CIEN - Ciena Corporation

NYSE - NYSE Delayed price. Currency in USD
25.18
+0.07 (+0.28%)
At close: 4:02PM EDT
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Previous close25.11
Open24.95
Bid22.80 x 4000
Ask25.59 x 3100
Day's range24.79 - 25.29
52-week range19.40 - 27.73
Volume2,567,689
Avg. volume3,158,589
Market cap3.596B
Beta1.11
PE ratio (TTM)5.45
EPS (TTM)4.62
Earnings date29 Aug 2018 - 4 Sep 2018
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est29.81
Trade prices are not sourced from all markets
  • Why the Market Has Ciena All Wrong
    Motley Fool6 days ago

    Why the Market Has Ciena All Wrong

    The market is myopically focused on near-term margin, but Ciena's long-term competitive position remains strong.

  • GlobeNewswire8 days ago

    Detailed Research: Economic Perspectives on Amphenol, Hologic, Newell Brands, Ciena, SAExploration, and Puma Biotechnology — What Drives Growth in Today's Competitive Landscape

    NEW YORK, June 12, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Amphenol ...

  • Ciena to Acquire Packet Design to Boost Software Strategy
    Zacks15 days ago

    Ciena to Acquire Packet Design to Boost Software Strategy

    Ciena's (CIEN) Packet Design buyout is expected to contribute toward the company's long-term goal of growing its Blue Planet and associated services business.

  • Ciena's (CIEN) Q2 Earnings Miss Estimates, Revenues Beat
    Zacks19 days ago

    Ciena's (CIEN) Q2 Earnings Miss Estimates, Revenues Beat

    Ciena (CIEN) recorded top-line growth in second quarter fiscal 2018 driven by growth in Asia Pacific service providers as well as global webscale customers.

  • Ciena Earnings Miss Views; New International Orders Hit Margins
    Investor's Business Daily20 days ago

    Ciena Earnings Miss Views; New International Orders Hit Margins

    Ciena missed fiscal second-quarter earnings views while revenue edged consensus. Shares in the maker of optical communications systems fell sharply Thursday.

  • Barrons.com20 days ago

    Ciena CEO Smith Not Sweating the Lower Margins

    Earlier today I had a chance to talk with the chief executive of fiber-optic technology vendor Ciena (CIEN), Gary Smith, by phone, following the company’s report this morning of fiscal Q2 results that have pushed the stock down by $1, or 4%, to $23.06. While revenue topped analysts’ expectations, profit per share came in lower than expected, as gross profit margin declined.

  • Barrons.com20 days ago

    Tech Today: Micron's 'Storm Clouds,' Tech Data Soars, Uber IPO in '19

    Here are some things going on today in the world of tech: Shares of memory-chip maker Micron Technology (MU) are down $3.52, or almost 6%, at $59.05, after Morgan Stanley’s Joseph Moore this morning cut his rating on the shares to Equal Weight from Overweight, warning of "storm clouds on the horizon" for the company. Shares of fiber-optic networking equipment firm Ciena (CIEN) are down 6 cents at $24, after the company this morning reported $730 million in revenue for its fiscal Q2 ended in April, beating the average $726 million but missing on the bottom line, delivering 23 cents a share, below the average 30-cent estimate. In early analysis this morning, Alex Henderson with Needham & Co., who is bullish on the stock, writes that the company’s gross profit margins were lower because the company shipped more of the “chassis” of its systems, which have lower margins than "line cards” that get sold later on to add capability to the chassis.

  • MarketWatch20 days ago

    Ciena's stock swings higher after upbeat revenue growth guidance on post-earnings conference call

    Shares of Ciena Corp. swung higher in premarket trade Thursday, as upbeat revenue growth guidance on the post-earnings conference call offset an earnings miss. The stock sank as much as 9.6% ahead of the open soon after fiscal second-quarter results were reported at 7:00 a.m. ET, then started climbing sharply after the conference call with analysts started at 8:30 a.m., and was last up 1.5%. Chief Financial Officer James Moylan said on the call fiscal 2018 revenue growth was expected to be 7% to 9% over a year ago, according to a transcript provided by FactSet.

  • MarketWatch20 days ago

    Ciena's stock plunges after profit misses expectations as gross margin dropped

    Ciena Corp.'s stock plunged 8.2% toward a 3 1/2-month low in premarket trade Thursday, after the optical networking company missed fiscal second-quarter profit expectations, although sales beat. Net income ...

  • Associated Press20 days ago

    Ciena: Fiscal 2Q Earnings Snapshot

    On a per-share basis, the Hanover, Maryland-based company said it had net income of 9 cents. Earnings, adjusted for one-time gains and costs, came to 23 cents per share. The results fell short of Wall ...

