Ciena Corporation (CIEN)
| Market Cap | 12.42B |
| Revenue (ttm) | 4.01B |
| Net Income (ttm) | 83.96M |
| Shares Out | 142.12M |
| EPS (ttm) | 0.58 |
| PE Ratio | 150.66 |
| Forward PE | 36.40 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 2,044,262 |
| Open | 84.85 |
| Previous Close | 85.79 |
| Day's Range | 84.54 - 89.22 |
| 52-Week Range | 43.30 - 91.82 |
| Beta | 0.94 |
| Analysts | Buy |
| Price Target | 77.07 (-11.8%) |
| Earnings Date | Dec 12, 2024 |
About 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 wel... [Read more]
Financial Performance
In 2024, Ciena's revenue was $4.01 billion, a decrease of -8.47% compared to the previous year's $4.39 billion. Earnings were $83.96 million, a decrease of -67.05%.
Financial StatementsAnalyst Forecast
According to 14 analysts, the average rating for CIEN stock is "Buy." The 12-month stock price forecast is $77.07, which is a decrease of -11.80% from the latest price.
News
Ciena Corporation: I Don't See Much Upside From Here (Rating Downgrade)
I downgrade CIEN from buy to hold due to its expensive valuation, trading at 35x forward PE, well above its historical trend of 13-20x. CIEN's recent earnings showed strong revenue but missed EPS esti...
Ciena Delivers Strong Q4 Earnings, But Valuation Demands Precision
Ciena Corporation has shown impressive growth, with a nearly 100% YTD return and a strong annualized ROR of 15.12% since 2015. Ciena's advanced tech, like the WaveLogic 6 Extreme, addresses growing ba...
Overlooked Stock: CIEN
Ciena Corp. (CIEN) is up more than 20% on the week, and a company that George Tsilis is keeping a close eye on during the A.I. boom. He talks about how the legacy hardware and software player has gain...
Ciena's Strong 2025 Outlook Wins Analyst Confidence: AI Bandwidth And Optical Market Expansion In Focus
Ciena Corp CIEN stock surged after BofA Securities upgraded it from Neutral to Buy and raised its price target from $70 to $95.
Ciena reported a big profit miss. Here's why the stock is rocketing to a 22-year high.
Ciena's stock was soaring toward a 22-year high, as order growth and outlook on inventory overshadowed a big profit miss.
Ciena Corporation (CIEN) Q4 2024 Earnings Call Transcript
Ciena Corporation (NYSE:CIEN) Q4 2024 Results Conference Call December 12, 2024 8:30 AM ET Company Participants Gregg Lampf - Vice President of Investor Relations Gary Smith - President and Chief Exe...
Ciena Stock Tumbles as Earnings Miss Estimates. What We Know.
The optical networking equipment company misses earnings estimates in its fiscal fourth quarter.
Ciena Announces Lawton W. Fitt as Independent Chair of Board of Directors
HANOVER, Md.--(BUSINESS WIRE)--Ciena® Corporation announced the appointment of Lawton W. Fitt as independent Chair of Ciena's Board of Directors, effective December 11, 2024.
Ciena Reports Fiscal Fourth Quarter 2024 Financial Results
HANOVER, Md.--(BUSINESS WIRE)--Ciena® Corporation, a networking systems, services and software company, announces financial results for its fiscal fourth quarter ended Nov 2, 2024.
Ciena Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Ciena Corporation CIEN will release its fourth-quarter financial results, before the opening bell, on Thursday, Dec. 12.
Ciena Announces Reporting Date and Web Broadcast for Fiscal Fourth Quarter and Year End 2024 Results
HANOVER, Md.--(BUSINESS WIRE)--Ciena® Corporation expects to announce its fiscal fourth quarter and year-end financial results on Thursday, December 12, 2024.
euNetworks First to Deploy 1.6 Tb/s Coherent Solution in Europe with Ciena's WaveLogic 6 Extreme
LONDON & HANOVER, Md.--(BUSINESS WIRE)--Critical bandwidth infrastructure provider euNetworks announced Europe's first-ever 1.6 Tb/s coherent solution deployment using Ciena's WL6e.
