46.27

1.47% +0.59

CIENA Corp. (CIEN)

Overview News Price History Option Chain Why CIEN Down? Discussions Forecast Stock Split

CIENA Corp. stock is currently priced at $46.27, with a 24-hour trading volume of 136.85K. It has seen a +1.47% increased in the last 24 hours and a -6.40% declined in the past month. The chart indicates a potential bullish trend, as the stock is above the $45.42 pivot point. If it approaches the $46.62 resistance level, significant changes may occur.

Previous Close:

$45.68

Open:

$45.98

24h Volume:

136.85K

Market Cap:

$6.61B

Revenue:

$4.37B

Net Income/Loss:

$228.13M

P/E Ratio:

31.26

EPS:

1.48

Net Cash Flow:

$607.28M

1W Performance:

+6.40%

1M Performance:

-6.40%

6M Performance:

+14.16%

1Y Performance:

+2.79%

1D Range:

$45.72

$46.36

52W Range:

$39.94

$63.24

CIENA Corp. Stock (CIEN) Company Profile

Name

CIENA Corp.

Sector

Technology (771)

Industry

Communication Equipment (64)

Phone

410-694-5700

Address

7035 Ridge Road, Hanover, MD

Employee

5,889

Twitter

@ciena

Next Earnings Date

2024-03-07

Latest SEC Filings

CIEN's Discussions on Twitter

CIENA Corp. Stock (CIEN) Upgrades & Downgrades

Date	Action	Analyst	Rating Change
Jan-12-24	Upgrade	Evercore ISI	In-line → Outperform
Sep-28-23	Initiated	Stifel	Buy
Aug-28-23	Reiterated	Needham	Buy
Mar-29-23	Downgrade	Morgan Stanley	Overweight → Equal-Weight
Mar-28-23	Upgrade	Raymond James	Outperform → Strong Buy
Dec-20-22	Upgrade	JP Morgan	Neutral → Overweight
Oct-11-22	Downgrade	Evercore ISI	Outperform → In-line
Sep-06-22	Downgrade	JP Morgan	Overweight → Neutral
Aug-12-22	Upgrade	Morgan Stanley	Equal-Weight → Overweight
Aug-04-22	Initiated	MKM Partners	Buy
Jun-03-22	Upgrade	B. Riley Securities	Neutral → Buy
Apr-05-22	Initiated	UBS	Neutral
Mar-24-22	Initiated	Rosenblatt	Buy
Feb-14-22	Initiated	Loop Capital	Buy
Dec-10-21	Reiterated	B. Riley Securities	Neutral
Dec-10-21	Reiterated	Barclays	Overweight
Dec-10-21	Reiterated	BofA Securities	Buy
Dec-10-21	Reiterated	Citigroup	Buy
Dec-10-21	Reiterated	JP Morgan	Overweight
Dec-10-21	Reiterated	Jefferies	Buy
Dec-10-21	Reiterated	Morgan Stanley	Equal-Weight
Dec-10-21	Reiterated	Needham	Buy
Jan-21-21	Upgrade	BofA Securities	Neutral → Buy
Nov-18-20	Downgrade	Rosenblatt	Buy → Neutral
Jul-24-20	Initiated	Wolfe Research	Outperform
Jul-21-20	Upgrade	Needham	Hold → Buy
Jun-04-20	Downgrade	Northland Capital	Outperform → Market Perform
May-13-20	Downgrade	B. Riley FBR	Buy → Neutral
Apr-16-20	Downgrade	Morgan Stanley	Overweight → Equal-Weight
Jan-08-20	Upgrade	Morgan Stanley	Equal-Weight → Overweight
Dec-13-19	Reiterated	Dougherty & Company	Buy
Dec-13-19	Upgrade	Piper Jaffray	Neutral → Overweight
Dec-06-19	Downgrade	UBS	Neutral → Sell
Sep-11-19	Initiated	Evercore ISI	Outperform
Aug-29-19	Upgrade	Rosenblatt	Neutral → Buy
Aug-08-19	Initiated	Barclays	Overweight
Apr-15-19	Upgrade	Northland Capital	Market Perform → Outperform
Mar-06-19	Reiterated	B. Riley FBR	Buy
Mar-06-19	Reiterated	Dougherty & Company	Buy
Jan-30-19	Downgrade	BofA/Merrill	Buy → Neutral
Dec-14-18	Reiterated	B. Riley FBR	Buy
Dec-14-18	Reiterated	Dougherty & Company	Buy
Dec-14-18	Downgrade	Loop Capital	Buy → Hold

