CIEN - Ciena Corporation

NYSE - NYSE Delayed Price. Currency in USD
43.19
-0.12 (-0.28%)
At close: 4:01PM EST
Stock chart is not supported by your current browser
Previous Close43.31
Open43.26
Bid0.00 x 900
Ask44.78 x 800
Day's Range42.99 - 43.34
52 Week Range32.76 - 46.78
Volume1,096,505
Avg. Volume2,776,347
Market Cap6.654B
Beta (5Y Monthly)1.06
PE Ratio (TTM)26.83
EPS (TTM)1.61
Earnings DateMar 04, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est50.79
  • Business Wire

    Ciena Upgrades EIG Submarine Cable System to Connect Businesses in Europe, the Middle East and India

    The EIG submarine cable system has been upgraded using Ciena’s submarine network solution.

  • 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 the right stocks at the right time is key to investing. Check out Amazon, Tempur Sealy, Burlington Stores, Progyny and UnitedHealth.

  • Business Wire

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

    Ciena® Corporation expects to announce its fiscal first quarter financial results on Thursday, March 5, 2020.

  • Ciena (CIEN) Moves to Buy: Rationale Behind the Upgrade
    Zacks

    Ciena (CIEN) Moves to Buy: Rationale Behind the Upgrade

    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.

  • Does Ciena Corporation's (NYSE:CIEN) CEO Pay Compare Well With Peers?
    Simply Wall St.

    Does Ciena Corporation's (NYSE:CIEN) CEO Pay Compare Well With Peers?

    In 2001 Gary Smith was appointed CEO of Ciena Corporation (NYSE:CIEN). First, this article will compare CEO...

