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Ciena (CIEN)
NYSE:CIEN
Ciena (CIEN) Stock Price & Analysis
1,637 Followers
CIEN Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$38.33 - $56.38
Previous Close$42.39
Volume3.61M
Average Volume (3M)1.77M
Market Cap
$7.09B
Enterprise Value$7.56B
Total Cash (Recent Filing)$1.15B
Total Debt (Recent Filing)$1.63B
Price to Earnings (P/E)31.5
Beta1.18
Next Earnings
Aug 31, 2023EPS Estimate
$0.52Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)1.35
Shares Outstanding149,159,768
10 Day Avg. Volume2,710,253
30 Day Avg. Volume1,768,059
Standard Deviation0.11
R-Squared0.24
Alpha0.00922
Financial Highlights & Ratios
Price to Book (P/B)3.38
Price to Sales (P/S)5.99
Price to Cash Flow (P/CF)-6.80
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.97
Enterprise Value/Gross Profit4.84
Enterprise Value/Ebitda18.00
Forecast
1Y Price Target
$60.15Price Target Upside38.98% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering13
Ciena News
Stock Analysis & Ideas3 Best Stocks to Buy Now, 6/5/2023, According to Top Analysts
Pre-EarningsCIEN Upcoming Earnings Report: What to Expect?
Risk Analysis
Main Risk Category
Ability to SellRisks related to the company’s ability to sell goods and services
Product Insights
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 $38.33 and its highest was $56.38 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 Aug 31, 2023 which is in 84 days.
How were Ciena’s earnings last quarter?
Ciena released its earnings results on Jun 06, 2023. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.624 by $0.116.
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 $0.52.
How many shares outstanding does Ciena have?
Ciena has 149,159,770 shares outstanding.
What happened to Ciena’s price movement after its last earnings report?
Ciena reported an EPS of $0.74 in its last earnings report, beating expectations of $0.624. Following the earnings report the stock price went down -10.758%.
Which hedge fund is a major shareholder of Ciena?
Among the largest hedge funds holding Ciena’s share is Diamond Hill Capital Management Inc. It holds Ciena’s shares valued at 83M.
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Ciena Stock Smart Score
Neutral
1
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9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$60.15 (38.98% Upside)
$60.15 (38.98% Upside)
Blogger Sentiment
Bullish
CIEN Sentiment 100%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Decreased
By 1.6M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▲ 4.0%
Last 30 Days ▼ 0.3%
Last 30 Days ▼ 0.3%
News Sentiment
Very Positive
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-14.12%
12-Months-Change
Fundamentals
Return on Equity
7.10%
Trailing 12-Months
Asset Growth
16.35%
Trailing 12-Months
Learn more about TipRanks Smart Score
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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Top 5 ETFs holding CIEN
Vanguard Information Technology ETF
$33.69M
iShares Core S&P Total U.S. Stock Market ETF
$7.09M
Schwab U.S. Large-Cap Growth ETF
$6.64M
Fidelity MSCI Information Technology Index ETF
$5.88M
Schwab U.S. Large-Cap ETF
$5.79M
Up to five ETFs with an Outperform Smart Score that hold CIEN. The ETFs are listed according to market value of CIEN within the ETF
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