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Ciena (CIEN)
NYSE:CIEN
Ciena (CIEN) Stock Price & Analysis
1,767 Followers
CIEN Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$39.94 - $63.24
Previous Close$47.74
Volume1.01M
Average Volume (3M)1.63M
Market Cap
$6.86B
Enterprise Value$7.20B
Total Cash (Recent Filing)$1.26B
Total Debt (Recent Filing)$1.60B
Price to Earnings (P/E)46.0
Beta1.05
Next Earnings
Aug 29, 2024EPS Estimate
$0.26Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)1.04
Shares Outstanding143,705,017
10 Day Avg. Volume2,048,758
30 Day Avg. Volume1,630,622
Standard Deviation0.11
R-Squared0.22
Alpha-0.00064
Financial Highlights & Ratios
Price to Book (P/B)3.09
Price to Sales (P/S)7.64
Price to Cash Flow (P/CF)29.80
P/FCF Ratio20.70
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.74
Enterprise Value/Gross Profit3.83
Enterprise Value/Ebitda17.33
Forecast
1Y Price Target
$56.97Price Target Upside20.57% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering15
Ciena News
Bulls Say, Bears Say
Bulls Say
AI IntegrationAI is increasingly becoming a meaningful part of Ciena’s investment thesis.
Cloud GrowthCloud vertical is expected to see continued strength driven by share gains and WaveLogic 6 ramp.
Service Provider RecoveryService provider inventory levels are declining and expected to normalize exiting FY24, with the routing market acting as a growth agent.
Bears Say
Inventory ManagementTier 1 North American service providers are still digesting excess inventory.
Revenue GrowthThe sequential decline in Cloud revenue is surprising and will raise concerns.
Sales PerformanceWebscale direct sales cooled (-42% q/q) after 2 hot quarters and telco sales declined (-25% y/y).
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Ownership Overview
3.38% Insiders
36.81% Mutual Funds
24.37% Other Institutional Investors
35.44% 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 Aug 29, 2024 which is in 57 days.
How were Ciena’s earnings last quarter?
Ciena released its earnings results on Jun 06, 2024. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.156 by $0.114.
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 $0.26.
How many shares outstanding does Ciena have?
Ciena has 143,705,020 shares outstanding.
What happened to Ciena’s price movement after its last earnings report?
Ciena reported an EPS of $0.27 in its last earnings report, beating expectations of $0.156. Following the earnings report the stock price went up 0.663%.
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 158M.
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Ciena Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$56.97 (20.57% Upside)
$56.97 (20.57% Upside)
Blogger Sentiment
Bullish
CIEN Sentiment 100%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 565.0K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 0.6%
Last 30 Days ▲ 5.2%
Last 30 Days ▲ 5.2%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
12.35%
12-Months-Change
Fundamentals
Return on Equity
5.31%
Trailing 12-Months
Asset Growth
-2.78%
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
Q2 2024
0:00 / 0:00
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CIEN Stock 12 Month Forecast
Average Price Target
$56.97
▲(20.57% Upside)
Technical Analysis
Best Analysts Covering CIEN
1 Year
1 Year Success Rate
26/33 ratings generated profit
1 Year Average Return
+15.52%
reiterated a buy rating 4 months ago
Copying Dave Kang's trades and holding each position for 1 Year would result in 78.79% of your transactions generating a profit, with an average return of +15.52% per trade.
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