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NYSE:CIEN

Ciena (CIEN) Stock Price, News & Analysis

Ciena logo
$87.38 +1.59 (+1.85%)
(As of 12/20/2024 05:31 PM ET)

About Ciena Stock (NYSE:CIEN)

Key Stats

Today's Range
$84.54
$89.22
50-Day Range
$63.24
$91.19
52-Week Range
$43.30
$91.82
Volume
3.84 million shs
Average Volume
1.87 million shs
Market Capitalization
$12.62 billion
P/E Ratio
92.96
Dividend Yield
N/A
Price Target
$77.00
Consensus Rating
Moderate Buy

Company Overview

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.

Ciena Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
89th Percentile Overall Score

CIEN MarketRank™: 

Ciena scored higher than 89% of companies evaluated by MarketBeat, and ranked 101st out of 652 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Ciena has received a consensus rating of Moderate Buy. The company's average rating score is 2.54, and is based on 7 buy ratings, 6 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Ciena 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 Growth

    Earnings 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 Market

    The P/E ratio of Ciena is 92.96, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.79.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Ciena is 92.96, 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 238.08.

  • Price to Earnings Growth Ratio

    Ciena has a PEG Ratio of 5.95. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Ciena has a P/B Ratio of 4.53. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    4.41% of the float of Ciena has been sold short.
  • Short Interest Ratio / Days to Cover

    Ciena has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Ciena has recently increased by 0.32%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Ciena does not currently pay a dividend.

  • Dividend Growth

    Ciena does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    4.41% of the float of Ciena has been sold short.
  • Short Interest Ratio / Days to Cover

    Ciena has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Ciena has recently increased by 0.32%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Ciena has a news sentiment score of 0.58. 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 Week

    MarketBeat has tracked 23 news articles for Ciena this week, compared to 10 articles on an average week.
  • Search Interest

    31 people have searched for CIEN on MarketBeat in the last 30 days. This is an increase of 158% compared to the previous 30 days.
  • MarketBeat Follows

    Only 4 people have added Ciena to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In 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 $772,026.00 in company stock.

  • Percentage Held by Insiders

    Only 0.83% of the stock of Ciena is held by insiders.

  • Percentage Held by Institutions

    91.99% 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.
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CIEN Stock News Headlines

Ciena Co. (NYSE:CIEN) SVP Sells $311,815.00 in Stock
This Warning flashed just before the dot-com bust and the Great Depression
A rare pattern has just repeated for the third time in U.S. history. The last two times this happened, the market crashed 78% (the dot-com bust) and 89% (the Great Depression). Today, according to one of America's leading experts (who has predicted nearly every financial crisis of the last 25 years), what's coming next could soon crash the market by 50% or more, and keep it down for 10, 20, or even 30 years.
Decoding Ciena Corp (CIEN): A Strategic SWOT Insight
Ciena named a top idea for 2025 at Jefferies
See More Headlines

CIEN Stock Analysis - Frequently Asked Questions

Ciena's stock was trading at $45.01 on January 1st, 2024. Since then, CIEN stock has increased by 94.1% and is now trading at $87.38.
View the best growth stocks for 2024 here
.

Ciena Co. (NYSE:CIEN) issued its quarterly earnings results on Thursday, December, 12th. The communications equipment provider reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by $0.12. The company's revenue was down .5% compared to the same quarter last year.

Ciena's board initiated a share buyback plan on Wednesday, October 2nd 2024, which permits the company to repurchase $1,000,000,000 in outstanding shares, according to EventVestor. This means that the company could reacquire up to 10.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

The following companies are subsidiaries of Ciena: Centina Systems Inc, DonRiver, Packet Design, cyan, World Wide Packets, PhyFlex Networks, Catena Networks, and more.

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
.

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.

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 Earnings
12/12/2024
Today
12/22/2024
Fiscal Year End
10/31/2025

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
$77.00
High Stock Price Target
$98.00
Low Stock Price Target
$54.00
Potential Upside/Downside
-11.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.54
Research Coverage
13 Analysts

Profitability

Net Income
$254.83 million
Pretax Margin
3.54%

Debt

Sales & Book Value

Annual Sales
$4.01 billion
Cash Flow
$3.60 per share
Book Value
$19.27 per share

Miscellaneous

Free Float
143,228,000
Market Cap
$12.62 billion
Optionable
Optionable
Beta
0.95

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This page (NYSE:CIEN) was last updated on 12/22/2024 by MarketBeat.com Staff
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