CienaCIEN
About: Ciena Corp is a network and technology company. It provides network hardware, software, and services that support the transport, switching, aggregation, service delivery, and management of video, data, and voice traffic on communications networks. It serves various industries such as communication services providers, web-scale providers, cable operators, government, and large enterprises world-wide. The business activities function through Networking Platforms; Platform Software and Services; Blue Planet Automation Software, and Global Services segments. Geographically, its presence is seen in the markets of the United States, Canada, the Caribbean, Latin America, Europe, the Middle East, Africa, the Asia Pacific, Japan, and India. The maximum revenue is generated from Americas.
Employees: 8,483
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
188% more call options, than puts
Call options by funds: $143M | Put options by funds: $49.8M
40% more funds holding in top 10
Funds holding in top 10: 5 [Q2] → 7 (+2) [Q3]
28% more capital invested
Capital invested by funds: $6.8B [Q2] → $8.72B (+$1.92B) [Q3]
3% more first-time investments, than exits
New positions opened: 79 | Existing positions closed: 77
0% more funds holding
Funds holding: 450 [Q2] → 452 (+2) [Q3]
0.27% less ownership
Funds ownership: 98.28% [Q2] → 98.01% (-0.27%) [Q3]
1% less repeat investments, than reductions
Existing positions increased: 148 | Existing positions reduced: 150
Research analyst outlook
15 Wall Street Analysts provided 1 year price targets over the past 3 months
15 analyst ratings
Morgan Stanley Meta Marshall 71% 1-year accuracy 12 / 17 met price target | 6%downside $63 | Equal-Weight Downgraded | 28 Oct 2024 |
Evercore ISI Group Amit Daryanani 72% 1-year accuracy 33 / 46 met price target | 3%downside $65 | In-Line Downgraded | 15 Oct 2024 |
Exane BNP Paribas Karl Ackerman 40% 1-year accuracy 4 / 10 met price target | 0%downside $67 | Neutral Downgraded | 9 Oct 2024 |
Stifel Ruben Roy 76% 1-year accuracy 25 / 33 met price target | 12%upside $75 | Buy Maintained | 9 Oct 2024 |
Morgan Stanley Meta Marshall 71% 1-year accuracy 12 / 17 met price target | 6%downside $63 | Overweight Maintained | 9 Oct 2024 |
Financial journalist opinion
Based on 6 articles about CIEN published over the past 30 days
