CIEN - Ciena Corporation

NYSE - Nasdaq Real Time Price. Currency in USD
39.95
+0.24 (+0.60%)
As of 2:56PM EST. Market open.
Stock chart is not supported by your current browser
Previous Close39.71
Open39.97
Bid39.92 x 800
Ask39.93 x 1200
Day's Range39.73 - 40.09
52 Week Range22.94 - 40.16
Volume884,112
Avg. Volume2,937,206
Market Cap6.246B
Beta (3Y Monthly)0.12
PE Ratio (TTM)N/A
EPS (TTM)-2.49
Earnings DateMar 5, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est38.24
Trade prices are not sourced from all markets
  • 5 Best 5G Stocks to Buy As the Trend Heats Up
    InvestorPlaceyesterday

    5 Best 5G Stocks to Buy As the Trend Heats Up

    Just as IoT (Internet of Things) became a buzzword for many years before it started taking off, the same is happening with 5G. 5G is the next-generation standard for wireless communications. It promises to give wireless devices, especially the mainstream smartphone, lower latency and faster speeds. And because such uses as video streaming and IoT in automotive and appliances benefit from a faster backend network, investors will not want to miss out on the 5G revolution.The 5G upgrade is being driven by big U.S. telecom firms that are getting ready to test 5G sometime in the middle of this year. So as the upgrade cycle unfolds, investors will want to buy network suppliers offering 5G equipment.Before hopping on the 5G investment play, be wary on one outlier: Huawei. The U.S., along with other G7 countries, are blocking the company from selling telecom equipment. If this happens, other networking suppliers will win more business deals. But if Huawei somehow appeases the U.S. and is allowed to sell its 5G equipment, then that may raise the competitive pressures for all players in this space.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The 10 Best ETFs You Can Buy With all of that in mind, here are five of the best 5G stocks to invest in now.Source: Shutterstock Cisco Systems (CSCO)Cisco Systems (NASDAQ:CSCO) may offset its slowing Security business if it wins 5G networking supply deals. It sells connections and network that protect connections worldwide. Cisco 5G Power x is a cloud-to-client approach to 5G. The solution delivers an open, hyper-programmable architecture (according to the information posted on its website). Any combination of cellular, Wi-Fi and IP access is supported.Cisco stock trades at just below 20 times forward earnings and earnings are expected to grow by nearly 10% for the next five years. This pace could be even higher as the rate of 5G orders increases this year.Source: Shutterstock Nokia (NOK)Nokia Corporation (NYSE: NOK) is trading in an uptrend that began in August 2018, and for good reason. Huawei's troubles could give Nokia's Alcatel-Lucent unit a positive lift as it wins 5G networking upgrades this year. In the fourth-quarter report released on Jan. 31, Nokia reported revenue growing 3.3% year-over-year. Looking forward, CEO Rajeev Suri said that he expects Nokia's performance to strengthen in 2019 over 2018. The meaningful shift to 5G will drive this business upswing. Longer-term growth will come from optical, macro radio, fixed wireless access and even software. But 5G will help these areas, through the second wave of upgrades of private wireless technology. This includes LTE and 5G-ready networks.Nokia is in a leadership position as 5G commercialization unfolds. The company is confident that it will dominate in the Americas, as well as in Europe, Middle East & Africa and Asia-Pacific. * The 10 Best ETFs You Can Buy Nokia stock trades at 14 times forward earnings. At the Mobile World Congress 2019 event on Feb. 25 - 28, Nokia may give more details on its success in the 5G rollout.Source: Shutterstock Ciena Corporation (CIEN)Trading near yearly highs, Ciena Corporation (NYSE:CIEN) will probably continue posting impressive quarterly results. In the Q4 report posted on Dec. 13, 2018, Ciena's earnings grew from 46 cents to 53 cents a share. With its next report on Mar. 5, before market open, chances are good that the company will report another earnings beat. The market is valuing the stock at just 17.4 times forward earnings.Looking beyond the current quarter, the strong demand for 5G will drive fiber densification into the access network. This creates a great opportunity for Ciena to help as new platforms get created. The new set of capabilities include integrating coherent optics into these platforms. This is Ciena's core market strength. 5G is not a direct driver for Ciena, but the bandwidth and user experience needs in the back-end are. So, expect revenue growth in this segment to do very well for 2019.Source: Shutterstock AT&T (T)AT&T (NYSE:T) introduced the first standards based on the mobile 5G network in 12 cities very recently. It is ahead of schedule in deploying the network. On the backend, fiber deployment, which is foundational to its 5G network, now reaches 11 million customer locations. This is on top of 8 million business locations.AT&T's leadership in 5G gives the telecom giant an edge over other carriers as it offers network improvements that include better speeds for its customers. As the rollout for 5G reaches critical mass, investors in AT&T stock will look forward to sustained revenue growth, strong cash flow and a dividend yield that is close to 7%. * 7 Reasons to Own Coca-Cola Stock Investors might worry over the cost of building a nationwide 5G network. Competitors are offering the same, but AT&T benefits from a wider bandwidth and higher revenue per user. This happens as customers upgrade to a better, faster service offering.Source: David Via Flickr Juniper Networks (JNPR)Juniper Networks (NYSE:JNPR) shares dipped slightly after the company reported light fourth-quarter results. Still, the business model pressure will be offset with the MX 5G product refresh. Management believes MX 5G will add meaningfully to revenue in the second half of this year. The routing business will strengthen, thanks to the 5G investment cycle. Should Juniper grow its market share, the firm may cross-sell its secure infrastructure solution -- firewall technology -- further adding to its revenues in the years ahead.For 2019, the carrier 5G deployment will help lift revenue. Juniper also believes the 400G upgrade cycle and the enterprise multi-cloud initiative will be a positive tailwind for the company over the next few years.As of this writing, Chris Lau held shares of Nokia Corporation. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 U.S. Stocks That Are Coming to Life Again * The 7 Best Video Game Stocks to Power Up Your Portfolio! * 5 Tips to Become a Better Stock Trader Compare Brokers The post 5 Best 5G Stocks to Buy As the Trend Heats Up appeared first on InvestorPlace.

