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Ciena Corporation (CIEN)

NYSE - NYSE Delayed Price. Currency in USD
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49.55+0.68 (+1.39%)
At close: 4:00PM EST
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Slow Stochastic

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Previous Close48.87
Open49.21
Bid0.00 x 900
Ask0.00 x 1200
Day's Range47.52 - 50.20
52 Week Range30.58 - 61.52
Volume2,513,438
Avg. Volume1,729,095
Market Cap7.688B
Beta (5Y Monthly)0.80
PE Ratio (TTM)21.84
EPS (TTM)2.27
Earnings DateJun 02, 2021 - Jun 07, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est58.41
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
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-6% Est. Return
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  • Price Over Earnings Overview: Ciena
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    Price Over Earnings Overview: Ciena

    Looking into the current session, Ciena Inc. (NYSE:CIEN) is trading at $48.85, after a 0.1% drop. Over the past month, the stock fell by 11.71%, but over the past year, it actually went up by 26.16%. With questionable short-term performance like this, and great long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio. Assuming that all other factors are held constant, this could present itself as an opportunity for shareholders trying to capitalize on the higher share price. The stock is currently below from its 52 week high by 20.59%. The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E indicates that shareholders do not expect the stock to perform better in the future, and that the company is probably undervalued. It shows that shareholders are less than willing to pay a high share price, because they do not expect the company to exhibit growth, in terms of future earnings. View more earnings on CIEN Most often, an industry will prevail in a particular phase of a business cycle, than other industries. Compared to the aggregate P/E ratio of the 49.9 in the Communications Equipment industry, Ciena Inc. has a lower P/E ratio of 21.06. Shareholders might be inclined to think that the stock might perform worse than its industry peers. It's also possible that the stock is undervalued. Price to earnings ratio is not always a great indicator of the company's performance. Depending on the earnings makeup of a company, investors can become unable to attain key insights from trailing earnings. See more from BenzingaClick here for options trades from BenzingaCiena: Q1 Earnings InsightsEarnings Scheduled For March 4, 2021© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Ciena (CIEN) Beats on Q1 Earnings Despite Revenue Contraction
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    Ciena (CIEN) Beats on Q1 Earnings Despite Revenue Contraction

    Despite soft revenues owing to the virus outbreak, Ciena (CIEN) beats first-quarter fiscal 2021 earnings estimates.