowdStrike (CRWD) and ServiceNow (NOW). Company Calendar Last Earnings9/04/2024Today12/01/2024Next Earnings (Confirmed)12/12/2024Fiscal Year End10/31/2025Get 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$63.08 High Stock Price Target$75.00 Low Stock Price Target$46.00 Potential Upside/Downside-9.5%Consensus RatingHold Rating Score (0-4)2.46 Research Coverage13 Analysts Profitability EPS (Most Recent Fiscal Year)$0.94 Trailing P/E Ratio74.17 Forward P/E Ratio61.70 P/E Growth5.62Net Income$254.83 million Net Margins3.44% Pretax Margin3.54% Return on Equity5.98% Return on Assets3.08% Debt Debt-to-Equity Ratio0.53 Current Ratio4.06 Quick Ratio2.99 Sales & Book Value Annual Sales$4.39 billion Price / Sales2.30 Cash Flow$3.04 per share Price / Cash Flow22.94 Book Value$19.27 per share Price / Book3.62Miscellaneous Outstanding Shares144,430,000Free Float143,228,000Market Cap$10.07 billion OptionableOptionable Beta0.94 Social Links Unlock the Potential in Options TradingOptions trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.Get This Free Report This page (NYSE:CIEN) was last updated on 12/1/2024 by MarketBeat.com Staff From Our PartnersThe latest trend in real estateThese vacation homes are often expensive to maintain and vacant 90% of the year. But thanks to co-ownership, t...Pacaso | SponsoredHow this >10-cent coin is going to outperform Bitcoin Chris Rowe – the man who recommended Amazon in 1998… Bitcoin and Ethereum in 2017… And has spotted 44 diffe...True Market Insiders | SponsoredYour bank is lying to you.You might think you have your money in a high-yield savings account, but do you really? The national average A...MyBankTracker | SponsoredBofA is watching for a market topU.S. tech stocks have soared so high for so long that they're no longer just minting new millionaires... Th...Chaikin Analytics | SponsoredPaypal, Tesla, SpaceX… Elon's next project is bigger than them allIn February 2016, when almost nobody was talking about artificial intelligence… I picked Nvidia as one of my f...Brownstone Research | Sponsored***TODAY ONLY*** Is this Trump’s Favorite Coin?Donald Trump just emphatically became America's first crypto president. Trump plans to make America, "the...Weiss Ratings | SponsoredThis Crisis Could Be Worse Than 2008Underneath the surface, cracks are forming. Cracks that threaten to shatter everything we know. America ...Behind the Markets | SponsoredYou’re invited! See my NEWEST trading strategyThis could easily be the most lucrative new trading strategy of 2025... So you’re not going to want to miss...Monument Traders Alliance | Sponsored 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. Please log in to your account or sign up in order to add this asset to your watchlist. Share Ciena With A Colleague Link copied to clipboard. Get 30 Days of MarketBeat All Access for Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. Start Your 30-Day Trial MarketBeat All Access Features Best-in-Class Portfolio Monitoring Get personalized stock ideas. Compare portfolio to indices. Check stock news, ratings, SEC filings, and more. Stock Ideas and Recommendations See daily stock ideas from top analysts. Receive short-term trading ideas from MarketBeat. Identify trending stocks on social media. Advanced Stock Screeners and Research Tools Use our seven stock screeners to find suitable stocks. Stay informed with MarketBeat's real-time news. Export data to Excel for personal analysis. Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: Log In or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Free CIEN Stock Alerts