CIEN - Ciena Corporation

NYSE - NYSE Delayed Price. Currency in USD
30.77
-0.07 (-0.23%)
At close: 4:02PM EDT
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Previous Close30.84
Open30.89
Bid27.57 x 800
Ask31.20 x 2900
Day's Range30.29 - 31.13
52 Week Range19.40 - 32.33
Volume3,298,256
Avg. Volume2,535,463
Market Cap4.388B
Beta (3Y Monthly)0.94
PE Ratio (TTM)6.28
EPS (TTM)4.90
Earnings DateDec 5, 2018 - Dec 10, 2018
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est34.21
Trade prices are not sourced from all markets
  • Business Wire23 minutes ago

    Ciena Appoints Joanne Olsen to Board of Directors

    Ciena® Corporation (CIEN), a networking systems, services, and software company, today announced that Joanne B. Olsen has been appointed to Ciena’s Board of Directors. Ms. Olsen also serves on the board of directors of Teradata Corporation. Ms. Olsen, 60, most recently served as Executive Vice President of Oracle Global Cloud Services and Support until her retirement in 2017.

  • Business Wire23 hours ago

    Ciena Modernizes Packet Networking with 'Adaptive IP' and Coherent Optics

    Enhancements reduce operational complexity and fuel emerging high-growth applications

  • GlobeNewswireyesterday

    Consolidated Research: 2018 Summary Expectations for Ciena, Automatic Data Processing, AGCO, Antero Resources, Chesapeake Energy, and Ducommun — Fundamental Analysis, Key Performance Indications

    NEW YORK, Oct. 17, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.

  • Ciena's Gain is Infinera's Pain: What Investors Need to Know
    Motley Fool7 days ago

    Ciena's Gain is Infinera's Pain: What Investors Need to Know

    One analyst thinks Ciena may be stealing away one of Infinera’s biggest customers.

  • Zayo's Infrastructure Solution Chosen by Multinational Bank
    Zacks10 days ago

    Zayo's Infrastructure Solution Chosen by Multinational Bank

    Zayo (ZAYO) continues to extend global reach by expanding its fiber footprint and forging strategic partnerships with local providers.

  • InvestorPlace13 days ago

    Is Now the Time to Put the Brakes on Ciena Stock?

    Year-to-date (YTD) Ciena stock is up 43%. As data usage increases, CIEN stock is expected to be a beneficiary in the long-term. Ciena has also been successful in re-investing its profits in innovation and customer service.

  • MarketWatch17 days ago

    Infinera responds to bearish analyst note as shares tumble

    Infinera Corp. on Monday responded to an MKM analyst report from earlier in the day, which suggested that the company was close to losing its largest customer, CenturyLink Inc. , to Ciena Corp. . "Subsequent to the publication of this analyst report, Infinera confirmed with CenturyLink executive management that a final decision has not been made," Infinera said in a release. The release also commented on the company's planned acquisition of Coriant, for which Infinera was issuing about 21 million shares. The MKM analyst, who downgraded the stock to sell, speculated that Infinera would have to issue 27.4 million new shares for the acquisition given that its stock price has dropped since the deal announcement, but Infinera clarified that "per terms of the agreement, the number of shares issued upon close is fixed at 20,975,384 million shares." Infinera shares are down 17% in Monday trading, and they're off 32% over the past 12 months. The S&P 500 has gained 16% in that time.

  • MarketWatch17 days ago

    Infinera stock plunges after MKM downgrades, says company is close to losing largest customer

    Shares of Infinera Corp. are down 14.4% in Monday morning trading after MKM Research analyst Michael Genovese downgraded the stock to sell from hold. "According to our checks, Ciena is nearly over the finish line in taking Infinera's largest customer, CenturyLink , away," Genovese wrote. His checks determined that the customer is "likely to switch because of concerns with Infinera's ability to produce new leading edge DSPs (digital signal processors) every 18 to 30 months." He thinks there's a greater than 90% chance that CenturyLink switches to Ciena. Infinera didn't immediately respond to a MarketWatch request for comment. A CenturyLink spokeswoman said that the company doesn't comment on rumors or speculation. Ciena declined to comment. Infinera shares are down 29% over the past 12 months. The S&P 500 has gained 17% in that time.

  • Ciena (CIEN) Up 1.7% Since Last Earnings Report: Can It Continue?
    Zacks19 days ago

    Ciena (CIEN) Up 1.7% Since Last Earnings Report: Can It Continue?

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

  • Investor's Business Daily22 days ago

    IBD Stock Of The Day: Diversification Key To This Fiber-Optic Player

    Ciena is the IBD Stock Of The Day as the maker of fiber-optic communications products forms a three-weeks-tight chart pattern following a beat-and-raise third quarter.

