Ciena Corp (CIEN)

NYSE
Currency in USD
98.54
+0.36(+0.37%)
Real-time Data
CIEN Scorecard
Full Analysis
Net income is expected to grow this year
Trading near 52-week High
Fair Value
Day's Range
97.76101.44
52 wk Range
43.30101.44
Key Statistics
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Prev. Close
98.18
Open
99.41
Day's Range
97.76-101.44
52 wk Range
43.3-101.44
Volume
1.47M
Average Volume (3m)
2.03M
1-Year Change
90.9%
Book Value / Share
19.5
Fair Value
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Fair Value Upside
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CIEN Scorecardpro icon
Company’s Health
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Fair Value
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Fair Pricepro lock
Upsidepro lock
Price Target
89.80
Downside
-8.87%
Members' Sentiments
Bearish
Bullish
ProTips
11 analysts have revised their earnings downwards for the upcoming period
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Ciena Corp Company Profile

Ciena Corporation, a network technology company, provides hardware, software, and services for various network operators in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and India. It operates through Networking Platforms, Platform Software and Services, Blue Planet Automation Software and Services, and Global Services segments. The Networking Platforms segment consist of a range of products and solutions for convergence of coherent optical transport, open optical networking, optical transport network switching, IP routing, and switching services. This segments products include the 6500 Packet-Optical Platform, Waveserver modular interconnect system, the 6500 Reconfigurable Line system, Coherent ELS open line system, O-NID edge OTN demarcation device, coherent pluggable transceivers, and the 5400 family of Packet-Optical platforms; and the 3000 family of service delivery platforms and the 5000 family of service aggregation, as well as the 8100 Coherent IP networking platforms, WaveRouter product, virtualization software, the 6500 Packet Transport system, the 8700 Packetwave platform, and SD-Edge software and passive optical network routing and switching portfolio products. The Platform Software and Services segment offers Navigator Network Control Suite domain controller solution, OneControl unified management system, and data and planning tools. The Blue Planet Automation Software and Services segment comprises inventory management, multi-domain service orchestration, multi-cloud orchestration, route optimization and analysis, and unified assurance and analytics. The Global Services segment provides maintenance support and training, installation and deployment, and consulting and network design services. Ciena Corporation was incorporated in 1992 and is headquartered in Hanover, Maryland.

Ciena Corp SWOT Analysis


AI Networking Boom
Ciena positions itself to capitalize on the surging demand for AI and ML networking infrastructure, with its optical solutions poised for significant growth
Financial Resilience
Despite near-term challenges, Ciena projects long-term growth of 8-11%, supported by strategic investments and anticipated margin improvements
Product Innovation
Explore how Ciena's WaveLogic 6 technology could drive revenue growth and maintain the company's competitive edge in high-performance networking
Market Dynamics
Analyst targets range from $55 to $97, reflecting varied perspectives on Ciena's potential in the evolving telecommunications and cloud computing landscape
Read full SWOT analysis

Ciena Corp Earnings Call Summary for Q3/2024

  • Q3 revenue: $942M, adjusted EPS: $0.35; Q4 guidance: $1.06B-$1.14B revenue
  • Strong demand for network capacity driven by cloud adoption and AI traffic
  • WaveLogic 5 products gain traction; 12,000 modems shipped
  • Long-term growth projection: 6-8% compound annual growth rate
  • CFO Jim Moylan to retire; search for successor underway
Last Updated: 2024/09/04, 23:16
Read Full Transcript

Compare CIEN to Peers and Sector

Metrics to compare
CIEN
Peers
Sector
Relationship
P/E Ratio
167.3x−1.1x11.7x
PEG Ratio
−2.510.000.01
Price/Book
5.0x0.7x2.4x
Price / LTM Sales
3.5x0.3x2.2x
Upside (Analyst Target)
−4.3%122.2%23.2%
Fair Value Upside
Unlock19.1%4.2%Unlock

Analyst Ratings

9 Buy
7 Hold
0 Sell
Ratings:
16 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 89.80
(-8.87% Downside)

Earnings

Latest Release
Dec 12, 2024
EPS / Forecast
0.54 / 0.65
Revenue / Forecast
1.12B / 1.10B
EPS Revisions
Last 90 days

FAQ

What Is the Ciena Corp (CIEN) Stock Price Today?

The Ciena Corp stock price today is 98.54

What Stock Exchange Does Ciena Corp Trade On?

Ciena Corp is listed and trades on the NYSE stock exchange.

What Is the Stock Symbol for Ciena Corp?

The stock symbol for Ciena Corp is "CIEN."

What Is the Ciena Corp Market Cap?

As of today, Ciena Corp market cap is 14.05B.

What is Ciena Corp Earnings Per Share?

The Ciena Corp EPS is 0.58.

What Is the Next Ciena Corp Earnings Date?

Ciena Corp will release its next earnings report on 05 Mar 2025.

From a Technical Analysis Perspective, Is CIEN a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Buy.
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