Ziply® Fiber announces 400 Gig “Northern Link Route” connecting Pacific Northwest to Minneapolis and Chicago
This represents the shortest distance route commercially available between the Pacific Northwest and Midwest; Ziply offers lowest latency and 4X capacity found on most West-East commodity routes This ...
Boldyn Networks Adds Scalable 1.6Tb/s Wavelengths to its Fiber Network in New York and New Jersey
Advanced network enhancements powered by Ciena's WaveLogic 6 coherent optical technology benefits carriers, enterprises and hyperscalers with reliable, high-speed connections between data centers NEW ...
2 Stocks Riding the Recovery in Cloud Computing Driven by AI
The artificial intelligence (AI) boom has been underway throughout 2024 despite many legacy technologies still undergoing normalization after a fantastic post-pandemic reopening surge in 2021. The acc...
On Net Fibra Colombia Deploys Blue Planet to Streamline Delivery of Wholesale Fiber Optic Services
BOGOTA, Colombia--(BUSINESS WIRE)--On Net Fibra Colombia (ON NET FIBRA) is leveraging software from Blue Planet, a division of Ciena (NYSE:CIEN), to support its transition to a cloud-native Operations...
Ciena Stock Powers the AI Cloud Boom—Don't Miss Out
Ciena Co. CIEN can be considered a legacy company in the computer and technology sector when it comes to the Internet. It was one of the original manufacturers of optical fiber, which provided network...
Ciena Downgraded: Analyst Cites Telco Spending Slump And Margins Squeeze
Ciena Corporation CIEN shares are trading lower on Monday. JP Morgan analyst Samik Chatterjee downgraded the company to Neutral from Overweight with a price target of $65.
Sify Doubles National Long Distance Network Capacity with Ciena Technology
CHENNAI, India--(BUSINESS WIRE)--Sify Technologies (Sify) today announced that it has deployed Ciena's (NYSE: CIEN) optical technology to connect its seven Metro Area Networks across India. Starting w...
Ciena Corp (CIEN) Trading 6.54% Higher on Oct 2
Shares of Ciena Corp (CIEN, Financial) surged 6.54% in mid-day trading on Oct 2. The stock reached an intraday high of $65.95, before settling at $65.47, up from its previous close of $61.45.
Ciena Announces $1 Billion Share Repurchase Authorization
HANOVER, Md.--(BUSINESS WIRE)--Ciena announced that its Board of Directors has authorized a program to repurchase up to $1 billion of the company's common stock.
Lightpath Deploys Industry's First 400G Protected Circuit Utilizing Power-Efficient Ciena WaveLogic 5 Nano Coherent Optics
Raises ceiling for high-availability network services while using 80% less power NEW YORK , Sept. 25, 2024 /PRNewswire/ -- Lightpath , an all-fiber, infrastructure-based connectivity provider that is ...
Sipartech Enhances European Network Resilience and Quality with Ciena Technology
HANOVER, Md.--(BUSINESS WIRE)--Sipartech is leveraging Ciena's GeoMesh Extreme solution to provide wholesale 400GbE services over an 800Gb/s wavelength on its submarine network.
Citi double upgrades Ciena to ‘Buy' with $68 target: best time to invest?
Ciena Corp (NYSE: CIEN) saw its stock rise by about 4% in premarket trading on September 23 after analysts at Citi double-upgraded the shares from Sell to Buy. Citi also raised the price target signif...
Ciena Unveils 1.6 Tb/s Coherent Pluggable Solution for Hyperscale Cloud Providers' Capacity Surge
HANOVER, Md.--(BUSINESS WIRE)--Ciena (NYSE: CIEN) continues to push technology boundaries by bringing to market a 1.6 Tb/s Coherent-Lite pluggable to help cloud and data center providers cope with the...