CIEN - Ciena Corporation

NYSE - NYSE Delayed Price. Currency in USD
55.26
+0.47 (+0.86%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Gain actionable insight from technical analysis on financial instruments, to help optimize your trading strategies
Chart Events
Neutralpattern detected
Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close54.79
Open55.00
Bid55.50 x 800
Ask56.50 x 1200
Day's Range53.81 - 55.30
52 Week Range30.58 - 56.76
Volume2,691,491
Avg. Volume2,270,292
Market Cap8.483B
Beta (5Y Monthly)0.84
PE Ratio (TTM)30.68
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • These Are The 5 Best Stocks To Buy And Watch Now
    Investor's Business Daily

    These Are The 5 Best Stocks To Buy And Watch Now

    Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. So what are the best stocks to buy now or put on a watchlist?

  • 7 5G Stocks to Buy for the Future of Telecom
    InvestorPlace

    7 5G Stocks to Buy for the Future of Telecom

    5G or fifth-generation telecom promises huge changes in the way we interact with technology. For investors, this means it's time to think about 5G stocks.5G will not only be faster, but it will provide more bandwidth. This means that we, and the companies that provide us with data, can provide more data simultaneously.If I can lean on the analogy of water through a hose -- not only will the water move faster through the hose, but the hose will also increase in size. This is going to mean that wireless connections will be as fast, and in some places faster, than the available wireline services.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt will mean technologies like smart cars and everything provided through cloud services will be accessed in near real time, wherever you are. It will also change providers' ability to share content like movies, games or teleconferences. Along the way, the companies facilitating all of this could see enormous upside in their share prices. * 7 Red-Hot Vaccine Stocks Racing to Develop a Coronavirus Cure And the seven 5G stocks looking to the future that I feature below are laying the tracks for the next telecom expansion across the U.S. and the world. * Ciena (NYSE:CIEN) * Intel (NASDAQ:INTC) * Lumentum (NASDAQ:LITE) * American Tower REIT (NYSE:AMT) * Crown Castle International (NYSE:CCI) * Qualcomm (NASDAQ:QCOM) * Texas Instruments (NASDAQ:TXN) 5G Stocks to Buy: Ciena (CIEN)Source: Michael Vi / Shutterstock.com This optical networking firm has been around since 1992. It's been around so long, it's headquartered in quiet Hanover, Maryland, since Silicon Valley was just glimmer in geeks' eyes back then.It was way ahead of its time. It specializes in optical networking equipment. The thing was, back then, fiber optic cable was as scarce as hen's teeth. It was a play on the future of the internet.Before the tech bubble burst, CIEN stock traded as high as $847 a share. But those were the days when brokers were telling clients that growth was the new income and a growth stock wasn't respectable if it didn't have a triple-digit price-earnings ratio.But CIEN made it through, which is testament to its management and its technology. Now, 20 years later, it is one of the leading companies in the vibrant and expanding optical networking space.The stock is up 56% in the past 12 months and 28% year to date. Yet, it still only trades at a P/E of 30. Intel (INTC)Source: JHVEPhoto / Shutterstock.com The computer you're using to read this likely has an Intel chip or two inside it. It's the largest semiconductor company in the world and invented the x86 chip that sits in almost every personal computer. And next month it will celebrate its 51st birthday.Intel has had its struggles remaining at the top of the chip heap. Management didn't get in the mobility sector until it was too late, and missed a huge opportunity in the smartphone world. But it is well-positioned in the internet of things (IOT), and has found opportunities in markets like 5G, AI, memory and networking as well.The competition is tough. CEO Bob Swan is an industry veteran but not a career Intel guy, and he took over in January 2019. Much of his leadership career was operating as a CFO for various large tech firms, so it will be interesting to see if he can keep INTC moving in the right directions. * 7 Cheap Stocks to Buy With Great Potential So far, so good. The stock is up 42% in the past year and 3% year to date. It also delivers a solid 2.1% dividend. And besides INTC itself, the 5G upgrade offers investors the chance to buy potentially the "next Intel" today. Lumentum (LITE)Source: Michael Vi / Shutterstock.com This company is also in the optical networking sector, but it launched just five years ago. And instead of focusing on the optical switching aspects, LITE focuses on the distribution and transmission of fiber optic networks.It also makes a variety of lasers for numerous applications. The lasers are used to build equipment in industries as varied as the automotive sector to mobile phones and semiconductors. And they are used for 3D sensing equipment.Just as cloud computing ultimately needs real hardware to operate, mobile networks need the fastest data transmission possible. And for now, that's fiber optic cables.That means that the greater the global demand for 5G, the more business LITE stands to gain. Also, the more we rely on advanced technologies, the more demand there will be to build more advance devices.The stock is up 72% in the past year and is off 9% year to date. American Tower REIT (AMT)Source: Pavel Kapysh / Shutterstock.com As you well know, mobile signals need mobile transmission towers. AMT is one of the top tower companies in the world, and it's one of the top 5G stocks to buy.It has operations across North America, Latin America, Europe, Africa and Asia. Since towers are property, AMT became a real estate investment trust (REIT), which has tax advantages for the company and the shareholders. All REITs consider shareholders direct owners and distribute net income via a dividend.5G is going to need towers because its antenna are different than previous generations of telecom services. Given the fact that AMT already has more than 180,000 towers around the world, and a solid history as a reliable partner, it's well