Ciena Corporation (CIEN)

NYSE: CIEN · IEX Real-Time Price · USD
51.37
-0.99 (-1.89%)
May 16, 2022 4:00 PM EDT - Market closed
Market Cap7.81B
Revenue (ttm)3.71B
Net Income (ttm)490.67M
Shares Out152.13M
EPS (ttm)3.13
PE Ratio16.40
Forward PE16.67
Dividendn/a
Ex-Dividend Daten/a
Volume1,190,361
Open52.23
Previous Close52.36
Day's Range51.27 - 52.46
52-Week Range49.52 - 78.28
Beta0.84
AnalystsBuy
Price Target80.76 (+57.2%)
Earnings DateJun 2, 2022

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...

IndustryCommunications Equipment
IPO DateFeb 7, 1997
CEOGary Smith
Employees7,419
Stock ExchangeNYSE
Ticker SymbolCIEN
Full Company Profile

Financial Performance

In 2021, Ciena's revenue was $3.62 billion, an increase of 2.51% compared to the previous year's $3.53 billion. Earnings were $500.20 million, an increase of 38.45%.

Financial Statements

Analyst Forecast

According to 25 analysts, the average rating for CIEN stock is "Buy." The 12-month stock price forecast is 80.76, which is an increase of 57.21% from the latest price.

Price Target
$80.76
(57.21% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Ciena Announces Reporting Date and Web Broadcast for Fiscal Second Quarter 2022 Results

HANOVER, Md.--(BUSINESS WIRE)--Ciena® Corporation (NYSE: CIEN) expects to announce its fiscal second quarter financial results on Thursday, June 2, 2022 before the open of the financial markets. The pre...

1 week ago - Business Wire

3 Ways to Invest in 5G Growth

Investors have several ways to invest in companies that have significant exposure to 5G, from service providers to equipment makers to materials specialists. These three stocks each represent unique way...

Other symbols:AVGODD
3 weeks ago - MarketBeat

Ciena's (CIEN) Waveserver Ai Platform Adopted by team.blue

Leveraging the power of Ciena's (CIEN) Waveserver Ai platform, team.blue, will improve its cloud and network offerings, thereby delivering cutting-edge services to customers.

1 month ago - Zacks Investment Research

team.blue Denmark Improves Cloud and Network Offerings With Ciena's Data Center Interconnect Platform

SKANDENBORG, Denmark & HANOVER, Md.--(BUSINESS WIRE)--team.blue Denmark has selected Ciena's Waveserver Ai platform to serve as the foundation for its WAN-ring.

1 month ago - Business Wire

Ciena's (CIEN) GeoMesh Extreme Solution Leveraged by EASSy

Ciena's (CIEN) GeoMesh Extreme solution is adopted by EASSy to boost the capacity of its submarine cable system to meet the increasing demand and enhance global connectivity.

1 month ago - Zacks Investment Research

EASSy Submarine Cable Network Upgraded with Ciena GeoMesh Extreme

HANOVER, Md.--(BUSINESS WIRE)--EASSy, the 10,000-km submarine cable system traversing Africa's coasts, is leveraging Ciena's GeoMesh Extreme, powered by WaveLogic 5 Extreme.

1 month ago - Business Wire

This Beaten-Down Tech Stock Could Explode in the Long Run

A solid order backlog could help this networking stock regain its mojo.

1 month ago - The Motley Fool

Ciena (CIEN) Matches Q1 Earnings Estimates, Misses on Revenues

For second-quarter fiscal 2022, Ciena (CIEN) expects revenues in the range of $930-$970 million.

2 months ago - Zacks Investment Research

Why Ciena Stock Got Slammed on Monday

The tech company missed on Q1 revenue.

2 months ago - The Motley Fool

7 Telecom Stocks to Buy for March

One reason Telecom stocks like CFLD stock are attractive is because they are less susceptible to consumer spending trends than tech stocks. The post 7 Telecom Stocks to Buy for March appeared first on I...