  • Business Wireyesterday

    Ciena Selected by Conterra Networks to Support Network Growth

    Ciena announced that Conterra Ultra Broadband Holdings, Inc. , a leader in customer-centric, fiber-optic telecommunications network services, is expanding its deployment of Ciena’s packet-optical and intelligent software platforms.

  • Synopsys (SNPS) Q1 Earnings: What's in Store for the Stock?
    Zacksyesterday

    Synopsys (SNPS) Q1 Earnings: What's in Store for the Stock?

    Synopsys' (SNPS) first-quarter fiscal 2019 results are likely to benefit from steady growth in EDA solutions.

  • The Zacks Analyst Blog Highlights: NVIDIA, Ameren, GTT and Ciena
    Zacks3 days ago

    The Zacks Analyst Blog Highlights: NVIDIA, Ameren, GTT and Ciena

    The Zacks Analyst Blog Highlights: NVIDIA, Ameren, GTT and Ciena

  • Business Wire2 days ago

    Ciena Announces Reporting Date and Web Broadcast for Fiscal First Quarter 2019 Financial Results

    Ciena® Corporation (CIEN) expects to announce financial results for its fiscal first quarter ended February 2, 2019 on Tuesday, March 5, 2019 at approximately 7:00 a.m. Eastern. The press release will be available on Ciena’s website at www.ciena.com. In conjunction with the announcement, Ciena will post an additional set of supporting materials to the Quarterly Results page of the Investor Relations section of its website.

  • Business Wire3 days ago

    Ciena Announces Internet Availability of 2019 Annual Meeting Proxy Materials

    Ciena® Corporation , a networking systems, services and software company, announced today that proxy materials are now available for its 2019 Annual Meeting of Stockholders to be held Thursday, March 28, 2019 at 3:00 p.m.

  • Will Lower Revenues Hurt Cincinnati Bell (CBB) Q4 Earnings?
    Zacks3 days ago

    Will Lower Revenues Hurt Cincinnati Bell (CBB) Q4 Earnings?

    For the fourth quarter, Cincinnati Bell (CBB) is likely to report lower consolidated revenues on a year-over-year basis due to competitive pressure.

  • NVIDIA (NVDA) Q4 Earnings: What's in Store for the Stock?
    Zacks4 days ago

    NVIDIA (NVDA) Q4 Earnings: What's in Store for the Stock?

    NVIDIA's (NVDA) fourth-quarter fiscal 2019 results are likely to be hit by weaknesses plaguing the semiconductor market of late.

  • Generac (GNRC) to Report Q4 Earnings: What's in the Cards?
    Zacks4 days ago

    Generac (GNRC) to Report Q4 Earnings: What's in the Cards?

    Generac's (GNRC) fourth-quarter 2018 results are expected to benefit from strong demand for generators, due to increased power outages.

  • What's in the Offing for TripAdvisor's (TRIP) Q4 Earnings?
    Zacks4 days ago

    What's in the Offing for TripAdvisor's (TRIP) Q4 Earnings?

    TripAdvisor's (TRIP) fourth-quarter results are likely to benefit from well-performing non-hotel segment, growing mobile initiatives and expanding food delivery offerings.

  • Can Top-Line Improvement Buoy Arista (ANET) Q4 Earnings?
    Zacks4 days ago

    Can Top-Line Improvement Buoy Arista (ANET) Q4 Earnings?