  • U.S. Disappointed as Johnson Gives Huawei Partial 5G Role
    Bloomberg

    U.S. Disappointed as Johnson Gives Huawei Partial 5G Role

    (Bloomberg) -- U.K. Prime Minister Boris Johnson risked a rift with President Donald Trump as he gave Huawei Technologies Co. the green light to help develop Britain’s next-generation broadband networks.While the U.K. government announced it will keep what it calls high-risk vendors such as Huawei out of the most sensitive core parts of its 5G mobile networks, the company will be able to supply other equipment that is critical to the roll-out of broadband such as antennas and base stations.That is a blow to the Trump administration, which wanted Johnson to impose an outright ban on the Shenzhen-based tech giant, citing concerns that its gear could be vulnerable to infiltration by Chinese spies. The two men spoke about the U.K. decision on Tuesday, according to Johnson’s office. American officials had warned the U.S. may be forced to hold back secret intelligence from the U.K. in future, if Johnson pressed ahead with giving Huawei a role. The company has always denied it poses any security risk.A key pillar of Johnson’s vision for a future outside the world’s richest single market is a trade deal with the U.S. and the Huawei license risks setting up a clash with Trump. On their call on Tuesday, Johnson “underlined the importance of like-minded countries working together to diversify the market and break the dominance of a small number of companies,” his office said.The initial reaction from Washington was muted.A senior U.S. administration official expressed disappointment at Johnson’s decision, but also hope that the U.S. and the U.K. could still find some way to exclude components from untrusted vendors in 5G systems in future. Trump himself has yet to comment, and is preparing to announce his Middle East peace plan later Tuesday.Read More: U.K. Still Wary of China Hacking Threat After Limiting HuaweiReactions from Congress were more critical. “Here’s the sad truth: our special relationship is less special now that the U.K. has embraced the surveillance state commies at Huawei,” said Republican Senator Ben Sasse of Nebraska.Republican Senator Marsha Blackburn of Tennessee suggested curtailing intelligence-sharing with any allies whose networks run on the equipment of “untrusted” vendors. “If we have exhausted our carrots with the Brits, it may be time to use a stick,” Blackburn said in a statement. Republican Senator Tom Cotton of Arkansas, in a reference to Brexit, said: “I fear London has freed itself from Brussels only to cede sovereignty to Beijing. Allowing Huawei to build the U.K.’s 5G networks today is like allowing the KGB to build its telephone network during the Cold War.”In London, too, senior members of Johnson’s ruling Conservative Party expressed dismay at his decision. Former party leader Iain Duncan Smith, and ex-cabinet minister David Davis warned of the security risks the Chinese company posed. “The size and complexity, the problem we are trying to protect against, is enormous,” Davis told the House of Commons. “Huawei should be banned from our networks.”The widely-expected announcement by Johnson’s government is a compromise between the outright ban on Huawei sought by the U.S. and the access sought by telecommunication companies. While it ends months of political wrangling in the U.K., the process remains fraught with peril for Johnson as he prepares to end Britain’s 47 years of European Union membership and plans to negotiate a new trade deal with the U.S.Market ShareUnder the U.K.’s policy, a cap of up to 35% will be imposed on Huawei’s share of the non-sensitive parts of the next-generation networks, such as antennas, masts and even fixed-line fiber-to-the-home components.High risk vendors, a category which would also include China’s ZTE, which is already banned from the U.K., are also to be “excluded from sensitive geographic locations, such as nuclear sites and military bases.”The 35% cap will be kept under review and could reduce over time, the government said. The cap is roughly in line with Huawei’s current overall market share in 4G, and Huawei said it was expected and reasonable. U.K. officials said the cap could be reduced over time, and the aim is to work with allies to help develop alternatives and get to a stage where the country doesn’t need to rely on high-risk vendors at all.However, the cap may mean that phone carriers like BT Group Plc’s EE, Vodafone Group Plc and Three have to rejig their 5G plans to comply. Three, a unit of Hong Kong-based CK Hutchison Holdings Ltd., had been depending on Huawei to deliver the entirety of its 5G radio-access network, with Nokia chosen to provide the core.Dave Dyson, chief executive officer of Three U.K., said in a statement: “We note the government’s announcement and are reviewing the detail.”Ericsson AB and Nokia Oyj are the primary Huawei rivals in networking equipment now, but the U.K. decision may help create more options for certain segments of wireless networks. Cisco Systems Inc., Juniper Networks Inc., Ciena Corp. and Infinera Corp. may benefit as wireless operators look for alternative suppliers, said Woo Jin Ho, a Bloomberg Intelligence analyst.Huawei ReassuredIn a statement, Huawei Vice-President Victor Zhang said it was “reassured” that the U.K. will let the company keep working with carriers on 5G.“This evidence-based decision will result in a more advanced, more secure and more cost-effective telecoms infrastructure that is fit for the future,” he said, committing to build on Huawei’s more than 15 years supplying U.K. telecom operators.The Confederation of British Industry, the leading business lobby in the country, said “this solution appears a sensible compromise that gives the U.K. access to cutting-edge technology, whilst building in appropriate checks and balances around security.” Vodafone, which uses Huawei in its U.K. radio network, said “we aim to keep any potential disruption to customers to a minimum.”By curbing Huawei’s access but still allowing the supplier to play a role in 5G, British officials are betting they can manage any security risks at home and still maintain intelligence-sharing ties with the U.S. and other allies.Johnson discussed Huawei in a phone call with Trump on Friday, and clearly wasn’t swayed by the push for a total ban. The prime minister said the U.K. could have the best of both worlds: retaining access to the best technology while protecting the data of consumers. British security services deem the risks manageable.For the U.K. timing of its announcement is particularly sensitive. U.S. Secretary of State Michael Pompeo, who had warned Johnson’s predecessor not to “wobble” on the issue, is due to visit on Wednesday.Huawei has been a key supplier to the U.K. and many other European phone networks for over a decade so this decision will be closely watched by others. In fact, many European nations are leaning in the same direction as the U.K.QuickTake: Can a 70-Year-Old Spy Alliance Endure in Era of 5G?The EU will publish its own guidelines on Wednesday which give leeway to member states to restrict or ban Huawei without forcing them to do so. According to a draft of the document seen by Bloomberg, countries should consider banning suppliers based in countries with insufficient “democratic checks and balances” from core 5G components.Canada has also indicated interest in a similarly split decision -- allowing Huawei while also pledging to contain any security risk.A key concern of the U.S. is that other countries will copy-and-paste the U.K.’s solution, relying on its regulatory system and high level of access to Huawei technology.“The U.K. model isn’t easily replicated,” warned Ian Levy, technical director of the National Cyber Security Centre, in a blog published alongside the decision. “The approach we’ve come up with for the U.K. is specific to the U.K. context. Others shouldn’t assume they’re getting the same level of protection for modern networks if they do similar things without performing their own analysis.”The market is broken, he added, because it’s not commercially attractive to build good security into networks.(Updates with Huawei alternatives in 16th paragraph)\--With assistance from Olivia Konotey-Ahulu, Josh Wingrove and Kevin Cirilli.To contact the reporters on this story: Thomas Seal in London at tseal@bloomberg.net;Alex Morales in London at amorales2@bloomberg.netTo contact the editors responsible for this story: Flavia Krause-Jackson at fjackson@bloomberg.net, Tim Ross, Rebecca PentyFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Business Wire

    Central Lincoln People’s Utility District Transforms Network with Ciena and SEL

    Central Lincoln People’s Utility District recently selected Ciena and Schweitzer Engineering Labs (SEL) technology to transform its power grid

  • Ciena Partners With Telxius to Deploy WaveLogic Technology
    Zacks

    Ciena Partners With Telxius to Deploy WaveLogic Technology

    Ciena (CIEN) provides its much-acclaimed WaveLogic 5 Extreme technology to Telxius to deliver high-end programmability and networking solutions across long-haul set-up and submarine applications.