positioned for the 5G wave.It continues to acquire smaller broadcast companies around the globe, including India and Africa, where mobile telecom is much denser than traditional wireline services. * 25 Stocks to Buy for the Reopening Rally The stock is up 27% in the past year and 12% year to date. It also provides a 1.7% dividend. It's among my top stocks for the worldwide 5G upgrade taking hold now. Crown Castle International (CCI)Source: Casimiro PT / Shutterstock.com This is another tower company, but it has two difference from AMT. First, it focuses its operations on the U.S., where it has over 40,000 towers.Second, it also has a significant small cells business for denser spots like office buildings and stadiums, as well as more than 80,000 miles of fiber optic cable. These are key sectors for 5G stocks because 5G has unique challenges in cities, and venues like stadiums will have growing challenges as events become carried on live streams and guests will be sharing across social media.CCI is also a REIT and is delivering an impressive 3% dividend currently. The stock is up 34% in the past 12 months, and 19% year to date.Owning both AMT and CCI stock captures a significant amount of the potential 5G transmission sector, but both stocks are trading at premiums currently. Qualcomm (QCOM)Source: JHVEPhoto / Shutterstock.com This telecom chipmaker has been around since 1985 and has been a major player in the mobility revolution. Its origins were building out CDMA telecom technology for commercial trucking operations. When mobile phones came out, one of the leading channels used for phones in the U.S. became CDMA.Now, CDMA and GSM run all the phones around the world and most chips can switch from one channel to the other if necessary.QCOM makes more money on licensing its patents than it does on actually shipping chips. That means it doesn't have to build massively expensive chip plants, and focuses on design rather than production.However, Qualcomm has run into antitrust issues. A few years ago it had to pay out massive fines to China and other countries that sued it because of its monopolistic hold on mobile phone infrastructure.But those days are behind it, and it is certainly going to be a major player as 5G starts to roll out globally.The stock is up 20% in the past year and off almost 12% year to date. It has an impressive 3.2% dividend and is trading at a reasonable P/E of 23. Texas Instruments (TXN)Source: Katherine Welles / Shutterstock.com Many people remember TXN as the company that built the coolest calculators around. And the fact is, it continues to make the default calculators for most high school students.But Texas Instruments, which has been around since 1930, is also one of the biggest chipmakers in the world. Nearly 80% of its revenue comes from analog chips and embedded processors. Analog chips convert analog inputs -- like voice -- into digital form for processing. And embedded processors are dedicated systems that provide a function within a larger piece of equipment or system. Think a sound system inside a car.These aren't sexy, but they are everywhere. And TXN can produce high-quality, reliable chips and processors in huge quantities. With everything going digital, that means TXN is in a growth business and is already producing at scale, and making money doing it.Not every aspect of our digital lives has to be built from cutting-edge designs; keeping some things simple makes high-performance equipment easier to maintain and more reliable. And TXN is certainly keeping up with the biggest trends, including 5G, but it is a significant supporting player, not a headliner.The stock is up nearly 14% in the past 12 months, and off 10% year to date. It also offers a durable and generous 3% dividend.Texas Instruments and other hardware makers I've mentioned here today are great examples of 5G stocks that stand to benefit from the 5G revolution.And I see even better potential with the companies that are making this massive infrastructure upgrade possible in the first place! The 5G Buildout Is an Incredible Opportunity for Investors Right NowWithin two years, most cell phones will be 5G enabled and be able to wirelessly handle television streaming. With 5G, we'll have cable modem speeds on any device; no need to plug in. That's a big deal for rural areas … the very same areas that are also key to President Donald Trump's reelection. So, by pushing 5G over the goal line, Trump will deliver a big win for his base -- and strike a blow against Chinese rivals like Huawei Technologies.But, in the big picture, 5G is about much more than trade wars and faster downloads. Because 5G is 100 times faster than 4G, it'll allow your internet devices to work in real time. That advancement is a game changer for tech companies.With the 5G infrastructure market set to grow at an annual rate of 67% over the next 10 years, the entire market will go from $780 million to nearly $48 billion. This buildout is where I see opportunity with 5G stocks now.Cable companies can do their best to fight back with fiber optics … but they can't compete with the convenience of a smartphone, once it's got ultra-fast 5G. That's how my 5G infrastructure play will capture more market share from the broadband cable companies.The stock I'm targeting is enjoying an influx of big money on Wall Street, and it has strong fundamentals, too -- making it an A-rated "Strong Buy" in my Portfolio Grader system.Click here to watch my new, free briefing on this extraordinary technology and the opportunity with 5G stocks.When you do, you'll see how to claim a free copy of my investment report, The King of 5G "Turbo Button" Technology, which has full details on this company -- and what makes it such a great buy now.Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system -- with returns rivaling even Warren Buffett. In his latest feat, Louis discovered the "Master Key" to profiting from the biggest tech revolution of this (or any) generation. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * The Huge Story for 2020 & Beyond That You Aren't Hearing About * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * The 1 Stock All Retirees Must Own The post 7 5G Stocks to Buy for the Future of Telecom appeared first on InvestorPlace.