View All

CIENA Corp. Stock (CIEN) Latest News

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CIENA Corp. Stock (CIEN) Financials Data

CIENA Corp. (CIEN) Revenue 2024

CIEN reported a revenue (TTM) of $4.37 billion for the quarter ending January 31, 2024, a +13.60% rise year-over-year.

CIENA Corp. (CIEN) Net Income 2024

CIEN net income (TTM) was $228.13 million for the quarter ending January 31, 2024, a +24.45% increase year-over-year.

CIENA Corp. (CIEN) Cash Flow 2024

CIEN recorded a free cash flow (TTM) of $607.28 million for the quarter ending January 31, 2024, a +228.11% increase year-over-year.

CIENA Corp. (CIEN) Earnings per Share 2024

CIEN earnings per share (TTM) was $1.54 for the quarter ending January 31, 2024, a +26.23% growth year-over-year.

CIENA Corp. Stock (CIEN) Insider Trading

Insider Trading	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total
SMITH GARY B	President, CEO	Apr 15 '24	Sale	44.80	4,166	186,627	385,109
Rothenstein David M	SVP and Chief Strategy Officer	Apr 15 '24	Sale	45.74	3,500	160,090	224,711
Cumello Joseph	SVP, General Mgr. Blue Planet	Apr 15 '24	Sale	45.74	3,156	144,355	51,171
SMITH GARY B	President, CEO	Apr 01 '24	Sale	49.39	4,166	205,767	389,275
Phipps Jason	SVP Global Sales and Marketing	Apr 01 '24	Sale	49.61	2,792	138,511	100,853
Gage Brodie	SVP Global Products & Supply	Apr 01 '24	Sale	49.61	533	26,442	41,372
DiPerna Dino	SVP Global R&D	Apr 01 '24	Sale	49.61	490	24,309	43,380
SMITH GARY B	President, CEO	Mar 15 '24	Sale	49.84	4,166	207,628	403,176
Rothenstein David M	SVP and Chief Strategy Officer	Mar 15 '24	Sale	50.19	3,500	175,665	230,001
SMITH GARY B	President, CEO	Mar 01 '24	Sale	60.20	8,332	501,601	407,342

Ciena Corporation provides hardware, software, and services that support the transport, switching, aggregation, service delivery, and management of voice, video, and data traffic on communications networks worldwide. The company's Networking Platforms segment offers hardware networking solutions optimized for the convergence of coherent optical transport, optical transport network switching, and packet switching. Its products include 6500 Packet-Optical Platform and the 5430 Reconfigurable Switching System, Waveserver stackable interconnect system, CoreDirector Multiservice Optical Switches, and OTN configuration for the 5410 Reconfigurable Switching System, as well as Z-Series Packet-Optical Platform; 3000 family of service delivery switches and service aggregation switches, and the 5000 family of service aggregation switches, as well as 8700 Packetwave Platform and the Ethernet packet configuration for the 5410 Service Aggregation Switch; and 4200 Advanced Services Platform, 5100/5200 Advanced Services Platform, Common Photonic Layer, and 6100 Multiservice Optical Platform. This segment also sells operating system software and enhanced software features embedded in each of its products. The company's Software and Software-Related Services segment offers network management solutions, including the OneControl Unified Management System, ON-Center Network & Service Management Suite, Ethernet Services Manager, Optical Suite Release, and Planet Operate; and Blue Planet network virtualization, service orchestration, and network management software platform, as well as related installation, support, and consulting services. Its Global Services segment provides consulting and network design, installation and deployment, maintenance support, and training services. The company sells its products through direct and indirect sales channels to network operators. Ciena Corporation was founded in 1992 and is headquartered in Hanover, Maryland.