    For the fourth quarter, Arista Networks (ANET) is likely to report higher consolidated revenues on a year-over-year basis driven by healthy growth dynamics.

  • Markit7 days ago

    See what the IHS Markit Score report has to say about Ciena Corp.

    Ciena Corp NYSE:CIENView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for CIEN with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting CIEN. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding CIEN totaled $2.98 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • Q4 Earnings: Veeva, Splunk, Ciena Among 17 Stocks Expecting 52%-2,200% Growth
    Investor's Business Daily8 days ago

    Q4 Earnings: Veeva, Splunk, Ciena Among 17 Stocks Expecting 52%-2,200% Growth

    Veeva Systems, Splunk, Horizon Pharma, Incyte, and Ciena are among 17 highly rated stocks expecting 52% to 2,200% Q4 earnings growth.

  • Twilio (TWLO) Q4 Earnings: What's in Store for the Stock?
    Zacks8 days ago

    Twilio (TWLO) Q4 Earnings: What's in Store for the Stock?

    Twilio's (TWLO) fourth-quarter results are likely to benefit from sustained growth in its core products.

  • Should You Chase Infinera's Recent Rally?
    Motley Fool10 days ago

    Should You Chase Infinera's Recent Rally?

    The stock looks cheap -- but the fiber optic company still faces plenty of headwinds.

  • A couple of U.S. senators want to restrict corporate share buybacks. Here's how much Greater Baltimore's companies spend.
    American City Business Journals10 days ago

    A couple of U.S. senators want to restrict corporate share buybacks. Here's how much Greater Baltimore's companies spend.

    Companies would not be allowed to buy back their own shares unless they pay employees $15 per hour, provide paid sick leave, and offer pensions and better health benefits under a plan proposed by U.S. Sens. Chuck Schumer and Bernie Sanders.

  • Will Higher Revenues Drive Vocera's (VCRA) Q4 Earnings?
    Zacks10 days ago

    Will Higher Revenues Drive Vocera's (VCRA) Q4 Earnings?

    For the fourth quarter, Vocera Communications (VCRA) is likely to report higher revenues on a year-over-year basis, supported by healthy growth trajectory.

  • Will Ciena (CIEN) Beat Estimates Again in Its Next Earnings Report?
    Zacks11 days ago

    Will Ciena (CIEN) Beat Estimates Again in Its Next Earnings Report?

    Ciena (CIEN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

  • Can Higher Revenues Drive Motorola's (MSI) Q4 Earnings?
    Zacks11 days ago

    Can Higher Revenues Drive Motorola's (MSI) Q4 Earnings?

    For the fourth quarter, Motorola Solutions (MSI) is likely to report higher consolidated revenues on a year-over-year basis, supported by healthy growth trajectory.

  • 4 Stocks That May Win The U.S.-China Trade War
    Investopedia13 days ago

    4 Stocks That May Win The U.S.-China Trade War

    If the U.S. bans Huawei Technologies from doing business with American companies, these rivals could see revenues and stock prices grow.

  • Ciena Stock Falls As Bank of America Downgrades Fiber-Optic Gear Maker
    Investor's Business Daily16 days ago

    Ciena Stock Falls As Bank of America Downgrades Fiber-Optic Gear Maker

    Ciena stock tumbled Wednesday as Bank of America downgraded it to neutral from buy. Hanover, Md.-based Ciena makes system-level optical products for communications networks.

  • Business Wire17 days ago

    Vianet Communications Selects Ciena’s Packet and Optical Platforms to Improve Intracity and International Connectivity

    To meet unpredictable traffic patterns and a surge in bandwidth demand generated from new residential and enterprise customers, Vianet Communications, one of the largest fixed broadband operators in Nepal, has chosen Ciena’s (CIEN) 6500 Packet-Optical Platform and 5160 Service Aggregation Switch. Through this deployment, Vianet can achieve the levels of capacity, flexibility, resiliency, and openness required to create a network that can quickly adapt to changing user demands. Vianet has more than 70,000 customers and has been the pioneer in introducing FTTH technology in the ISP arena in Nepal.

  • Cisco, Acacia, Ciena, Lumentum At Odds As Silicon Photonics Emerges
    Investor's Business Daily18 days ago

    Cisco, Acacia, Ciena, Lumentum At Odds As Silicon Photonics Emerges

    Cisco Systems' purchase of Luxtera has raised the stakes as silicon photonics emerges as a new communications technology, with a number of key companies possibly being affected by the deal.

  • How JFK's Father Made His Fortune
    Investopedia18 days ago

    How JFK's Father Made His Fortune

    We take a look at how this historical figure made his fortune and consider the bullish outlook for the semiconductor sector.