Ciena
CIEN
Market cap $12B

84.76 USD

+0.72

0.86%

At close Jan 17, 4:00 PM EST

After hours

84.76

+0.00

0.00%

1 day

0.86%

5 days

4.98%

1 month

-3.83%

3 months

27.44%

6 months

68.11%

Year to date

1.83%

1 year

67.21%

5 years

100.71%

10 years

351.09%

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 which generates maximum revenue; Platform Software and Services; Blue Planet Automation Software, and Global Services segments. Geographically, the company derives a majority of its revenue from the Americas, and the rest from the Asia-Pacific (APAC), and Europe, Middle East, and Africa (EMEA) region.

Employees: 8,657

Communication Services Telephone & Telegraph Apparatus

0

Funds holding %

of 6,823 funds

0

Analysts bullish %

of 8 analysts

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

191% more call options, than puts

Call options by funds: $145M | 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: $6.87B [Q2] → $8.81B (+$1.94B) [Q3]

20% more first-time investments, than exits

New positions opened: 79 | Existing positions closed: 66

2% more funds holding

Funds holding: 450 [Q2] → 457 (+7) [Q3]

0% more repeat investments, than reductions

Existing positions increased: 151 | Existing positions reduced: 151

0.24% less ownership

Funds ownership: 99.18% [Q2] → 98.95% (-0.24%) [Q3]

See Fund Rankings

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$60

29%

downside

Avg. target

$87

3%

upside

High target

$98

16%

upside

8 analyst ratings

5 positive

63%

3 neutral

38%

0 negative

0%

Needham Ryan Koontz 74% 1-year accuracy 68 / 92 met price target	12%upside $95	Buy Reiterated	10 Jan 2025
Citigroup Jim Suva 50% 1-year accuracy 2 / 4 met price target	16%upside $98	Buy Maintained	13 Dec 2024
Barclays Tim Long 57% 1-year accuracy 30 / 53 met price target	14%upside $97	Overweight Maintained	13 Dec 2024
Rosenblatt Mike Genovese 81% 1-year accuracy 29 / 36 met price target	11%upside $94	Neutral Maintained	13 Dec 2024
Stifel Ruben Roy 74% 1-year accuracy 23 / 31 met price target	12%upside $95	Buy Maintained	13 Dec 2024

See Analyst Rankings

Financial journalist opinion

Based on 6 articles about CIEN published over the past 30 days

Zacks Investment Research

Ciena Stock Soars 69% in the Past 6 Months: Will the Uptrend Continue?

CIEN gains from rising network traffic, demand for bandwidth and the adoption of cloud architecture but competition, supply chain issues and higher costs limit its upside.

Ciena Stock Soars 69% in the Past 6 Months: Will the Uptrend Continue?

Zacks Investment Research

Ciena Aids Southern Cross to Achieve 1 Tb/s Transpacific Transmission

CIEN's WaveLogic 6 Extreme is used by Southern Cross to reach the world's first transpacific 1 Tb/s single-carrier wavelength on its live production network.

Ciena Aids Southern Cross to Achieve 1 Tb/s Transpacific Transmission

Southern Cross Achieves World's First 1 Tb/s Transmission Across the Pacific With Ciena

SYDNEY--(BUSINESS WIRE)--Southern Cross Cable Limited (“Southern Cross”) has connected the world's first transpacific 1 Tb/s single-carrier wavelength across its 13,500km live production network with Ciena's (NYSE: CIEN) WaveLogic 6 Extreme (WL6e) coherent optics. The connectivity milestone saw WL6e perform effortlessly at 1 Tb/s over the world's longest single optical submarine cable segment and demonstrates the adaptive nature of Southern Cross' network. With WL6e, Southern Cross continues to.

Southern Cross Achieves World's First 1 Tb/s Transmission Across the Pacific With Ciena

Ciena to Webcast Financial Community Event – January 9, 2025

HANOVER, Md.--(BUSINESS WIRE)--Ciena® Corporation (NYSE: CIEN) today announced its expected participation in the following upcoming event with the financial community.

Ciena to Webcast Financial Community Event – January 9, 2025

The Motley Fool

This Magnificent Artificial Intelligence (AI) Stock Jumped 90% in 2024. It Could Soar Over the Next 3 Years.

The demand for faster connectivity in data centers has been increasing of late to support artificial intelligence (AI) workloads, and this demand has rubbed off positively on companies such as Ciena (CIEN 0.44%) that are in the business of providing networking components.

This Magnificent Artificial Intelligence (AI) Stock Jumped 90% in 2024. It Could Soar Over the Next 3 Years.

Ciena Rebounds: AI and Strong Guidance Drive Post-Earnings Surge

Just as stocks can gap and crap on an earnings report, meaning the price initially gaps higher on the market open and sells off back to red during the day, stocks can also do the opposite, dump, and gap. Such was the case with leading optical networking solutions provider Ciena Co. NYSE: CIEN after releasing its fiscal fourth quarter 2024 earnings.

Ciena Rebounds: AI and Strong Guidance Drive Post-Earnings Surge

Zacks Investment Research

A Dive into Ciena (CIEN) International Revenue Trends and Forecasts

Explore how Ciena's (CIEN) revenue from international markets is changing and the resulting impact on Wall Street's predictions and the stock's prospects.

A Dive into Ciena (CIEN) International Revenue Trends and Forecasts

Ciena Corporation: I Don't See Much Upside From Here (Rating Downgrade)

I downgrade CIEN from buy to hold due to its expensive valuation, trading at 35x forward PE, well above its historical trend of 13-20x. CIEN's recent earnings showed strong revenue but missed EPS estimates due to an outsized inventory obsolescence charge; adjusted EPS beat consensus. Growth drivers include rising AI traffic, MOFN projects, and recovering service provider demand, supporting management's upgraded 8-11% mid-term growth guidance.

Ciena Corporation: I Don't See Much Upside From Here (Rating Downgrade)

Ciena Delivers Strong Q4 Earnings, But Valuation Demands Precision

Ciena Corporation has shown impressive growth, with a nearly 100% YTD return and a strong annualized ROR of 15.12% since 2015. Ciena's advanced tech, like the WaveLogic 6 Extreme, addresses growing bandwidth demands, but profitability pressures and inventory management challenges persist. Long-term growth prospects in cloud and AI are promising, but the stock's current high price leaves little room for error.

Ciena Delivers Strong Q4 Earnings, But Valuation Demands Precision

Overlooked Stock: CIEN

Ciena Corp. (CIEN) is up more than 20% on the week, and a company that George Tsilis is keeping a close eye on during the A.I. boom. He talks about how the legacy hardware and software player has gained attention over the last week and what it needs to gather future momentum.

Overlooked Stock: CIEN

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