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Ciena (CIEN)
NYSE:CIEN
Ciena (CIEN) Stock Price & Analysis
1,738 Followers
CIEN Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$39.94 - $63.24
Previous Close$43.92
Volume1.85M
Average Volume (3M)2.07M
Market Cap
$6.35B
Enterprise Value$6.58B
Total Cash (Recent Filing)$1.37B
Total Debt (Recent Filing)$1.60B
Price to Earnings (P/E)28.5
Beta1.02
Next Earnings
May 30, 2024EPS Estimate
$0.14Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)1.54
Shares Outstanding144,602,692
10 Day Avg. Volume1,544,294
30 Day Avg. Volume2,072,592
Standard Deviation0.11
R-Squared0.22
Alpha-0.00077
Financial Highlights & Ratios
Price to Book (P/B)2.76
Price to Sales (P/S)5.62
Price to Cash Flow (P/CF)5.90
P/FCF Ratio5.90
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.53
Enterprise Value/Gross Profit3.50
Enterprise Value/Ebitda16.71
Forecast
1Y Price Target
$60.32Price Target Upside34.88% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
Ciena News
PremiumCompany Announcements
Ciena’s VP Andrew Petrik Announces Retirement After Long Tenure
PremiumCompany Announcements
Ciena Stockholders Vote on Incentives and Governance ChangesBulls Say, Bears Say
Bulls Say
Growth ProspectsWith direct cloud revenue growing significantly in the fiscal year, CIEN's focus on expanding in the cloud space indicates strong growth prospects.
Market ExpansionExpansion into adjacent markets such as routing/switching and network software is seen as an opportunity for further growth.
Technological LeadershipCIEN is recognized as a leading company with the potential to continue dominating its core segment through technological leadership.
Bears Say
Earnings RevisionCIEN's recent earnings were impacted by a slower recovery from service providers, necessitating a downward revision in guidance.
Market DemandCisco January quarter noted a 40% order decline in Service Provider, indicating potential headwinds for CIEN.
Revenue GuidanceManagement reduced its FY24 revenue guidance to $4.15bn, versus the prior $4.50bn, due to weaker service provider growth.
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Ownership Overview
3.39% Insiders
31.65% Mutual Funds
24.55% Other Institutional Investors
40.41% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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CIEN FAQ
What was Ciena’s price range in the past 12 months?
Ciena lowest stock price was $39.94 and its highest was $63.24 in the past 12 months.
What is Ciena’s market cap?
Currently, no data Available
When is Ciena’s upcoming earnings report date?
Ciena’s upcoming earnings report date is May 30, 2024 which is in 36 days.
How were Ciena’s earnings last quarter?
Ciena released its earnings results on Mar 07, 2024. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.485 by $0.175.
Is Ciena overvalued?
According to Wall Street analysts Ciena’s price is currently Undervalued.
Does Ciena pay dividends?
Ciena does not currently pay dividends.
What is Ciena’s EPS estimate?
Ciena’s EPS estimate is $0.14.
How many shares outstanding does Ciena have?
Ciena has 144,602,690 shares outstanding.
What happened to Ciena’s price movement after its last earnings report?
Ciena reported an EPS of $0.66 in its last earnings report, beating expectations of $0.485. Following the earnings report the stock price went down -14.719%.
Which hedge fund is a major shareholder of Ciena?
Among the largest hedge funds holding Ciena’s share is Atreides Management, LP. It holds Ciena’s shares valued at 115M.
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Ciena Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$60.32 (34.88% Upside)
$60.32 (34.88% Upside)
Blogger Sentiment
Bullish
CIEN Sentiment 100%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 1.6M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▲ 0.6%
Last 30 Days ▼ 5.0%
Last 30 Days ▼ 5.0%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-6.33%
12-Months-Change
Fundamentals
Return on Equity
7.92%
Trailing 12-Months
Asset Growth
-1.40%
Trailing 12-Months
Company Description
Ciena
Ciena Corp. engages in the provision of network and communication infrastructure. It operates through the following segments: Converged Packet Optical; Packet Networking; Optical Transport; and Software and Services. The Converged Packet Optical segment develops and sells optical processors, switching systems and operating system software. The Packet Networking segment includes service delivery switches, services aggregation switches, and ethernet packet configurations. The Optical Transport segment manufactures and trades optical transport systems, common photonic layer, data networking products, data center interconnection and virtual networks. The Software and Services segment provides wide area network controller, network functions virtualization platform, and software applications. The company was founded by Patrick H. Nettles in November 1992 and is headquartered in Hanover, MD.
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CIEN Company Deck
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CIEN Earnings Call
Q1 2024
0:00 / 0:00
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CIEN Stock 12 Months Forecast
Average Price Target
$60.32
▲(34.88% Upside)
Technical Analysis
Best Analysts Covering CIEN
1 Year
1 Year Success Rate
25/33 ratings generated profit
1 Year Average Return
+14.81%
reiterated a buy rating 2 months ago
Copying Dave Kang's trades and holding each position for 1 Year would result in 75.76% of your transactions generating a profit, with an average return of +14.81% per trade.
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