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Ciena Corporation (CIEN)

NYSE - NYSE Delayed Price. Currency in USD
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21.11-0.46 (-2.13%)
At close: 3:59PM EDT

21.20 +0.09 (0.43%)
After hours: 5:36PM EDT

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Previous Close21.57
Bid21.10 x 11700
Ask21.11 x 8100
Day's Range20.86 - 21.49
52 Week Range18.94 - 27.98
Avg. Volume3,121,001
Market Cap3.01B
PE Ratio (TTM)27.89
Earnings DateN/A
Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
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  • Barrons.com14 hours ago

    Ciena: Seeking to Stem the Volatility, Says Needham

    Shares of fiber-optic networking giant Ciena (CIEN) are down 30 cents, or 1%, at $21.27, after Needham & Co.’s Alex Henderson this morning reiterated a Buy rating on the shares, but cut his price target to $28 from $31, even though he sees competition in decline. Henderson’s reason for cutting his target is strictly the company’s lower-than-expected outlook on August 31st. Ciena’s CEO, Gary Smith, Henderson suggests, has been somewhat frustrated with Street estimates.

  • Barrons.com19 hours ago

    [$$] Ciena Has 'Plenty of Room' for Multiple-Expansion

    Ciena (CIEN:NYSE) By MKM Partners ($21.38, Sept. 22, 2017) We are reducing our fiscal 2018 revenue forecast on Ciena to $2.92 billion, or up 4.5% year-over-year from $2.97 billion, or up 6.9% year-over-year. The overall Optical systems market is growing 2%-3% and Ciena (CIEN) should be able to continue to gain share and grow a couple of points faster than the market. Ciena is an excellent company that has tended to give guidance on the more aggressive side.

  • Barrons.com7 days ago

    Acacia Can Ride the Rise of Silicon Photonics, Says MKM

    MKM Partners networking analyst Michael Genovese this afternoon initiated coverage of fiber-optic component supplier Acacia Communications (ACIA) with a Buy rating, and a $64 price target, writing that it is the "only optical components name we would recommend to long-term investors with a 3+ yr time horizon." Acacia is poised, he believes, to replace the “digital signal processor,” or DSP, that various networking vendors develop “in house” for their equipment. "In our view, Ciena is the only in-house DSP maker that can challenge Acacia for technological leadership over the long term,” writes Genovese, referring to fiber-optic networking giant Ciena (CIEN).