  • Ciena (NYSE:CIEN) Has A Rock Solid Balance Sheet
    Simply Wall St.

    Ciena (NYSE:CIEN) Has A Rock Solid Balance Sheet

    David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

  • Investopedia

    3 Tech Stocks Flying Under the Radar

    A basket of under-the-radar tech stocks are hitting new highs in the second quarter, offering profits for observant traders and investors. Stay-at-home orders have underpinned many of these rallies, making us more dependent on digital communications, recreation, and everyday business activities that include cyber-conferencing, document sharing, and virtual human resource management.

  • Ciena to Power Telefonica UK Network Automation Capabilities
    Zacks

    Ciena to Power Telefonica UK Network Automation Capabilities

    Ciena's (CIEN) technology will enable the U.K. carrier to augment network automation capabilities and gain greater control over its operations while reducing costs and improving reliability quotient.

  • Ciena Teams With Deutsche Telekom Arm for Fiber Connectivity
    Zacks

    Ciena Teams With Deutsche Telekom Arm for Fiber Connectivity

    Ciena (CIEN) gets selected by the wholesale arm of Deutsche Telekom for the deployment of its WaveLogic 5 Extreme network across Europe for advanced connectivity solutions.

  • Barrons.com

    5G Is Still Coming Despite Covid-19. These Are the Stocks Set to Benefit First.

    Investors should temper their expectations about the next wave of wireless service. Here are the stocks that are likely to benefit first.

  • Is Ciena (CIEN) Stock Outpacing Its Computer and Technology Peers This Year?
    Zacks

    Is Ciena (CIEN) Stock Outpacing Its Computer and Technology Peers This Year?

    Is (CIEN) Outperforming Other Computer and Technology Stocks This Year?

  • 1-800-FLOWERS, Columbia Sportswear, Sony, Ciena and Cisco as Zacks Bull and Bear of the Day
    Zacks

    1-800-FLOWERS, Columbia Sportswear, Sony, Ciena and Cisco as Zacks Bull and Bear of the Day

    1-800-FLOWERS, Columbia Sportswear, Sony, Ciena and Cisco as Zacks Bull and Bear of the Day

  • Ciena Boosts US Fiber Connectivity With Telia Carrier Tie-Up
    Zacks

    Ciena Boosts US Fiber Connectivity With Telia Carrier Tie-Up

    Ciena (CIEN) gets selected by Sweden-based Telia Carrier for deployment of the former's C&L-Band photonic line system in the United States for advanced connectivity solutions.

