Ciena Corporation (CIEN)
Market Cap | 7.45B |
Revenue (ttm) | 3.63B |
Net Income (ttm) | 152.90M |
Shares Out | 148.42M |
EPS (ttm) | 1.00 |
PE Ratio | 50.21 |
Forward PE | 19.76 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 2,015,951 |
Open | 49.16 |
Previous Close | 49.50 |
Day's Range | 48.48 - 50.33 |
52-Week Range | 38.33 - 71.06 |
Beta | 0.94 |
Analysts | Buy |
Price Target | 63.53 (+26.53%) |
Earnings Date | Mar 6, 2023 |
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]
Financial Performance
In 2022, Ciena's revenue was $3.63 billion, an increase of 0.33% compared to the previous year's $3.62 billion. Earnings were $152.90 million, a decrease of -69.43%.
Financial StatementsAnalyst Forecast
According to 25 analysts, the average rating for CIEN stock is "Buy." The 12-month stock price forecast is $63.53, which is an increase of 26.53% from the latest price.
News

Intelia, Ciena Selected to Boost Connectivity in French Polynesia
HANOVER, Md.--(BUSINESS WIRE)--French Polynesian telecom operator ONATi, a subsidiary of the OPT French Polynesia Group, has selected Intelia and Ciena (NYSE: CIEN) to increase the capacity of the H...

Ciena Names Joe Cumello Senior Vice President and General Manager of Blue Planet Division
HANOVER, Md.--(BUSINESS WIRE)--Ciena ® Corporation (NYSE: CIEN), a networking systems, services and software company, today announced the appointment of Joe Cumello as Senior Vice President and Gene...

Ciena Appoints David Rothenstein as Senior Vice President and Chief Strategy Officer
HANOVER, Md.--(BUSINESS WIRE)--Ciena ® Corporation (NYSE: CIEN), a networking systems, services and software company, today announced the appointment of David M. Rothenstein as senior vice president...

Here's Why Investors Should Consider Buying Ciena (CIEN)
Ciena's (CIEN) performance gains from continued momentum in Coherent Routing, PON and high-speed business services.

Ciena to Webcast Financial Community Event
HANOVER, Md.--(BUSINESS WIRE)--Ciena ® Corporation (NYSE: CIEN) today announced its expected participation in the following upcoming event with the financial community. This event will be webcast li...

Ciena's (CIEN) Coherent Optical Technology Used by Dedicado
Ciena's (CIEN) 6500 Packet-Optical Platform powered by WL5e is used by Dedicado to support the rising demand for network connectivity.

Dedicado Taps Ciena to Improve Connectivity Between Argentina and Uruguay
HANOVER, Md.--(BUSINESS WIRE)--Dedicado, a leading telecommunications company in Uruguay, recently deployed a high-capacity, resilient network between Argentina and Uruguay. Dedicado is leveraging C...

Time to Buy These 2 Tech Stocks for 2023?
Considering their current valuation and earnings growth, Ciena (CIEN) and nVent (NVT) both look poised for a strong 2023.

Ciena (CIEN) Q4 Earnings & Revenues Top Estimates, Down Y/Y
Ciena's (CIEN) Q4 revenues were affected by continued supply-chain constraints, partly offset by robust customer demand.
Stocks in focus: Microsoft, Activision-Blizzard, Chinese stocks, GameStop, Ciena Corporation
Yahoo Finance's Jared Blikre highlights which stocks are making moves at the end of the trading session on Thursday.

Ciena (CIEN) Beats Q4 Earnings and Revenue Estimates
Ciena (CIEN) delivered earnings and revenue surprises of 662.50% and 14.04%, respectively, for the quarter ended October 2022. Do the numbers hold clues to what lies ahead for the stock?

Ciena stock jumps on top- and bottom-line beat
Ciena Corp. CIEN, -2.46% stock surged 19.1% before market open Thursday, lifted by fourth-quarter results that beat Wall Street's top- and bottom-line expectations. Ciena reported net income of $57.6 ...

Ciena Reports Fiscal Fourth Quarter 2022 and Year-End Financial Results
HANOVER, Md.--(BUSINESS WIRE)--Ciena ® Corporation (NYSE:CIEN), a networking systems, services and software company, today announced unaudited financial results for its fiscal fourth quarter ended O...

Earnings Preview: What To Expect From Ciena On Thursday
Earnings Preview: What To Expect From Ciena On Thursday. Here's a closer look.

Here's What to Expect Ahead of Ciena's (CIEN) Q4 Earnings
Ciena's (CIEN) fiscal Q4 performance is likely to have been affected by global macro weakness and supply-chain troubles. Strong secular demand trends are likely to have provided some cushioning.

Ciena (CIEN) Expands Portfolio With Tibit & Benu Acquisitions
Ciena (CIEN) plans to acquire Tibit Communications to complement its existing portfolio and expand global footprint.

Ciena Makes Strategic Acquisitions in Fiber Broadband Access to Further Address Growing Opportunity at the Network Edge
HANOVER, Md.--(BUSINESS WIRE)--Ciena ® Corporation (NYSE: CIEN), a networking systems, services and software company, today announced that it has entered into a definitive agreement to acquire Tibit...

Ciena Announces Reporting Date and Web Broadcast for Fiscal Fourth Quarter and Year End 2022 Results
HANOVER, Md.

Omantel Launches Middle East's First 400GbE DCI Service with Ciena
MUSCAT, Oman & HANOVER, Md.

New Strong Sell Stocks for November 3rd
CIEN, CVE and CINF have been added to the Zacks Rank #5 (Strong Sell) List on November 3, 2022.

Ciena's (CIEN) Coherent Optical Technology Used by ESnet
Ciena's (CIEN) Waveserver 5 powered by WaveLogic 5 Extreme leveraged by the U.S. DOE ESnet.

ESnet6 Sets New Benchmark in Research Networks With Ciena's WaveLogic Optics
BERKELEY, Calif. & HANOVER, Md.--(BUSINESS WIRE)--The U.S. Department of Energy's (DOE) Energy Sciences Network (ESnet) has deployed Ciena's (NYSE:CIEN) coherent optical technology across ESnet6 – the...

Brazilian Business Pros Are Ready for the Metaverse
HANOVER, Md.--(BUSINESS WIRE)--A study commissioned by Ciena found that 92% of Brazilian business professionals would be comfortable using virtual reality to hold formal meetings.

Latin American Business Professionals Are Ready for the Metaverse
HANOVER, Md.--(BUSINESS WIRE)--Workers in Latin America are ready to collaborate in the virtual world, according to a new study commissioned by Ciena.