Ciena/CIEN

$44.22

-1.29%
-
1D1W1MYTD1YMAX

About Ciena

Ciena Corporation is a network platform, software, and services company. The Company’s solutions enable a range of network operators to deploy and manage networks that deliver services to businesses and consumers. Its segments include Networking Platforms, Platform Software and Services, Blue Planet Automation Software and Services, and Global Services. Its Networking Platforms segment consists of its Optical Networking and Routing and Switching portfolios. Its Platform Software and Services segment provides domain control management, analytics, data and planning tools and applications to manage networks. Its Blue Planet Automation Software and Services segment includes multi-domain service orchestration (MDSO), inventory management (BPI), route optimization and analysis (ROA), multi-cloud orchestration (MCO), and unified assurance and analytics (UAA). Global Services segment offers a suite of value-added services that help its customers to build, operate and improve their networks.

Ticker

CIEN

Sector

Technology

Trading on

NYSE

Industry

Communications Equipment

CEO

Patrick Nettles

Employees

8,483

Headquarters

Hanover, United States

Ciena Metrics

BasicAdvanced
$6.41B
Market cap
28.81
P/E ratio
$1.54
EPS
1.01
Beta
-
Dividend rate
$6.41B
1.01307
$63.24
$39.94
2.1M
4.289
3.119
52.783
53.326
23.743
7.69%
4.05%
7.92%
4.85%
28.814
1.468
2.198
2.808
10.556
13.6%
26.11%
7.49%
-9.7%

What the Analysts think about Ciena

Analyst Ratings

Majority rating from 17 analysts.
Buy

Price Targets

Average projection from 14 analysts.
31.16% upside
High $68.00
Low $42.50
$44.22
Current price
$58.00
Average price target

Ciena Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
4.77% profit margin
QuarterlyAnnual
Q1 24
QoQ growth
Revenue
$1.04B
-8.12%
Net income
$49.5M
-45.66%
Profit margin
4.77%
-40.82%

Ciena Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 36.19%
QuarterlyAnnual
Q2 23
Q3 23
Q4 23
Q1 24
Q2 24
Actual
$0.74
$0.59
$0.75
$0.66
-
Expected
$0.61
$0.51
$0.69
$0.48
$0.14
Surprise
21.66%
16.09%
8.66%
36.19%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

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FAQs

What’s the current market cap for Ciena stock?

Ciena (CIEN) has a market cap of $6.41B as of April 19, 2024.

What is the P/E ratio for Ciena stock?

The price to earnings (P/E) ratio for Ciena (CIEN) stock is 28.81 as of April 19, 2024.

Does Ciena stock pay dividends?

No, Ciena (CIEN) stock does not pay dividends to its shareholders as of April 19, 2024.

When is the next Ciena dividend payment date?

Ciena (CIEN) stock does not pay dividends to its shareholders.

What is the beta indicator for Ciena?

Ciena (CIEN) has a beta rating of 1.01. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.

What is the Ciena stock price target?

The target price for Ciena (CIEN) stock is $58, which is 32.51% above the current price of $43.77. This is an average based on projections from 14 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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