CienaCIEN
Market Cap: $7.39B
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 Q2 SEC filings by fund managers ($100M+ AUM)
188% more call options, than puts
Call options by funds: $92.5M | Put options by funds: $32.2M
1.54% more ownership
Funds ownership: 95.83% [Q1] → 97.37% (+1.54%) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 5 [Q1] → 5 (+0) [Q2]
2% less capital invested
Capital invested by funds: $6.85B [Q1] → $6.74B (-$104M) [Q2]
3% less funds holding
Funds holding: 461 [Q1] → 448 (-13) [Q2]
14% less repeat investments, than reductions
Existing positions increased: 146 | Existing positions reduced: 170
18% less first-time investments, than exits
New positions opened: 58 | Existing positions closed: 71
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
B of A Securities Tal Liani 47% 1-year accuracy 9 / 19 met price target | 15%upside $59 | Neutral Downgraded | 5 Sept 2024 |
Rosenblatt Mike Genovese 63% 1-year accuracy 22 / 35 met price target | 17%upside $60 | Neutral Maintained | 5 Sept 2024 |
Barclays Tim Long 65% 1-year accuracy 26 / 40 met price target | 31%upside $67 | Overweight Maintained | 5 Sept 2024 |
Needham Ryan Koontz 45% 1-year accuracy 40 / 88 met price target | 27%upside $65 | Buy Reiterated | 5 Sept 2024 |
Morgan Stanley Meta Marshall 58% 1-year accuracy 11 / 19 met price target | 17%upside $60 | Overweight Maintained | 4 Sept 2024 |
Financial journalist opinion
Based on 15 articles about CIEN published over the past 30 days