  • Can Higher Networking Revenues Aid Ciena (CIEN) Q2 Earnings?
    Zacks23 days ago

    Can Higher Networking Revenues Aid Ciena (CIEN) Q2 Earnings?

    Higher consolidated revenues, backed by solid growth dynamics, are likely to bolster Ciena's (CIEN) earnings in the fiscal second quarter.

  • GlobeNewswirelast month

    INAP Transforms Its Global Network Through Ciena Collaboration

    INAP will integrate an express high-capacity backbone between three core data centers in New York, Dallas, and San Jose. INAP will launch Metro Ethernet services for increased connectivity and performance ...

  • Dow Jones Futures Rise On Trump China Tweets; These Tech Stocks Soar
    Investor's Business Dailylast month

    Dow Jones Futures Rise On Trump China Tweets; These Tech Stocks Soar

    Stock futures rose Monday morning. President Trump said he wants to help China's ZTE "get back into business," good news for U.S. optical stocks. He also said U.S.-China trade talks "will all work out."

  • Infinera Stock Plunges On Pricing Pressure Worries, Ciena Falls Too
    Investor's Business Dailylast month

    Infinera Stock Plunges On Pricing Pressure Worries, Ciena Falls Too

    Infinera plunged on Thursday, reversing from gains after it reported first-quarter earnings, after the company's conference call with analysts raised worries over pricing pressure and spending by a key customer.

  • Barrons.com2 months ago

    Lumentum et al. Plunge on DoJ Huawei Probe; Ciena's Gain?

    Optical-technology stocks are having a second really bad week after the U.S. Department of Justice opened a criminal investigation into China’s privately held Huawei, which buys parts from the optical companies. While the component maker shares crashed, some analysts see potential benefit for the two optical-systems makers that compete most closely with Huawei, Ciena (CIEN) and Infinera (INFN). The Wall Street Journal’s Stu Woo and Aruna Viswanatha relate that multiple unnamed sources say the DoJ is “investigating whether Huawei Technologies Co. violated U.S. sanctions related to Iran.” This is just the latest action against Iran, which has long been blocked from selling telecom equipment to U.S. carriers by the U.S. government.

  • Ciena Might Gain From U.S. Sales Ban On Chinese Gear Maker ZTE
    Investor's Business Daily2 months ago

    Ciena Might Gain From U.S. Sales Ban On Chinese Gear Maker ZTE

    There could be upside for Ciena from the U.S. Commerce Department's decision to ban domestic firms from selling components to Chinese telecom gear maker ZTE, two analysts say.

  • Zacks2 months ago

    Market Jumps as Earnings Take Center Stage

    Market Jumps as Earnings Take Center Stage

  • Finisar Corporation (FNSR) Surges: Stock Moves 6.3% Higher
    Zacks2 months ago

    Finisar Corporation (FNSR) Surges: Stock Moves 6.3% Higher

    Finisar Corporation (FNSR) was a big mover last session, as the company saw its shares rise more than 6% on the day amid huge volumes.

  • Ciena (CIEN) Down 3.7% Since Earnings Report: Can It Rebound?
    Zacks2 months ago

    Ciena (CIEN) Down 3.7% Since Earnings Report: Can It Rebound?

    Ciena (CIEN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Why Finisar (FNSR) Could Be Positioned for a Slump
    Zacks3 months ago

    Why Finisar (FNSR) Could Be Positioned for a Slump

    Finisar (FNSR) has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions as well.

  • Can Ciena Corporation (CIEN) Run Higher on Strong Earnings Estimate Revisions?
    Zacks3 months ago

    Can Ciena Corporation (CIEN) Run Higher on Strong Earnings Estimate Revisions?

    Ciena Corporation (CIEN) could be an interesting play for investors as it is seeing solid activity on the earnings estimate revision, along with decent short-term momentum.

  • Barrons.com3 months ago

    Ciena's CFO on Cloud Computing, Corporate Cash, and Credit Lines

    The other day I had lunch with Ciena (CIEN) chief financial officer Jim  Moylan. Over a nice tuna niçoise, we discussed cloud computing, telcos and the outlook for Ciena’s chip business. For example, on the matter of cash balances, when I asked how much net cash Ciena should maintain — some companies such as Apple (AAPL) have promised to reduce it to zero, or almost zero — Moylan declined to list a figure or a percentage.

  • Moving Average Crossover Alert: Ciena (CIEN)
    Zacks3 months ago

    Moving Average Crossover Alert: Ciena (CIEN)

    Are you a technical investor? If so, it may be time to consider Ciena Corporation (CIEN) for your portfolio

  • 3 Takeaways from Ciena's Strong Earnings Report
    Motley Fool3 months ago

    3 Takeaways from Ciena's Strong Earnings Report

    Ciena continues to post positive numbers in an otherwise challenging industry.