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Ciena Corporation (CIEN)

Stock Price: $50.56 USD -0.98 (-1.90%)
Updated Mar 3, 2021 4:00 PM EST - Market closed
After-hours: $51.11 +0.55 (1.09%) Mar 3, 7:32 PM
Market Cap 7.84B
Revenue (ttm) 3.53B
Net Income (ttm) 361.29M
Shares Out 154.29M
EPS (ttm) 2.32
PE Ratio 21.79
Forward PE 18.98
Dividend n/a
Dividend Yield n/a
Trading Day March 3
Last Price $50.56
Previous Close $51.54
Change ($) -0.98
Change (%) -1.90%
Day's Open 51.66
Day's Range 50.55 - 51.71
Day's Volume 2,276,125
52-Week Range 30.58 - 61.52

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Zacks Investment Research - 17 hours ago

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

Business Wire - 1 week ago

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

Zacks Investment Research - 1 week ago

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

Business Wire - 1 week ago

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

Business Wire - 3 weeks ago

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 span...

Benzinga - 3 weeks ago

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 th...

Business Wire - 3 weeks ago

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

Business Wire - 3 weeks ago

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

Business Wire - 1 month ago

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 mor...

InvestorPlace - 1 month ago

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 Inve...

Other stocks mentioned: COMM, LITE
Benzinga - 1 month ago

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: T...

Zacks Investment Research - 1 month ago

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.

Business Wire - 1 month ago

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

Business Wire - 1 month ago

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.

Business Wire - 1 month ago

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

InvestorPlace - 1 month ago

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
Zacks Investment Research - 1 month ago

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

Business Wire - 1 month ago

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

The Motley Fool - 2 months ago

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

InvestorPlace - 2 months ago

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
Seeking Alpha - 2 months ago

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...

Zacks Investment Research - 2 months ago

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

Zacks Investment Research - 2 months ago

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?

Market Watch - 2 months ago

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 incom...

Benzinga - 2 months ago

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...

Business Wire - 2 months ago

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

Schaeffers Research - 2 months ago

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.

Benzinga - 2 months ago

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

Zacks Investment Research - 2 months ago

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

Zacks Investment Research - 3 months ago

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.

Business Wire - 3 months ago

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

Zacks Investment Research - 3 months ago

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

Zacks Investment Research - 3 months ago

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

Forbes - 3 months ago

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 significa...

Zacks Investment Research - 3 months ago

In the latest trading session, Ciena (CIEN) closed at $43.99, marking a +1.45% move from the previous day.

Business Wire - 3 months ago

AUCKLAND, New Zealand & HANOVER, Md.--(BUSINESS WIRE)--Hawaiki Submarine Cable LP announced today it will deploy Ciena's WaveLogic™ 5 Extreme technology.

Business Wire - 3 months ago

DUBAI, United Arab Emirates & HANOVER, Md.--(BUSINESS WIRE)--Etisalat, one of the leading telecommunications operators in emerging markets recognized by Ookla® Speedtest® as the world's fastes...

Forbes - 3 months ago

Ciena Corporation (NYSE: CIEN), best known for its network hardware, software, and services, trades at about 1.8x trailing Revenues, compared to 2.4x for Corning (NYSE: GLW), which manufacture...

Business Wire - 3 months ago

HANOVER, Md.--(BUSINESS WIRE)--Ciena® Corporation expects to announce its fiscal fourth quarter financial results on Thursday, December 10, 2020.

Zacks Investment Research - 3 months ago

The Blue Planet software of Ciena (CIEN) offers key insights into the network to enable service providers optimize business processes spanning IT and Network functions.

Business Wire - 3 months ago

HANOVER, Md.--(BUSINESS WIRE)--Blue Planet, a division of Ciena (NYSE: CIEN), is providing BT with intelligent automation software as part of the global service provider's drive to deliver mar...

Seeking Alpha - 3 months ago

Ciena posted strong quarterly results but warned on revenue weakness. Valuations are compelling at these levels.

The Motley Fool - 3 months ago

These three tech stocks are solid investments at nearly any price, and two of them are also on sale right now.

Other stocks mentioned: LLNW, SHOP
Business Wire - 3 months ago

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

Business Wire - 3 months ago

HANOVER, Md.--(BUSINESS WIRE)--SUB.CO and its Australian entity APX Partners are teaming up with Ciena to upgrade its Indigo submarine cable.

Business Wire - 4 months ago

LITTLE ROCK, Ark. & HANOVER, Md.--(BUSINESS WIRE)--Windstream, a leading provider of advanced network communications, has selected Ciena (NYSE:CIEN) to modernize its Fiber-to-the-Tower (FTTT) ...

Zacks Investment Research - 4 months ago

Ciena (CIEN) closed at $41.24 in the latest trading session, marking a -0.6% move from the prior day.

The Motley Fool - 4 months ago

These three transformative stocks can build a diversified portfolio in an instant.

Other stocks mentioned: JNJ, WORK
Market Watch - 4 months ago

Apple is making 5G phones, underscoring expectations for a vast increase in broadband demand.

Other stocks mentioned: ADTN, CALX, IPHI, LITE
The Motley Fool - 4 months ago

A stock price turnaround could be in the cards for this optical transport provider.

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
7,032
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 57.71, which is an increase of 14.14% from the latest price.

Price Target
$57.71
(14.14% upside)
Analyst Consensus: Buy