2 months ago - InvestorPlace

Ciena (CIEN) Matches Q1 Earnings Estimates

Ciena (CIEN) delivered earnings and revenue surprises of 0% and 0.24%, respectively, for the quarter ended January 2022. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

Ciena Reports Fiscal First Quarter 2022 Financial Results

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

2 months ago - Business Wire

Ciena (CIEN) to Report Q1 Earnings: What's in the Offing?

Ciena's (CIEN) fiscal first-quarter performance will likely benefit from a robust demand environment. However, supply chain troubles are likely to act as a headwind.

2 months ago - Zacks Investment Research

Earnings Preview: Ciena (CIEN) Q1 Earnings Expected to Decline

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.

2 months ago - Zacks Investment Research

4 Best 5G Stocks to Invest in

Wireless providers have 5G networks all over the world, which allows for faster, clearer internet connections, greater connectivity across the globe and advanced software applications and best of all, f...

Other symbols:FFIVMRVLVZ
2 months ago - MarketBeat

JPMorgan Announces ‘Viable' Quantum Secure Blockchain Network

JPMorgan Chase, Toshiba and telecom equipment company Ciena say they have demonstrated the “full viability” of a first-of-its-kind Quantum Key Distribution (QKD) network for metropolitan areas. The comp...

Other symbols:JPM
2 months ago - PYMNTS

JPMorgan Chase, Toshiba and Ciena Build the First Quantum Key Distribution Network Used to Secure Mission-Critical Bl...

NEW YORK & HANOVER, Md.--(BUSINESS WIRE)--In groundbreaking research, JPMorgan Chase, Toshiba and Ciena have demonstrated the full viability of a first-of-its-kind Quantum Key Distribution (QKD) network...

Other symbols:JPM
2 months ago - Business Wire

JPMorgan, Toshiba, Ciena find new way to protect blockchain with quantum network

A team of quantum computing engineers from JPMorgan Chase & Co, Toshiba Corp and Ciena Corp say they have successfully shown that a powerful, newly-developed encryption network can be used to protect co...

Other symbols:JPM
2 months ago - Reuters

Ciena (CIEN) Reports Q1 Preliminary Results, Cuts Revenue View

Ciena (CIEN) expects fiscal first-quarter revenues between $840 million and $850 million, lower than the previous expectation of $870 million to $910 million.

3 months ago - Zacks Investment Research

Ciena Announces Internet Availability of 2022 Annual Meeting Proxy Materials

HANOVER, Md.--(BUSINESS WIRE)--Ciena® Corporation, announced today that proxy materials are available for its 2022 Annual Meeting of Stockholders.

3 months ago - Business Wire

Ciena Announces Preliminary Fiscal First Quarter 2022 Results

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

3 months ago - Business Wire

NO-UK Submarine Cable System Achieves Record-breaking 800Gb/s Line Rate With Ciena

STAVANGER, Norway & HANOVER, Md.--(BUSINESS WIRE)--The NO-UK submarine cable system has achieved a record-breaking 800Gb/s line rate using Ciena's GeoMesh Extreme, powered by WaveLogic 5 Extreme.

3 months ago - Business Wire

7 Big Tech Stocks Likely to Outperform the Nasdaq in 2022

These tech stocks are in rapidly growing sectors, generate strong profits and high revenue growth, and have reasonable valuations. The post 7 Big Tech Stocks Likely to Outperform the Nasdaq in 2022 appe...

3 months ago - InvestorPlace

Ciena (CIEN) Optical Solutions Leveraged by India-Based Vi

Ciena's (CIEN) coherent optical solutions are being used by India-based telecom operator???Vodafone Idea Limited.

4 months ago - Zacks Investment Research

Ciena (CIEN) Deploys Solutions to Boost GBI's Submarine Network

Ciena (CIEN) partners Gulf Bridge International to boost the latter's submarine network infrastructure with GeoMesh Extreme solution.

4 months ago - Zacks Investment Research