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]
29% more capital invested
Capital invested by funds: $6.8B [Q2] → $8.75B (+$1.95B) [Q3]
2% more funds holding
Funds holding: 450 [Q2] → 457 (+7) [Q3]
10% more first-time investments, than exits
New positions opened: 79 | Existing positions closed: 72
0.06% more ownership
Funds ownership: 98.28% [Q2] → 98.33% (+0.06%) [Q3]
0% more repeat investments, than reductions
Existing positions increased: 151 | Existing positions reduced: 151
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
Citigroup Jim Suva 50% 1-year accuracy 2 / 4 met price target | 12%upside $98 | Buy Maintained | 13 Dec 2024 |
Barclays Tim Long 54% 1-year accuracy 29 / 54 met price target | 11%upside $97 | Overweight Maintained | 13 Dec 2024 |
Rosenblatt Mike Genovese 77% 1-year accuracy 27 / 35 met price target | 8%upside $94 | Neutral Maintained | 13 Dec 2024 |
Stifel Ruben Roy 67% 1-year accuracy 22 / 33 met price target | 9%upside $95 | Buy Maintained | 13 Dec 2024 |
Northland Capital Markets Tim Savageaux 58% 1-year accuracy 14 / 24 met price target | 31%downside $60 | Market Perform Maintained | 13 Dec 2024 |
Financial journalist opinion
Based on 17 articles about CIEN published over the past 30 days