  • Is Ciena Corporation's (NYSE:CIEN) Latest Stock Performance Being Led By Its Strong Fundamentals?
    Simply Wall St.

    Is Ciena Corporation's (NYSE:CIEN) Latest Stock Performance Being Led By Its Strong Fundamentals?

    Ciena's (NYSE:CIEN) stock up by 8.8% over the past three months. Given that the market rewards strong financials in...

  • Is Ciena (CIEN) Outperforming Other Computer and Technology Stocks This Year?
    Zacks

    Is Ciena (CIEN) Outperforming Other Computer and Technology Stocks This Year?

    Is (CIEN) Outperforming Other Computer and Technology Stocks This Year?

  • Ciena adds M&A veteran to its C-suite
    American City Business Journals

    Ciena adds M&A veteran to its C-suite

    Ciena Corp. has expanded its C-suite with a new executive to oversee corporate strategy, including mergers and acquisitions. The Hanover-based networking systems and software company named Mary Yang as senior vice president and chief strategy officer. Yang, previously vice president of business and corporate development at Chinese electric car maker NIO, will report to CEO Gary Smith.

  • MoneyShow

    Balance Sheet Buys- 4 Favorite Small Caps

    Coronavirus and widespread expectations of recession have put corporate balance sheets under the microscope, notes Richard Moroney, editor of the specialized small cap advisory service, Upside Stocks.

  • A Rising Share Price Has Us Looking Closely At Ciena Corporation's (NYSE:CIEN) P/E Ratio
    Simply Wall St.

    A Rising Share Price Has Us Looking Closely At Ciena Corporation's (NYSE:CIEN) P/E Ratio

    Ciena (NYSE:CIEN) shareholders are no doubt pleased to see that the share price has had a great month, posting a 31...

