Ciena Corporation (CIEN)

NYSE: CIEN · IEX Real-Time Price · USD
50.21
+0.71 (1.43%)
Feb 7, 2023, 4:00 PM EST - Market closed
1.43%
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]

Sector Technology
IPO Date Feb 7, 1997
Employees 7,917
Stock Exchange NYSE
Ticker Symbol CIEN
Full Company Profile

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 Statements

Analyst 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.

Price Target
$63.53
(26.53% upside)
Analyst Consensus: Buy
Stock Forecasts

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...

1 week ago - Business Wire

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...

2 weeks ago - Business Wire

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...

2 weeks ago - Business Wire

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.

3 weeks ago - Zacks Investment Research

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...

1 month ago - Business Wire

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.

1 month ago - Zacks Investment Research

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...

1 month ago - Business Wire

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.

Other symbols: NVT
2 months ago - Zacks Investment Research

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.

2 months ago - Zacks Investment Research

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.

Other symbols: ATVIGMEMSFT
2 months ago - Yahoo Finance

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?

2 months ago - Zacks Investment Research

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 ...

2 months ago - Market Watch

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...

2 months ago - Business Wire

Earnings Preview: What To Expect From Ciena On Thursday

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

2 months ago - Forbes

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.

2 months ago - Zacks Investment Research

Ciena (CIEN) Expands Portfolio With Tibit & Benu Acquisitions

Ciena (CIEN) plans to acquire Tibit Communications to complement its existing portfolio and expand global footprint.

2 months ago - Zacks Investment Research

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...

2 months ago - Business Wire

Omantel Launches Middle East's First 400GbE DCI Service with Ciena

MUSCAT, Oman & HANOVER, Md.

3 months ago - Business Wire

WIOCC to Activate Fiber Pair on Equiano Cable with Ciena

HANOVER, Md.

3 months ago - Business Wire

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.

Other symbols: CINFCVE
3 months ago - Zacks Investment Research

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.

4 months ago - Zacks Investment Research

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...

4 months ago - Business Wire

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.

4 months ago - Business Wire

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.

4 months ago - Business Wire