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Ciena (CIEN)
NYSE:CIEN
Holding CIEN?
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CIEN Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$42.20 - $73.47
Previous Close$68.17
Volume1.42M
Average Volume (3M)1.98M
Market Cap
$9.85B
Enterprise Value$10.34B
Total Cash (Recent Filing)$1.10B
Total Debt (Recent Filing)$1.59B
Price to Earnings (P/E)72.7
Beta1.27
Next Earnings
Dec 12, 2024EPS Estimate
$0.65Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.94
Shares Outstanding144,427,200
10 Day Avg. Volume1,595,500
30 Day Avg. Volume1,982,023
Standard Deviation0.11
R-Squared0.20
Alpha0.00369
Financial Highlights & Ratios
Price to Book (P/B)3.32
Price to Sales (P/S)2.41
Price to Cash Flow (P/CF)-15.20
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.57
Enterprise Value/Gross Profit5.50
Enterprise Value/Ebitda29.49
Forecast
1Y Price Target
$64.62Price Target Upside-7.86% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering13
Ciena News
Bulls Say, Bears Say
Bulls Say
AI And Market PositioningCiena Corporation is well-positioned for the AI opportunity, with increased investor recognition driving the stock up ~45% year-to-date.
Cloud And Data Center GrowthCiena's cloud exposure is significant, with a ~70% share in long haul DCI markets, where the most growth is expected.
Product Innovation And OpportunityThe company announced their 1.6T Coherent-Lite product, which could be used for shorter-range connections and optical cross-connects, offering new opportunities.
Bears Say
EarningsCaution is advised heading into FQ4 earnings as the current revenue growth rate is at the high end of medium-term expectations.
Revenue Performance3Q revenues beat Street estimates but were down 12% YoY, and 4Q revenue growth guidance of -2.6% missed Street’s -0.5% expectations.
Stock ValuationThe stock is trading around the price target after a ~30% increase over the past month, leading to a shift in rating to In Line.
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Ownership Overview
1.24% Insiders
33.21% Mutual Funds
28.19% Other Institutional Investors
14.19% 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 $42.20 and its highest was $73.47 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 Dec 12, 2024 which is in 19 days.
How were Ciena’s earnings last quarter?
Ciena released its earnings results on Sep 04, 2024. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.269 by $0.081.
Is Ciena overvalued?
According to Wall Street analysts Ciena’s price is currently Overvalued.
Does Ciena pay dividends?
Ciena does not currently pay dividends.
What is Ciena’s EPS estimate?
Ciena’s EPS estimate is $0.65.
How many shares outstanding does Ciena have?
Ciena has 144,427,200 shares outstanding.
What happened to Ciena’s price movement after its last earnings report?
Ciena reported an EPS of $0.35 in its last earnings report, beating expectations of $0.269. Following the earnings report the stock price went down -0.759%.
Which hedge fund is a major shareholder of Ciena?
Among the largest hedge funds holding Ciena’s share is Slate Path Capital LP. It holds Ciena’s shares valued at 176M.
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Ciena Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$64.62 (-7.86% Downside)
$64.62 (-7.86% Downside)
Blogger Sentiment
Bullish
CIEN Sentiment 100%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Increased
By 1.4M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▲ 1.1%
Last 30 Days ▲ 0.8%
Last 30 Days ▲ 0.8%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
49.75%
12-Months-Change
Fundamentals
Return on Equity
4.73%
Trailing 12-Months
Asset Growth
-2.59%
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
Q3 2024
0:00 / 0:00
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CIEN Stock 12 Month Forecast
Average Price Target
$64.62
▼(-7.86% Downside)
Technical Analysis
Best Analysts Covering CIEN
1 Year
1 Year Success Rate
28/33 ratings generated profit
1 Year Average Return
+18.45%
reiterated a buy rating 9 months ago
Copying Dave Kang's trades and holding each position for 1 Year would result in 84.85% of your transactions generating a profit, with an average return of +18.45% per trade.
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