  • How's the Internet Doing? Depends Where You Look
    Bloomberg

    How's the Internet Doing? Depends Where You Look

    (Bloomberg Opinion) -- As Americans stay home to thwart the invisible threat of a virus lurking beyond their windows, they’ve become even more dependent upon something else they cannot see or feel: the internet. U.S. data networks — an intricate system of cables and towers and signals weaving throughout our country — are being put to the ultimate test in a nationwide work-from-home experiment that hinges entirely on these networks’ health and adaptability.As residents shelter in place to stop the spread of the coronavirus, the surge in demand that internet providers would expect to see gradually over the course of an entire year has instead hit in a matter of weeks. That’s because of all the work-from-home applications, calls and texts to check in with loved ones, Netflix binge-watching and virtual exercise classes and doctor’s visits. AT&T Inc. reported that traffic on its core network was up 23% on Sunday, April 5, from a comparable day in February. Comcast Corp. said its peak traffic jumped more than 30% in March, and in some larger metropolitan areas, such as Chicago and San Francisco, it climbed as much as 60%. While streaming-video consumption is on the rise, data usage for gaming has more than doubled, according to Verizon Communications Inc.It raises the question, how are these crucial networks faring, and will they be able to keep handling this kind of a load? The answer is complicated and even more so the longer the pandemic persists. But so far — as anyone fortunate enough to be able to work remotely and stream Netflix can attest — things seem to be going OK.“These networks are holding up pretty well to the onslaught of traffic demand that they've been subject to,” Steve Alexander, chief technology officer at Ciena Corp., said during a virtual Zoom interview on Monday — our very own test of the internet’s capabilities during the new peak hours. (Ciena provides the underlying software and equipment used by network operators.)Still, there’s no one official source for tracking the state of America’s digital connectivity. Ajit Pai, chairman of the Federal Communications Commission, released a statement last week summarizing the upbeat feedback he’s received from internet providers. “It appears,” he said, that networks are performing fine, relying on the data disclosed by those companies. There are handy third-party sources such as Ookla and BroadbandNow; however, the different methodologies make it difficult to get a good read. For example, Ookla has shown a barely perceptible decline in average fixed broadband download speeds in the U.S. But BroadbandNow has found that 88 of the top 200 cities have had “some degree of network degradation,” with 27 cities experiencing more significant declines.Part of the problem is that nationwide averages aren’t practical when internet infrastructure and reliability can vary immensely from one state or county to the next. Millions of Americans in rural towns still don’t have access to minimum download speeds of 25 megabits per second, as I noted last month. And even that probably isn’t sufficient for households using multiple devices simultaneously for data-intensive tasks such as watching Hulu and joining a work-video conference. Netflix and its ilk reduced picture quality in Europe to ease network congestion, but the U.S. hasn’t needed to resort to such actions.Another issue is that connections tend to be measured in terms of download speeds, while upload speeds are much slower and are needed for things like video calls. That’s why it’s important to look at latency, the amount of time it takes a signal to travel, which can explain annoying buffering on streaming apps and lags in a FaceTime connection.The unprecedented demand “is putting real stress on our networks, and with so much of modern life now dependent on these connections it is fair to ask how providers are managing this new demand,” FCC Commissioner Jessica Rosenworcel said in a statement responding to questions sent to her office. “Getting a few reports using different methods from a handful of companies is useful, but it’s not enough.” Rosenworcel has called for the FCC to issue daily updates on network status, just as it would during a hurricane or mass power outage, events that activate its Disaster Information Reporting System.The FCC has at least gotten internet providers such as AT&T, Comcast and Verizon to sign onto its Keep Americans Connected Pledge, agreeing for 60 days not to terminate customers’ service if they’re unable to pay their bills. An emerging challenge could be the safety of employees who are essential to keeping these networks up and running. Like hospital and supermarket staff, their work hasn’t stopped. As Ciena’s Alexander put it: “The network is there, kind of like air — it just works, until all of a sudden there’s an issue and you notice it.” For now, all we can really go by is the industry’s word. But you’ll know when there’s a problem. This column does not necessarily reflect the opinion of Bloomberg LP and its owners.Tara Lachapelle is a Bloomberg Opinion columnist covering the business of entertainment and telecommunications, as well as broader deals. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Stock Upgrades: Ciena Shows Rising Relative Strength
    Investor's Business Daily

    Stock Upgrades: Ciena Shows Rising Relative Strength

    On Tuesday, Ciena hit a key technical benchmark, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 94, up from 90 the day before. As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength. IBD's proprietary rating identifies share price action with a 1 (worst) to 99 (best) score.

  • Amazon, Vertex Lead 5 Top Stocks Entering Buy Zones
    Investor's Business Daily

    Amazon, Vertex Lead 5 Top Stocks Entering Buy Zones

    Amid a strong stock market rally, Vertex Pharmaceuticals, Amazon.com, Microsoft, Seattle Genetics and Ciena all moved into buy zones Monday.

  • Ciena (CIEN) Down 5.9% Since Last Earnings Report: Can It Rebound?
    Zacks

    Ciena (CIEN) Down 5.9% Since Last 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.

  • How Greater Baltimore stocks fared during a tumultuous first quarter
    American City Business Journals

    How Greater Baltimore stocks fared during a tumultuous first quarter

    One public company based in Greater Baltimore raised its stock price during a tumultuous first quarter for the financial markets. Baltimore-based Legg Mason Inc. saw its stock price increase 35% to $48.

  • Ciena (CIEN) Upgraded to Buy: Here's Why
    Zacks

    Ciena (CIEN) Upgraded to Buy: Here's Why

    Ciena (CIEN) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

  • Ciena (NYSE:CIEN) Shareholders Have Enjoyed An Impressive 104% Share Price Gain
    Simply Wall St.

    Ciena (NYSE:CIEN) Shareholders Have Enjoyed An Impressive 104% Share Price Gain

    The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put...

  • Thomson Reuters StreetEvents

    Edited Transcript of CIEN earnings conference call or presentation 5-Mar-20 1:30pm GMT

    Q1 2020 Ciena Corp Earnings Call

  • Hedge Funds Were Buying Ciena Corporation (CIEN) Before The Coronavirus
    Insider Monkey

    Hedge Funds Were Buying Ciena Corporation (CIEN) Before The Coronavirus

    We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]