Ciena Corporation (CIEN)
| Market Cap | 11.95B |
| Revenue (ttm) | 4.01B |
| Net Income (ttm) | 83.96M |
| Shares Out | 142.12M |
| EPS (ttm) | 0.58 |
| PE Ratio | 144.97 |
| Forward PE | 35.33 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,884,912 |
| Open | 86.70 |
| Previous Close | 86.45 |
| Day's Range | 83.60 - 87.99 |
| 52-Week Range | 43.30 - 101.44 |
| Beta | 0.88 |
| Analysts | Buy |
| Price Target | 78.71 (-6.39%) |
| Earnings Date | Mar 11, 2025 |
About CIEN
Ciena Corporation, a network technology company, provides hardware, software, and services for various network operators in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and India. It operates through Networking Platforms, Platform Software and Services, Blue Planet Automation Software and Services, and Global Services segments. The Networking Platforms segment consist of a range of products and solutions for convergence of coherent optical transport, open optical networking, optical transport network switching, IP rou... [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 $78.71, which is a decrease of -6.39% from the latest price.
News
Cirion Prepares Network for Surging Cloud and AI Demands with Ciena's WaveLogic 6
HANOVER, Md.--(BUSINESS WIRE)--Cirion Technologies is planning to deploy a suite of Ciena solutions, including WaveLogic 6 Extreme.
Ciena Announces Internet Availability of 2025 Annual Meeting Proxy Materials
HANOVER, Md.--(BUSINESS WIRE)--Ciena® Corporation, a networking systems, services and software company, announced that proxy materials are available for its 2025 Annual Meeting.
Telia Norway and Ciena Achieve First Live 1.6 Tb/s Data Transmission in Nordics
HANOVER, Md.--(BUSINESS WIRE)--Telia Norway and Ciena celebrated a key technology milestone and industry first in the Nordics.
Ciena Announces Reporting Date and Web Broadcast for Fiscal First Quarter 2025 Results
HANOVER, Md.--(BUSINESS WIRE)--Ciena® Corporation (NYSE: CIEN) expects to announce its fiscal first quarter financial results on Tuesday, March 11, 2025.
AI Stocks Jumped Last Week—Here's What You Need to Know
AI stocks soared last week after OpenAI announced a partnership with Oracle (ORCL) and SoftBank that could result in up to half a trillion dollars of investment in AI infrastructure over the next four...
Southern Cross Achieves World's First 1 Tb/s Transmission Across the Pacific With Ciena
SYDNEY--(BUSINESS WIRE)--Southern Cross Cable Limited (“Southern Cross”) has connected the world's first transpacific 1 Tb/s single-carrier wavelength across its 13,500km live production network with ...
Ciena to Webcast Financial Community Event – January 9, 2025
HANOVER, Md.--(BUSINESS WIRE)--Ciena® Corporation (NYSE: CIEN) today announced its expected participation in the following upcoming event with the financial community.
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.