NYSE:CIEN Ciena (CIEN) Stock Price, News & Analysis $85.01 -1.65 (-1.90%) (As of 05:26 PM ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends About Ciena Stock (NYSE:CIEN) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get Ciena alerts:Sign Up Key Stats Today's Range$84.06▼$85.8650-Day Range$63.24▼$91.1952-Week Range$43.30▼$91.82Volume1.13 million shsAverage Volume1.86 million shsMarket Capitalization$12.08 billionP/E Ratio90.44Dividend YieldN/APrice Target$77.00Consensus RatingModerate Buy Company OverviewCiena Corporation provides hardware and software services for delivery of video, data, and voice traffic metro, aggregation, and access communications network worldwide. The company's Networking Platforms segment offers convergence of coherent optical transport, open optical networking, optical transport network switching, IP routing, and switching services. Its products include 6500 Packet-Optical Platform, Waveserver stackable interconnect system, and the 6500 Reconfigurable line system, and the 5400 family of Packet-Optical platforms, as well as 8100 coherent routing platforms; 3000 family of service delivery switches and the 5000 family of service aggregation switches, as well as 8700 Packetwave Platform and 6500 Packet Transport System. This segment also sells operating system software and enhanced software features embedded in each of its products. The company's Blue Planet Automation Software and Services segment provides multi-domain service orchestration, inventory, route optimization and analysis, multi-cloud orchestration, and unified assurance and analytics services. Its Platform Software and Service segment offers MCP domain controller solution, and OneControl unified management system, as well as planning tools. The company's 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.Read More… Ciena Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks94th Percentile Overall ScoreCIEN MarketRank™: Ciena scored higher than 94% of companies evaluated by MarketBeat, and ranked 60th out of 662 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion2.3 / 5Analyst RatingModerate Buy Consensus RatingCiena has received a consensus rating of Moderate Buy. The company's average rating score is 2.54, and is based on 7 buy ratings, 6 hold ratings, and no sell ratings.Amount of Analyst CoverageCiena has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Ciena's stock forecast and price target. Earnings and Valuation3.1 / 5Proj. Earnings Growth61.06% Earnings GrowthEarnings for Ciena are expected to grow by 61.06% in the coming year, from $1.13 to $1.82 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Ciena is 90.44, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.27.Price to Earnings Ratio vs. SectorThe P/E ratio of Ciena is 90.44, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 237.81.Price to Earnings Growth RatioCiena has a PEG Ratio of 5.95. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioCiena has a P/B Ratio of 4.41. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Short Interest4.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted4.41% of the float of Ciena has been sold short.Short Interest Ratio / Days to CoverCiena has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Ciena has recently decreased by 1.60%, indicating that investor sentiment is improving. Dividend0.0 / 5Dividend StrengthN/A Dividend YieldCiena does not currently pay a dividend.Dividend GrowthCiena does not have a long track record of dividend growth. Sustainability and ESG3.9 / 5Environmental Score-0.77 Percentage of Shares Shorted4.41% of the float of Ciena has been sold short.Short Interest Ratio / Days to CoverCiena has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Ciena has recently decreased by 1.60%, indicating that investor sentiment is improving. News and Social Media3.5 / 5News Sentiment1.22 News SentimentCiena has a news sentiment score of 1.22. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.56 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Ciena this week, compared to 9 articles on an average week.Search Interest29 people have searched for CIEN on MarketBeat in the last 30 days. This is an increase of 123% compared to the previous 30 days.MarketBeat Follows9 people have added Ciena to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days. Company Ownership2.5 / 5Insider TradingSelling Shares Insider Buying vs. Insider SellingIn the past three months, Ciena insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,007,077.00 in company stock.Percentage Held by InsidersOnly 0.83% of the stock of Ciena is held by insiders.Percentage Held by Institutions91.99% of the stock of Ciena is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Ciena's insider trading history. Receive CIEN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Ciena and its competitors with MarketBeat's FREE daily newsletter. Email Address CIEN Stock News