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Ciena Corporation (CIEN)

Stock Price: $53.87 USD 1.02 (1.93%)
Updated May 7, 2021 4:00 PM EDT - Market closed
Market Cap 8.35B
Revenue (ttm) 3.46B
Net Income (ttm) 354.31M
Shares Out 155.17M
EPS (ttm) 2.27
PE Ratio 23.74
Forward PE 18.15
Dividend n/a
Dividend Yield n/a
Trading Day May 7
Last Price $53.87
Previous Close $52.85
Change ($) 1.02
Change (%) 1.93%
Day's Open 53.21
Day's Range 52.75 - 54.15
Day's Volume 1,207,382
52-Week Range 38.03 - 61.51

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HANOVER, Md.--(BUSINESS WIRE)--Altibox is utilizing Ciena to create a flexible network for cloud providers, global webscale providers and large enterprises.

1 week ago - Business Wire

Value investors may want to consider the stocks listed below, as they have low price-sales ratios, good profitability and stable financial situations.

Other stocks mentioned: IIVI, UFPI
1 week ago - GuruFocus

HANOVER, Md.--(BUSINESS WIRE)--Japan Network Access Point (JPNAP), a leading Internet Exchange (IX) provider operated by INTERNET MULTIFEED CO. (IMF), has deployed Ciena's (NYSE: CIEN) data center inter...

2 weeks ago - Business Wire

Ciena (CIEN) and Viavi (VIAV) collaborate with Colt to successfully conclude a 600G wavelength live network trial in Japan on the back of their state-of-the-art optical solutions.

1 month ago - Zacks Investment Research

The deployment of Ciena's (CIEN) WaveLogic 5 Extreme technology enables Zayo to support its customers by providing greater optical network capacity.

1 month ago - Zacks Investment Research

With more companies utilizing 5G, CIEN stock, LITE stock, COMM stock and CCI stock are all poised to benefit from the trend. The post 4 5G Stocks to Buy appeared first on InvestorPlace.

Other stocks mentioned: CCI, COMM, LITE
1 month ago - InvestorPlace

BOULDER, Colo. & LONDON--(BUSINESS WIRE)--Zayo Group Holdings, Inc. today announced the deployment of Ciena's WaveLogic™ 5 Extreme (WL5e) technology between Dublin, Ireland and Amsterdam, Netherlands, p...

1 month ago - Business Wire

Ciena (CIEN) joins forces with Aqua Comms to modernize the latter's two Trans-Atlantic submarine cable channels on the back of its innovative networking solutions.

1 month ago - Zacks Investment Research

HANOVER, Md.--(BUSINESS WIRE)--Aqua Comms has upgraded its two Trans-Atlantic submarine cable routes with Ciena's GeoMesh Extreme submarine network solution.

1 month ago - Business Wire

This networking company is turning around and trades at an attractive valuation after the recent sell-off.

1 month ago - The Motley Fool

Despite soft revenues owing to the virus outbreak, Ciena (CIEN) beats first-quarter fiscal 2021 earnings estimates.

2 months ago - Zacks Investment Research

Ciena stock gained after the maker of optical communications network gear reported fiscal first-quarter earnings and revenue that topped estimates. But earnings were flat and sales fell.

2 months ago - Investors Business Daily

Ciena (CIEN) delivered earnings and revenue surprises of 15.56% and 0.96%, respectively, for the quarter ended January 2021. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

Ciena stock gained after the maker of optical communications network gear reported fiscal first-quarter earnings and revenue that topped estimates. But earnings were flat and sales fell.

2 months ago - Investors Business Daily

Ciena stock slipped after the maker of optical communications network gear reported fiscal first quarter earnings and revenue that topped estimates. The post Ciena Stock Slips As Optical Network Gear Ma...

2 months ago - Investors Business Daily

HANOVER, Md.--(BUSINESS WIRE)--Ciena Corporation, a networking systems, services and software company, announced financial results for its fiscal first quarter.

2 months ago - Business Wire

Ciena (CIEN) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

2 months ago - Zacks Investment Research

HANOVER, Md.--(BUSINESS WIRE)--Japanese cable operator MCTV will deploy Ciena to deliver high-quality digital services across rural areas.

2 months ago - Business Wire

Let's see if Ciena (CIEN) stock is a good choice for value-oriented investors right now from multiple angles.

2 months ago - Zacks Investment Research

HANOVER, Md.--(BUSINESS WIRE)--Ciena Corporation, a networking systems, services and software company, announced today Internet Availability of 2021 Annual Meeting Proxy Materials

2 months ago - Business Wire

HANOVER, Md.--(BUSINESS WIRE)--Xiber, an Indianapolis-based nationwide Internet Service Provider, selected Ciena (NYSE: CIEN) to build an SDN and NFV network for a major retail chain that spans six stat...

2 months ago - Business Wire

Ciena Corporation (NYSE: CIEN) announced that Southern Cross Cable Limited had chosen its GeoMesh Extreme submarine solution, utilizing Ciena's 6500 Submarine Line Terminating Equipment for the 13,494 k...

2 months ago - Benzinga

HANOVER, Md.--(BUSINESS WIRE)--Southern Cross has picked Ciena for the new 13,494 km NEXT submarine cable in the Pacific.

2 months ago - Business Wire

HANOVER, Md.--(BUSINESS WIRE)--Bulk Fiber Networks is enhancing its Havfrue submarine cable system with network infrastructure from Ciena.

2 months ago - Business Wire

HANOVER, Md.--(BUSINESS WIRE)--FPT Telecom Joint Stock Company (FPT Telecom), a telecommunications provider in Vietnam, has deployed hardware and software from Ciena (NYSE:CIEN) to build a more resilien...

