Ciena Corporation (CIEN)

Market Cap	6.79B
Revenue (ttm)	4.15B
Net Income (ttm)	153.63M
Shares Out	143.71M
EPS (ttm)	1.04
PE Ratio	45.43
Forward PE	25.40
Dividend	n/a
Ex-Dividend Date	n/a

Volume	915,578
Open	47.60
Previous Close	47.74
Day's Range	47.13 - 48.04
52-Week Range	39.94 - 63.24
Beta	0.99
Analysts	Buy
Price Target	57.46 (+21.61%)
Earnings Date	Jun 6, 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...

• Industry: Communication Equipment
• Sector: Technology
• IPO Date: Feb 7, 1997
• Employees: 8,483
• Stock Exchange: NYSE
• Ticker Symbol: CIEN

Financial Performance

In 2023, Ciena's revenue was $4.39 billion, an increase of 20.75% compared to the previous year's $3.63 billion. Earnings were $254.83 million, an increase of 66.66%.

Analyst Forecast

According to 13 analysts, the average rating for CIEN stock is "Buy." The 12-month stock price forecast is $57.46, which is an increase of 21.61% from the latest price.

Price Target

$57.46

(21.61% upside)

Analyst Consensus: Buy