HeadlinesCiena Rebounds: AI and Strong Guidance Drive Post-Earnings SurgeCiena stock jumped after issuing strong revenue growth guidance through 2027. Find out how AI and network upgrades are driving the momentum.December 25, 2024 | marketbeat.comCiena Co. (NYSE:CIEN) SVP Sells $311,815.00 in StockDecember 19, 2024 | insidertrades.comURGENT: This Altcoin Opportunity Won’t Wait – Act NowCrypto has officially entered the "banana zone" – that wild phase where prices can 1000x in days. It happens like clockwork every 4 years, during the December to February window of a Bitcoin halving year. This is where fortunes are made – often LITERALLY overnight.December 30, 2024 | Crypto Swap Profits (Ad)Ciena SVP Gage Brodie sells $30,674 in stockDecember 30 at 12:48 PM | investing.comSome May Be Optimistic About Ciena's (NYSE:CIEN) EarningsDecember 28 at 8:34 AM | finance.yahoo.comCiena’s Ambitious Market Expansion: Navigating Risks and Opportunities in Advanced TechnologiesDecember 22, 2024 | tipranks.comDecoding Ciena Corp (CIEN): A Strategic SWOT InsightDecember 21, 2024 | gurufocus.comBank of America Sees Bright Future for Ciena Corp (CIEN) with Raised Price TargetDecember 20, 2024 | insidermonkey.comSee More Headlines CIEN Stock Analysis - Frequently Asked Questions How have CIEN shares performed this year? Ciena's stock was trading at $45.01 at the beginning of the year. Since then, CIEN stock has increased by 88.9% and is now trading at $85.01. View the best growth stocks for 2024 here. How were Ciena's earnings last quarter? Ciena Co. (NYSE:CIEN) issued its earnings results on Thursday, December, 12th. The communications equipment provider reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by $0.12. Ciena's quarterly revenue was down .5% on a year-over-year basis. How will Ciena's stock buyback program work? Ciena's Board of Directors authorized a stock buyback program on Wednesday, October 2nd 2024, which permits the company to repurchase $1,000,000,000 in outstanding shares, according to EventVestor. This means that the company could purchase up to 10.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its shares are undervalued. Does Ciena have any subsidiaries? The following companies are subsidiaries of Ciena: Centina Systems Inc, DonRiver, Packet Design, cyan, World Wide Packets, PhyFlex Networks, Catena Networks, and others. How do I buy shares of Ciena? Shares of CIEN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of Ciena own? Based on aggregate information from My MarketBeat watchlists, some other companies that Ciena investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), Adobe (ADBE), CrowdStrike (CRWD) and ServiceNow (NOW). Company Calendar Last Earnings12/12/2024Today12/30/2024Fiscal Year End10/31/2025Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorComputer and Technology Industry Telephone & telegraph apparatus Sub-IndustryCommunications Equipment Current SymbolNYSE:CIEN CUSIP17177930 CIK936395 Webwww.ciena.com Phone(410) 694-5700Fax410-694-5750Employees8,483Year Founded1992Price Target and Rating Average Stock Price Target$77.00 High Stock Price Target$98.00 Low Stock Price Target$54.00 Potential Upside/Downside-9.0%Consensus RatingModerate Buy Rating Score (0-4)2.54 Research Coverage13 Analysts Profitability EPS (Most Recent Fiscal Year)$0.57 Trailing P/E Ratio90.05 Forward P/E Ratio74.91 P/E Growth5.95Net Income$254.83 million Net Margins3.44% Pretax Margin3.54% Return on Equity5.98% Return on Assets3.08% Debt Debt-to-Equity Ratio0.53 Current Ratio4.06 Quick Ratio2.99 Sales & Book Value Annual Sales$4.01 billion Price / Sales3.00 Cash Flow$3.49 per share Price / Cash Flow24.28 Book Value$19.27 per share Price / Book4.39Miscellaneous Outstanding Shares142,116,000Free Float143,228,000Market Cap$12.03 billion OptionableOptionable Beta0.95 Social Links Beginners Guide To Retirement StocksClick the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio. Get This Free Report This page (NYSE:CIEN) was last updated on 12/30/2024 by MarketBeat.com Staff From Our Partners Is Starlink Set For The Largest IPO In History?He turned PayPal from a tiny, off-the-radar startup… to a massive $64 billion giant. Then, he did it again ...Paradigm Press | Sponsoredliberals FOOLED by Elon’s shocking surpriseElon Musk and Donald Trump fooled everyone. They said it was to “save free speech”... Or “fix what the l...StocksToTrade | Sponsored3 CENT Crypto to Explode December 16th?Chris Rowe – the man who recommended Amazon in 1998… Bitcoin and Ethereum in 2017… And has spotted 44 diffe...True Market Insiders | Sponsored>>>RE: Buy this Stock before Trump Takes Office!To make sure everyone has the opportunity to get in, closes for good at midnight on January 1st, we're lowerin...Behind the Markets | SponsoredURGENT: This Altcoin Opportunity Won’t Wait – Act NowIt’s here. This is the moment we’ve been waiting for. 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