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 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
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
133% more first-time investments, than exits
New positions opened: 119 | Existing positions closed: 51
57% more funds holding in top 10
Funds holding in top 10: 7 [Q3] → 11 (+4) [Q4]
38% more call options, than puts
Call options by funds: $204M | Put options by funds: $148M
35% more capital invested
Capital invested by funds: $8.81B [Q3] → $11.9B (+$3.06B) [Q4]
12% more funds holding
Funds holding: 459 [Q3] → 514 (+55) [Q4]
0.41% less ownership
Funds ownership: 98.95% [Q3] → 98.54% (-0.41%) [Q4]
2% less repeat investments, than reductions
Existing positions increased: 164 | Existing positions reduced: 168
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
JP Morgan Samik Chatterjee 62% 1-year accuracy 41 / 66 met price target | 5%upside $88 | Overweight Upgraded | 28 Jan 2025 |
Needham Ryan Koontz 64% 1-year accuracy 69 / 107 met price target | 13%upside $95 | Buy Reiterated | 10 Jan 2025 |
Citigroup Jim Suva 50% 1-year accuracy 2 / 4 met price target | 17%upside $98 | Buy Maintained | 13 Dec 2024 |
Barclays Tim Long 55% 1-year accuracy 31 / 56 met price target | 15%upside $97 | Overweight Maintained | 13 Dec 2024 |
Rosenblatt Mike Genovese 76% 1-year accuracy 29 / 38 met price target | 12%upside $94 | Neutral Maintained | 13 Dec 2024 |
Financial journalist opinion
Based on 7 articles about CIEN published over the past 30 days