  • Business Wire24 days ago

    Hawaiki Selects Ciena to Boost Connectivity Across the Pacific

    Technology upgrade will increase Hawaiki’s total design capacity to 67 terabits per second between Australia, New Zealand and the U.S.

  • See what the IHS Markit Score report has to say about Ciena Corp.
    Markit28 days ago

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

    Short interest is moderately high for CIEN with between 10 and 15% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices.

  • Benzingalast month

    Finisar, Ciena Downgraded: Why Morgan Stanley Is Turning Neutral On The Optical Companies

    Optical component manufacturers present a bullish opportunity in 2019 but are less attractive investments in the near-term, according to Morgan Stanley. The Analyst Analyst Meta Marshall downgraded shares ...

  • MarketWatchlast month

    Finisar, Ciena stocks fall on Morgan Stanley downgrades

    Shares of Finisar Corp. and Ciena Corp. are down 4.2% and 2.8%, respectively, in premarket trading Thursday after Morgan Stanley analyst Meta Marshall downgraded the stocks to equal-weight from overweight. "Finisar and Ciena have closed the short-term valuation gaps that we believed existed," Marshall wrote. "While we think both stocks could continue to move toward our bull cases, we think those catalysts for further positive moves are in CY19, causing us to move to the sidelines for now." Marshall thinks that Finisar will need to first get its Sherman facility certified and turn its new data-communications product into a meaningful revenue driver in order for Morgan Stanley to have more confidence in the company's earnings power. Finisar shares are down 10.5% over the past 12 months, while Ciena shares are up 44%. The S&P 500 is up 16% in that time.

  • Why Ciena Spiked After Its Recent Earnings Report
    Motley Foollast month

    Why Ciena Spiked After Its Recent Earnings Report

    Ciena is outgunning competitors, both at home and overseas.

  • Moody'slast month

    CIENA Corporation -- Moody's upgrades CIENA Corporation's CFR to Ba1; outlook stable

    Moody's Investors Service upgraded CIENA Corporation's corporate family rating to Ba1 from Ba2. The ratings outlook is stable. The upgrade of the CFR to Ba1 reflects Moody's expectations that CIENA will reduce adjusted gross debt to EBITDA to below 2x over the next year while growing revenue in the mid-single digits, modestly expanding profit margins and maintaining a robust liquidity profile.

  • Thomson Reuters StreetEventslast month

    Edited Transcript of CIEN earnings conference call or presentation 30-Aug-18 12:30pm GMT

    Q3 2018 Ciena Corp Earnings Call

  • Business Wirelast month

    Tele2 Netherlands Improves Network Performance Using Ciena’s WaveLogic Ai

    Tele2 Netherlands, a leading regional telecommunications service provider, recently deployed Ciena’s (CIEN) WaveLogic Ai coherent optical solution to increase the capacity of its network, lower operating costs and support a tremendous increase in mobile video data traffic driven by Netflix™ and YouTube™. Tele2 Netherlands is a telecommunications service provider supporting the Dutch market. Tele2 Netherlands services both domestic and large enterprise customers, and manages a portfolio of fixed telephone, mobile phone, broadband and digital television products.

  • Ciena (CIEN) Q3 2018 Earnings Conference Call Transcript
    Motley Foollast month

    Ciena (CIEN) Q3 2018 Earnings Conference Call Transcript

    CIEN earnings call for the period ending July 31, 2018.

  • Ciena to Buy DonRiver to Boost Blue Planet Software Strategy
    Zackslast month

    Ciena to Buy DonRiver to Boost Blue Planet Software Strategy

    Ciena's (CIEN) buyout of DonRiver will help the company accelerate its software strategy and contribute toward its long-term financial goal of growing Blue Planet and associated services business.

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

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

    The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Technology sector is rising.

  • Business Wirelast month

    Ciena Announces Intent to Acquire DonRiver

    Ciena® Corporation (CIEN) has entered into a definitive agreement to acquire privately-held DonRiver, a global software and services company specializing in federated network and service inventory management solutions within the service provider Operational Support Systems (OSS) environment. DonRiver will bring new capabilities to Ciena’s Blue Planet software and services portfolio that significantly enhance the company’s ability to deliver on its Adaptive Network vision through intelligent, closed-loop automation. Specifically, with the addition of DonRiver’s federated network and service inventory management solutions, Ciena’s Blue Planet capabilities will extend beyond network orchestration and control to also provide a unified inventory view of all elements across a provider’s network.