Ciena Corporation (CIEN)

NYSE: CIEN · IEX Real-Time Price · USD
49.56
+0.13 (0.26%)
At close: May 22, 2024, 4:00 PM
49.44
-0.12 (-0.24%)
After-hours: May 22, 2024, 7:58 PM EDT
0.26%
Market Cap 7.17B
Revenue (ttm) 4.37B
Net Income (ttm) 228.13M
Shares Out 144.60M
EPS (ttm) 1.54
PE Ratio 32.18
Forward PE 23.26
Dividend n/a
Ex-Dividend Date n/a
Volume 1,140,928
Open 49.60
Previous Close 49.43
Day's Range 49.11 - 50.25
52-Week Range 39.94 - 63.24
Beta 1.00
Analysts Buy
Price Target 58.57 (+18.18%)
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... [Read more]

Sector Technology
IPO Date Feb 7, 1997
Employees 8,483
Stock Exchange NYSE
Ticker Symbol CIEN
Full Company Profile

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%.

Financial Statements

Analyst Forecast

According to 14 analysts, the average rating for CIEN stock is "Buy." The 12-month stock price forecast is $58.57, which is an increase of 18.18% from the latest price.

Price Target
$58.57
(18.18% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Ciena Global Study Finds 60% of CSPs Believe AI Will Improve Network Operational Efficiency By 40% or More

HANOVER, Md.--(BUSINESS WIRE)--A global study commissioned by Ciena (NYSE: CIEN) sheds light on communications service providers' (CSPs) growing optimism toward Artificial Intelligence (AI). More than...

18 hours ago - Business Wire

Conterra Networks Launches 400Gb/s Waves Service for Carrier Clients with Ciena

CHARLOTTE, N.C. , May 15, 2024 /PRNewswire/ -- Conterra Networks, a national leader in providing fiber-optic network-based infrastructure and services, is leveraging Ciena's industry-leading WaveLogic...

7 days ago - PRNewsWire

Ciena Announces Reporting Date and Web Broadcast for Fiscal Second Quarter 2024 Results

HANOVER, Md.--(BUSINESS WIRE)--Ciena® Corporation expects to announce its fiscal second quarter financial results on Thursday, June 6, 2024.

21 days ago - Business Wire

IP Infusion Completes Certification for Ciena 400G ZR/ZR+ Optics for Converged IP/Optical White Box Solution

SANTA CLARA, Calif.--(BUSINESS WIRE)-- #Ciena--IP Infusion, the market leader in carrier-grade networking software systems, recently completed testing and certification of Ciena's WaveLogic™ 5 Nano (W...

5 weeks ago - Business Wire

HSPnet Launches High Capacity B3JS and BDMCS Networks

JAKARTA, Indonesia--(BUSINESS WIRE)--Indonesian internet services and integrated network access provider HSPnet (PT Parsaoran Global Datatrans) today announced that at the beginning of 2024 it launche...

5 weeks ago - Business Wire

Ciena, Corteva, VF Corp | Top Calls

Top calls today are Ciena, Corteva and VF Corp.

Other symbols: CTVAVFC
5 weeks ago - Bloomberg Markets and Finance

Blue Planet Unveils Industry's Only Multi-Cloud Native OSS Platform

HANOVER, Md.--(BUSINESS WIRE)--Blue Planet, a division of Ciena (NYSE:CIEN), has launched a major enhancement to its intelligent automation software portfolio with the first-of-its-kind Blue Planet Cl...

6 weeks ago - Business Wire

Ciena Celebrates Major Customer Milestones and Optical Leadership at OFC 2024 in San Diego

HANOVER, Md.--(BUSINESS WIRE)--Ciena (NYSE: CIEN) is proud to kick off the first day of OFC 2024 with a celebration of significant customer success, new optical innovations and industry recognition. H...

2 months ago - Business Wire

Toshiba, Ciena Collaborate to Demonstrate Quantum Secure Communication at OFC

SAN DIEGO--(BUSINESS WIRE)-- #QKD--Toshiba will demonstrate its quantum secure communication platform with Ciena (NYSE:CIEN), a global leader in networking systems, services, and software, at OFC Conf...

2 months ago - Business Wire

SEA-ME-WE 4 Enables Global Digitalization with Enhanced Connectivity Powered by Ciena

HANOVER, Md.--(BUSINESS WIRE)--To support growing demand for more bandwidth across the Asia-to-Europe route, SEA-ME-WE 4 (South East Asia – Middle East – Western Europe 4) recently completed an upgrad...

2 months ago - Business Wire

Ciena Tumbles as Revenue Outlook Misses on Soft Demand

The company said service providers are taking longer than expected to work through inventory.

