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Ciena Corporation (CIEN)

Stock Price: $56.61 USD 0.40 (0.71%)
Updated Jul 26, 2021 4:00 PM EDT - Market closed
Market Cap 8.75B
Revenue (ttm) 3.40B
Net Income (ttm) 365.77M
Shares Out 155.33M
EPS (ttm) 2.34
PE Ratio 24.20
Forward PE 16.72
Dividend n/a
Dividend Yield n/a
Trading Day July 26
Last Price $56.61
Previous Close $56.21
Change ($) 0.40
Change (%) 0.71%
Day's Open 56.12
Day's Range 56.10 - 56.97
Day's Volume 807,006
52-Week Range 38.03 - 61.52

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Ciena (CIEN) partners with WIN Technology and Lightpath to expand their network capacity and performance on the back of its innovative technologies.

1 week ago - Zacks Investment Research

Ciena (CIEN) teams up with Australia-based fiber network services provider, Lumea, to revamp the latter's network infrastructure on the back of the WaveLogic Ai technology.

2 weeks ago - Zacks Investment Research

NEW DELHI--(BUSINESS WIRE)--Airtel has implemented one of the world's newest photonic infrastructure designs from Ciena to almost triple optic fiber network capacity for 5G.

3 weeks ago - Business Wire

Should investors be excited or worried when a stock crosses above the 20-day simple moving average?

1 month ago - Zacks Investment Research

Ciena's (CIEN) networking solutions will enable AccessOn to better manage bandwidth-intensive applications, drive innovation and expand services in remote areas.

1 month ago - Zacks Investment Research

CHARLOTTE, N.C.--(BUSINESS WIRE)--Segra, one of the largest independent fiber infrastructure bandwidth companies in the Eastern U.S., announced a major expansion of its best-in-class fiber network. The ...

1 month ago - Business Wire

HANOVER, Md.--(BUSINESS WIRE)--AccessOn Networks has chosen Ciena to expand its network across rural locations.

1 month ago - Business Wire

The 5G upgrade cycle is in full swing, and company profits are rolling in.

Other stocks mentioned: AAPL, MU
1 month ago - The Motley Fool

A recovery in network spending has triggered a turnaround at this company and supercharged its shares.

1 month ago - The Motley Fool

Ciena (CIEN) teams up with Bahrain-based network services provider, Batelco, to revamp the network capacity of the Batelco Gulf Network cable system.

1 month ago - Zacks Investment Research

HANOVER, Md.--(BUSINESS WIRE)--Marcatel is leveraging Ciena's coherent optical technology to support a new network connecting Querétaro, Mexico, to McAllen, Texas.

1 month ago - Business Wire

Ciena's (CIEN) second-quarter fiscal 2021 results reflect a year-over-year decline in product sales due to the pandemic.

1 month ago - Zacks Investment Research

Ciena (CIEN) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

1 month ago - Zacks Investment Research

After markets closed Wednesday and before they opened Thursday morning, Ciena, Express, NetApp and Splunk all reported quarterly results.

Other stocks mentioned: EXPR, NTAP, SPLK
1 month ago - 24/7 Wall Street

The shares of Ciena Corporation (NYSE:CIEN) are getting a big boost this morning, last seen up 5.1% at $57.20, following the firm's fiscal second-quarter earnings report.

1 month ago - Schaeffers Research

Ciena Corp (NYSE: CIEN) reported a second-quarter FY21 revenue decline of 6.7% year-on-year to $833.9 million, beating the analyst consensus of $829.3 million. Product revenue declined 9.4% Y/Y to $670 ...

1 month ago - Benzinga

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

1 month ago - Business Wire

After a pause to observe the Memorial Day holiday, quarterly earnings reports began rolling out Tuesday morning with results from cannabis producer and consumer products maker Canopy Growth and cloud so...

Other stocks mentioned: NTAP, SPLK
1 month ago - 24/7 Wall Street

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.

1 month ago - Zacks Investment Research

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

1 month ago - Business Wire

The end-to-end network deployment and service rollout from Ciena (CIEN) will enable the U.K. carrier to extend network capabilities, gain greater control over its operations while reducing costs and imp...

2 months ago - Zacks Investment Research

LONDON--(BUSINESS WIRE)--Openreach is deploying Ciena's Routing & Switching and WaveLogic Ai- based coherent optical platforms.

2 months ago - Business Wire

Ciena's (CIEN) division, Blue Planet, teams up with Neos Networks to automate the service provisioning across the latter's transport network with end-to-end visibility.

2 months ago - Zacks Investment Research

ARLINGTON, Va.--(BUSINESS WIRE)--Secure Systems Innovation Corporation (SSIC) the innovators behind X-Analytics, the premier cyber risk decisioning firm whose mission is to improve how businesses manage...

2 months ago - Business Wire

HANOVER, Md.--(BUSINESS WIRE)--Neos Networks is deploying Blue Planet to ensure better visibility across its network and improved flexibility to support the needs of its customers.

2 months ago - Business Wire

HANOVER, Md.--(BUSINESS WIRE)--Ciena Announces Reporting Date and Web Broadcast for Fiscal Second Quarter 2021 Results

2 months ago - Business Wire

DUBLIN & STOCKHOLM--(BUSINESS WIRE)-- #400G--Aqua Comms, Telia Carrier and Ciena Successfully Trial New 400GbE POP to POP Trans-Atlantic Service connecting New York, London and Frankfurt

2 months ago - Business Wire

HANOVER, Md.--(BUSINESS WIRE)--Angola Cables has upgraded its MONET submarine cable network using Ciena's GeoMesh, powered by WaveLogic Ai coherent optical technology.

2 months ago - Business Wire

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

2 months 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
2 months 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...

3 months 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.

3 months 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.

4 months 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
4 months 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...

4 months 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.

4 months 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.

4 months ago - Business Wire

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

4 months ago - The Motley Fool

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

4 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.

4 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?

4 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.

4 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...

4 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.

4 months ago - Business Wire

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

4 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.

5 months ago - Business Wire

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

5 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

5 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...

5 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...

5 months ago - Benzinga

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
7,077
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 65.59, which is an increase of 15.86% from the latest price.

Price Target
$65.59
(15.86% upside)
Analyst Consensus: Buy