  • Business Wire

    Telxius’ BRUSA Reaches 160 Tbps with Ciena’s WaveLogic 5

    Telxius’ BRUSA cable successfully reached record 550 Gbps single-wavelength channel speeds leveraging Ciena's WaveLogic 5 Extreme (WL5e).

  • Why Is Ciena (CIEN) Down 2.3% Since Last Earnings Report?
    Zacks

    Why Is Ciena (CIEN) Down 2.3% Since Last Earnings Report?

    Ciena (CIEN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Ciena Corporation (NYSE:CIEN) Earns A Nice Return On Capital Employed
    Simply Wall St.

    Ciena Corporation (NYSE:CIEN) Earns A Nice Return On Capital Employed

    Today we'll look at Ciena Corporation (NYSE:CIEN) and reflect on its potential as an investment. To be precise, we'll...

  • Ciena (CIEN) Outpaces Stock Market Gains: What You Should Know
    Zacks

    Ciena (CIEN) Outpaces Stock Market Gains: What You Should Know

    In the latest trading session, Ciena (CIEN) closed at $42.28, marking a +1.76% move from the previous day.

  • Ciena Corporation (CIEN) vs. Hedge Fund Favorites in 2019
    Insider Monkey

    Ciena Corporation (CIEN) vs. Hedge Fund Favorites in 2019

    We are still in an overall bull market and many stocks that smart money investors were piling into surged in 2019. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 57% each. Hedge funds' top 3 stock picks returned 45.7% last year and beat the S&P 500 ETFs by […]

  • TheStreet.com

    Ciena Stock Rises; Telecom Giant Is Upgraded With Higher Price Target at Morgan Stanley

    Ciena has built a `meaningful lead' over its competitors that will help the provider of telecom equipment and services boost its market share, according to Morgan Stanley.

  • Thomson Reuters StreetEvents

    Edited Transcript of CIEN earnings conference call or presentation 12-Dec-19 1:30pm GMT

    Q4 2019 Ciena Corp Earnings Call

  • Telecom Stock Roundup: AT&T's Financial Update, Verizon's 5G Deployment & More
    Zacks

    Telecom Stock Roundup: AT&T's Financial Update, Verizon's 5G Deployment & More

    While AT&T (T) offers a capital allocation strategy update, Verizon (VZ) deploys 5G technology to create the nation's first 5G shipyard.

  • CenturyLink Strengthens Research Consortium With Internet2
    Zacks

    CenturyLink Strengthens Research Consortium With Internet2

    CenturyLink (CTL) deploys low-loss fiber network to foster various educational institutions and leading-edge research projects in collaboration with Internet2.

  • Ciena Corporation Just Released Its Yearly Earnings: Here's What Analysts Think
    Simply Wall St.

    Ciena Corporation Just Released Its Yearly Earnings: Here's What Analysts Think

    It's been a pretty great week for Ciena Corporation (NYSE:CIEN) shareholders, with its shares surging 18% to US$41.38...

  • Ciena Stock Jumps On Guidance After Fiscal Q4 Earnings Miss Estimates
    Investor's Business Daily

    Ciena Stock Jumps On Guidance After Fiscal Q4 Earnings Miss Estimates

    Ciena stock jumped despite a fiscal Q4 earnings miss after the fiber-optic gear maker gave 2020 guidance. Short interest in Ciena stock had increased heading into the quarterly earnings.