2 months ago - Barrons

Ciena Reports Fiscal First Quarter 2024 Financial Results

HANOVER, Md.--(BUSINESS WIRE)--Ciena® Corporation announced unaudited financial results for fiscal first quarter ended January 27, 2024.

2 months ago - Business Wire

Astound Business Solutions Launches Commercial 400G Wavelength Service across the U.S., Powered by Ciena

PRINCETON, N.J., & HANOVER, Md.--(BUSINESS WIRE)--Astound Business Solutions, an award-winning nationwide provider of high-capacity and secure connectivity for business customers, has launched 400G Wa...

3 months ago - Business Wire

Telia Lithuania Deploys Ciena's WaveLogic 5 Extreme for Country-wide 800Gb/s Wavelength Service

VILNIUS, Lithuania, & HANOVER, Md.--(BUSINESS WIRE)--Telia Lithuania is leveraging Ciena's WL5e to upgrade its network and deploy the first 800Gb/s wavelength service between major cities in Lithuania...

3 months ago - Business Wire

Ciena Announces Internet Availability of 2024 Annual Meeting Proxy Materials

HANOVER, Md.--(BUSINESS WIRE)--Ciena® Corporation, announced today that proxy materials are available for its 2024 Annual Meeting to be held March 21, 2024, at 3:00 p.m. ET.

3 months ago - Business Wire

Ciena Announces Reporting Date and Web Broadcast for Fiscal First Quarter 2024 Results

HANOVER, Md.--(BUSINESS WIRE)--Ciena® Corporation (NYSE: CIEN) expects to announce its fiscal first quarter financial results on Thursday, March 7, 2024.

3 months ago - Business Wire

Southern Cross Targets Pacific Record with Ciena's WaveLogic 6

SYDNEY, Australia--(BUSINESS WIRE)--Southern Cross, Australasia's independent specialist international capacity provider, is planning to deploy Ciena's (NYSE: CIEN) industry-leading WaveLogic 6 Extrem...

4 months ago - Business Wire

Vocus to Roll Out 1.6 Tb/s Technology with Ciena's WaveLogic 6

SYDNEY--(BUSINESS WIRE)--To satisfy rising bandwidth demands and cut energy use across its network, Vocus will deploy Ciena's (NYSE: CIEN) industry-leading WaveLogic 6 Extreme (WL6e) 1.6 Tb/s coherent...

4 months ago - Business Wire

Hawaiki Offers 400GbE Services Enabled by Ciena

HANOVER, Md.--(BUSINESS WIRE)--BW Digital today announced the availability of commercial 400GbE services on the Hawaiki Transpacific Cable powered by Ciena's (NYSE: CIEN) GeoMesh Extreme submarine net...

4 months ago - Business Wire

After A 13% Fall This Year How Does Ciena Compare With F5 Stock?

Given its better prospects, we believe Ciena stock (NYSE: CIEN), a network hardware, software, and services provider, is a better pick than its sector peer, F5 Networks stock (NASDAQ NDAQ : FFIV), an ...

Other symbols: FFIV
5 months ago - Forbes

Ciena Stock Is Rallying. Cloud Demand Is Strong.

Optical-networking company Ciena reported a strong fiscal fourth quarter. It caught up with delayed demand.

5 months ago - Barrons

Ciena Reports Fiscal Fourth Quarter 2023 Financial Results

HANOVER, Md.--(BUSINESS WIRE)--Ciena® Corporation, a networking systems, services and software company, announced financial results for its fiscal fourth quarter ended Oct 28, 2023.

5 months ago - Business Wire

Ciena Invests in U.S. Manufacturing with Flex to Support BEAD-funded Projects, Strengthen Domestic Supply Chain and Add High-Tech Jobs

HANOVER, Md.--(BUSINESS WIRE)--Ciena® (NYSE: CIEN), a U.S.-based networking systems, services and software company, is adding domestic manufacturing through an expanded agreement with global diversifi...

Other symbols: FLEX
6 months ago - Business Wire

Ciena Announces Reporting Date and Web Broadcast for Fiscal Fourth Quarter and Year End 2023 Results

HANOVER, Md.--(BUSINESS WIRE)--Ciena® Corporation expects to announce its fiscal fourth quarter and year-end financial results on Thursday, December 7, 2023.

6 months ago - Business Wire

Cirion Picks Ciena's 800G Technology for Bogotá Metro DCI Deployment

HANOVER, Md.--(BUSINESS WIRE)--Cirion Technologies deployed Ciena's Waveserver 5 platform to expand connectivity and increase resiliency between data centers in Bogotá, Colombia.

6 months ago - Business Wire