3 months ago - Business Wire

In addition to their positive 5G catalyst, these fiber optics stocks should get boosts from multiple other trends. The post 3 Fiber Optics Stocks Equipped for a 5G World appeared first on InvestorPlace.

Other stocks mentioned: COMM, LITE
3 months ago - InvestorPlace

Although Ciena Corporation's (NYSE: CIEN) performance may be weak in the first half of the year, its long-term opportunity remains promising, according to BofA Securities. The Ciena Analyst: Tal Lian up...

3 months ago - Benzinga

Ciena (CIEN) teams up with TekSavvy, Consolidated Communications (CNSL) and Lightstorm Telecom Ventures to propel network transformation with enhanced capacity on the back of innovative services.

3 months ago - Zacks Investment Research

HANOVER, Md.--(BUSINESS WIRE)--Consolidated Communications is working with Ciena to upgrade its wireline network to support new and emerging 5G services and applications.

3 months ago - Business Wire

HANOVER, Md.--(BUSINESS WIRE)--LTV has deployed Ciena's coherent optics, network management and automation software to serve the country's OTT, data center and cloud providers.

3 months ago - Business Wire

HANOVER, Md.--(BUSINESS WIRE)--Ciena Corporation today announced its expected participation in the following upcoming event with the financial community.

3 months ago - Business Wire

Investors want to know which 5G stocks to buy for many reasons including security concerns. Read on for the best bets.

Other stocks mentioned: AMT, AVGO, QCOM, QRVO, SNSR, SWKS
3 months ago - InvestorPlace

Ciena (CIEN) reported earnings 30 days ago. What's next for the stock?

3 months ago - Zacks Investment Research

HANOVER, Md.--(BUSINESS WIRE)--Ciena Corporation today announced its expected participation in the following upcoming event.

3 months ago - Business Wire

The networking specialist's problems shouldn't last for long.

4 months ago - The Motley Fool

Lemonade, Twitter, Snap, Dave & Buster's and Ciena were our top stock trades for Friday. With that in mind, let's have a look at the charts.

Other stocks mentioned: LMND, TWTR, PLAY, SNAP
4 months ago - InvestorPlace

Seeking Alpha Transcripts | Technology Ciena Corporation (CIEN) CEO Gary Smith on Q4 2020 Results - Earnings Call Transcript Dec. 10, 2020 3:32 PM ET | | About: Ciena Corporation (CIEN) by: SA Transcrip...

4 months ago - Seeking Alpha

Ciena's (CIEN) revenues in fourth-quarter fiscal 2020 are hurt by a slowdown in orders due to the pandemic.

4 months ago - Zacks Investment Research

Ciena (CIEN) delivered earnings and revenue surprises of -6.25% and -0.02%, respectively, for the quarter ended October 2020. Do the numbers hold clues to what lies ahead for the stock?

4 months ago - Zacks Investment Research

Shares of Ciena Corp. are off about 7% in premarket trading Thursday after the networking company reported a lower fiscal fourth-quarter profit than anticipated. The company reported net income of $65 m...

4 months ago - Market Watch

Shares of Ciena (NYSE:CIEN) decreased 4% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share increased 3.45% year over year to $0.60, which missed the estim...

4 months ago - Benzinga

HANOVER, Md.--(BUSINESS WIRE)--Ciena Corporation today announced unaudited financial results for its fiscal fourth quarter and year ended October 31, 2020.

4 months ago - Business Wire

Tech stock Ciena Corporation (NYSE:CIEN) is 3% lower at $46.85 today, ahead its fiscal fourth-quarter earnings report, due out before the open tomorrow.

4 months ago - Schaeffers Research

Ciena (NYSE:CIEN) announces its next round of earnings this Thursday, December 10. Here is Benzinga's look at Ciena's Q4 earnings report.

4 months ago - Benzinga

Ciena's (CIEN) revenues in fourth-quarter fiscal 2020 are expected to have suffered from the pandemic-induced orders slowdown.

5 months ago - Zacks Investment Research

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.

5 months ago - Zacks Investment Research

HANOVER, Md.--(BUSINESS WIRE)--HANOVER, Md. – December 3, 2020 – Ciena® Corporation today announced its expected participation in the following upcoming event.

5 months ago - Business Wire

Ciena (CIEN) closed at $44.80 in the latest trading session, marking a +0.74% move from the prior day.

5 months ago - Zacks Investment Research

Ciena's (CIEN) WaveLogic 5 Extreme integrates cutting-edge innovation to deliver fiber capacity with less equipment.

5 months ago - Zacks Investment Research

Ciena Corporation stock, best known for its network hardware, software, and services, has more room for growth in the near term. CIEN stock has rallied just 26% off the recent bottom significantly under...

5 months ago - Forbes

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... [Read more...]

Industry
Communication Equipment
IPO Date
Feb 7, 1997
CEO
Gary Smith
Employees
7,042
Stock Exchange
NYSE
Ticker Symbol
CIEN
Full Company Profile

Financial Performance

In 2020, CIEN's revenue was $3.53 billion, a decrease of -1.12% compared to the previous year's $3.57 billion. Earnings were $361.29 million, an increase of 42.56%.

Financial Statements

Analyst Forecasts

According to 19 analysts, the average rating for CIEN stock is "Buy." The 12-month stock price forecast is 59.56, which is an increase of 10.56% from the latest price.

Price Target
$59.56
(10.56% upside)
Analyst Consensus: Buy