  • 5 Top Stock Trades for Friday: AVGO, MU, AMD
    InvestorPlace

    5 Top Stock Trades for Friday: AVGO, MU, AMD

    A tentative agreement between the U.S. and China, as well as a predictable Fed has investors feeling good as they bid up stocks. Let's look at a few top stock trades for Friday. Top Stock Trades for Tomorrow No. 1: Broadcom (AVGO)Source: Chart courtesy of StockCharts.comWe were looking for a breakout in Broadcom (NASDAQ:AVGO) stock, but doing so in the same session ahead of earnings is risky. Shares rocketed through its prior highs and resistance, ripping to a high of around $330. Now what? Should shares pull back after reporting earnings, I would love to see prior resistance hold as support near $320. Should it fail, bulls will still be okay as long as AVGO can find support above $314. InvestorPlace - Stock Market News, Stock Advice & Trading TipsThere it has the rising 20-day moving average, as well as prior April and May resistance near $315. Below this area could bring up a test of the $300 level. * The 10 Worst Dividend Stocks of the Decade On the upside, it's hard to say where AVGO could rally to on a bullish earnings reaction -- the analysts certainly are bullish. Currently, there is a Fibonacci extension up at $349.65 based on the prior 52-week range. But most importantly, see that AVGO holds the breakout level or prior support at this point. Top Stock Trades for Tomorrow No. 2: Micron (MU)Source: Chart courtesy of StockCharts.com Micron (NASDAQ:MU) shares made a beautiful breakout on Wednesday and followed it with even more upside on Thursday. Investors will now want to see if shares can clear the $51 level and continue higher. Remember, Micron was trading north of $60 per share in 2018 and if it can regain momentum, a push higher certainly isn't out of the question. On a pullback, $48 and the prior downtrend (blue line) will need to hold as support. Top Stock Trades for Tomorrow No. 3: Advanced Micro Devices (AMD)Source: Chart courtesy of StockCharts.comTalk about a loaded top three picks, huh? Chips have been on fire, so it should come as little surprise that Advanced Micro Devices (NASDAQ:AMD) is working on the long side again. After hitting $41.79 last month, shares of AMD have cooled. However, the 20-day moving average continued to buoy the stock and on Thursday, shares broke out over downtrend resistance (blue line). Now, let's see if the stock can breakout over its prior highs. The stock failed at $41.75 in back-to-back sessions in November. A move over this mark could trigger a rally into the mid-$40s and possibly higher. On a pullback, see that the 20-day moving average continues to hold as support. Top Stock Trades for Tomorrow No. 4: Activision Blizzard (ATVI)Source: Chart courtesy of StockCharts.com It doesn't get much simpler for Activision Blizzard (NASDAQ:ATVI). With Thursday's move over $57, the stock is officially breaking out. I would consider the $56 to $57 area as the must-hold mark, but some bulls may be more specific and require ATVI stock to stay over the September high of $57.52. Either way, shares are breaking out and as long as prior resistance holds as support on a pullback, the bulls are okay on the long side. With the move now, bulls will look to fill the stock's November 2018 gap down. To do so completely will require a rally to $62.35. Top Stock Trades for Tomorrow No. 5: Ciena (CIEN)Source: Chart courtesy of StockCharts.comCiena (NYSE:CIEN) shares are rocketing higher, up almost 20% after reporting earnings. The move thrust shares over all of its major moving averages, as well as downtrend resistance (blue line). The rally also sent CIEN stock up through the $40 to $41 area, which has been significant over the past year. Now, see that it stays above this zone. In the middle of it -- at $40.66 -- is the 61.8% retracement. Below that and the 200-day moving average will be on the table. On the upside, see if Ciena stock can rally to the 78.6% retracement. Above puts range resistance near $45 to $46 in the cards. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AVGO. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Worst Dividend Stocks of the Decade * 7 Game-Changing Tech Stocks to Buy Now * 5 Chinese Stocks to Buy for the Big 2020 Rebound The post 5 Top Stock Trades for Friday: AVGO, MU, AMD appeared first on InvestorPlace.

  • Barrons.com

    Ciena Missed Earnings Forecasts. Here’s Why Its Stock Is Surging.

    Revenue at the optical networking company was higher than expected, but per-share profit fell short.

  • Ciena (CIEN) Q4 Earnings Miss Estimates, Revenues Rise Y/Y
    Zacks

    Ciena (CIEN) Q4 Earnings Miss Estimates, Revenues Rise Y/Y

    Ciena's (CIEN) fiscal fourth-quarter results reflect market share gains on the back of technology leadership and diversified customer base in high-growth markets.

  • Ciena (CIEN) Lags Q4 Earnings Estimates
    Zacks

    Ciena (CIEN) Lags Q4 Earnings Estimates

    Ciena (CIEN) delivered earnings and revenue surprises of -7.94% and 0.33%, respectively, for the quarter ended October 2019. Do the numbers hold clues to what lies ahead for the stock?

  • TheStreet.com

    Ciena Shares Spike; Earnings Miss, but CEO Sees Strong Outlook at Network-Equipment Provider

    Ciena's sales guidance was in line with Wall Street estimates. But the CEO spoke of "broad-based demand" for the company's offerings "in multiple market segments."