Ciena Corporation (CIEN)
| Market Cap | 7.81B |
| Revenue (ttm) | 3.71B |
| Net Income (ttm) | 490.67M |
| Shares Out | 152.13M |
| EPS (ttm) | 3.13 |
| PE Ratio | 16.40 |
| Forward PE | 16.67 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,190,361 |
| Open | 52.23 |
| Previous Close | 52.36 |
| Day's Range | 51.27 - 52.46 |
| 52-Week Range | 49.52 - 78.28 |
| Beta | 0.84 |
| Analysts | Buy |
| Price Target | 80.76 (+57.2%) |
| Earnings Date | Jun 2, 2022 |
About CIEN
Ciena Corporation provides network hardware, software, and services that support the transport, routing, switching, aggregation, service delivery, and management of video, data, and voice traffic on communications networks worldwide. The company's Networking Platforms segment offers hardware networking products and solutions that optimized for the convergence of coherent optical transport, optical transport network switching, and packet switching. Its products include 6500 Packet-Optical Platform, 5430 Reconfigurable Switching System, Waveserve...
Financial Performance
In 2021, Ciena's revenue was $3.62 billion, an increase of 2.51% compared to the previous year's $3.53 billion. Earnings were $500.20 million, an increase of 38.45%.
Financial StatementsAnalyst Forecast
According to 25 analysts, the average rating for CIEN stock is "Buy." The 12-month stock price forecast is 80.76, which is an increase of 57.21% from the latest price.
News
Ciena Announces Reporting Date and Web Broadcast for Fiscal Second Quarter 2022 Results
HANOVER, Md.--(BUSINESS WIRE)--Ciena® Corporation (NYSE: CIEN) expects to announce its fiscal second quarter financial results on Thursday, June 2, 2022 before the open of the financial markets. The pre...
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Ciena's (CIEN) Waveserver Ai Platform Adopted by team.blue
Leveraging the power of Ciena's (CIEN) Waveserver Ai platform, team.blue, will improve its cloud and network offerings, thereby delivering cutting-edge services to customers.
team.blue Denmark Improves Cloud and Network Offerings With Ciena's Data Center Interconnect Platform
SKANDENBORG, Denmark & HANOVER, Md.--(BUSINESS WIRE)--team.blue Denmark has selected Ciena's Waveserver Ai platform to serve as the foundation for its WAN-ring.
Ciena's (CIEN) GeoMesh Extreme Solution Leveraged by EASSy
Ciena's (CIEN) GeoMesh Extreme solution is adopted by EASSy to boost the capacity of its submarine cable system to meet the increasing demand and enhance global connectivity.
EASSy Submarine Cable Network Upgraded with Ciena GeoMesh Extreme
HANOVER, Md.--(BUSINESS WIRE)--EASSy, the 10,000-km submarine cable system traversing Africa's coasts, is leveraging Ciena's GeoMesh Extreme, powered by WaveLogic 5 Extreme.
This Beaten-Down Tech Stock Could Explode in the Long Run
A solid order backlog could help this networking stock regain its mojo.
Ciena (CIEN) Matches Q1 Earnings Estimates, Misses on Revenues
For second-quarter fiscal 2022, Ciena (CIEN) expects revenues in the range of $930-$970 million.
Why Ciena Stock Got Slammed on Monday
The tech company missed on Q1 revenue.
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Ciena (CIEN) Matches Q1 Earnings Estimates
Ciena (CIEN) delivered earnings and revenue surprises of 0% and 0.24%, respectively, for the quarter ended January 2022. Do the numbers hold clues to what lies ahead for the stock?
Ciena Reports Fiscal First Quarter 2022 Financial Results
HANOVER, Md.--(BUSINESS WIRE)--Ciena Corporation, a networking systems, services and software company, announced unaudited financial results for its fiscal first quarter
Ciena (CIEN) to Report Q1 Earnings: What's in the Offing?
Ciena's (CIEN) fiscal first-quarter performance will likely benefit from a robust demand environment. However, supply chain troubles are likely to act as a headwind.
Earnings Preview: Ciena (CIEN) Q1 Earnings Expected to Decline
Ciena (CIEN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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JPMorgan Announces ‘Viable' Quantum Secure Blockchain Network
JPMorgan Chase, Toshiba and telecom equipment company Ciena say they have demonstrated the “full viability” of a first-of-its-kind Quantum Key Distribution (QKD) network for metropolitan areas. The comp...
JPMorgan Chase, Toshiba and Ciena Build the First Quantum Key Distribution Network Used to Secure Mission-Critical Bl...
NEW YORK & HANOVER, Md.--(BUSINESS WIRE)--In groundbreaking research, JPMorgan Chase, Toshiba and Ciena have demonstrated the full viability of a first-of-its-kind Quantum Key Distribution (QKD) network...
JPMorgan, Toshiba, Ciena find new way to protect blockchain with quantum network
A team of quantum computing engineers from JPMorgan Chase & Co, Toshiba Corp and Ciena Corp say they have successfully shown that a powerful, newly-developed encryption network can be used to protect co...
Ciena (CIEN) Reports Q1 Preliminary Results, Cuts Revenue View
Ciena (CIEN) expects fiscal first-quarter revenues between $840 million and $850 million, lower than the previous expectation of $870 million to $910 million.
Ciena Announces Internet Availability of 2022 Annual Meeting Proxy Materials
HANOVER, Md.--(BUSINESS WIRE)--Ciena® Corporation, announced today that proxy materials are available for its 2022 Annual Meeting of Stockholders.
Ciena Announces Preliminary Fiscal First Quarter 2022 Results
HANOVER, Md.--(BUSINESS WIRE)--Ciena Corporation, a networking systems, services and software company announced unaudited preliminary financial results for its fiscal first quarter.
NO-UK Submarine Cable System Achieves Record-breaking 800Gb/s Line Rate With Ciena
STAVANGER, Norway & HANOVER, Md.--(BUSINESS WIRE)--The NO-UK submarine cable system has achieved a record-breaking 800Gb/s line rate using Ciena's GeoMesh Extreme, powered by WaveLogic 5 Extreme.
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Ciena (CIEN) Optical Solutions Leveraged by India-Based Vi
Ciena's (CIEN) coherent optical solutions are being used by India-based telecom operator???Vodafone Idea Limited.
Ciena (CIEN) Deploys Solutions to Boost GBI's Submarine Network
Ciena (CIEN) partners Gulf Bridge International to boost the latter's submarine network infrastructure with GeoMesh Extreme solution.