CIEN - Ciena Corporation
34.86 0.00 (0.00%)
After hours: 5:03PM EDT
| Previous Close | 34.66 |
| Open | 34.92 |
| Bid | 34.21 x 1800 |
| Ask | 34.87 x 1000 |
| Day's Range | 34.75 - 35.29 |
| 52 Week Range | 22.99 - 45.70 |
| Volume | 1,999,305 |
| Avg. Volume | 2,653,783 |
| Market Cap | 5.437B |
| Beta (3Y Monthly) | 0.33 |
| PE Ratio (TTM) | 34.45 |
| EPS (TTM) | 1.01 |
| Earnings Date | Jun 6, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 44.42 |
- Markit•10 hours ago
See what the IHS Markit Score report has to say about Ciena Corp.
Ciena Corp NYSE:CIENView full report here! Summary * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for CIEN with fewer than 5% of shares 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. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $2.03 billion over the last one-month into ETFs that hold CIEN are not among the highest of the last year and have been slowing. 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.
- Zacks•yesterday
Ciena (CIEN) Gains As Market Dips: What You Should Know
Ciena (CIEN) closed the most recent trading day at $34.66, moving +0.14% from the previous trading session.
- Business Wire•yesterday
Ciena to Webcast Financial Community Event
Ciena® Corporation today announced its expected participation in the following upcoming event with the financial community. The event will be webcast live and recorded.
- InvestorPlace•6 days ago
4 Best 5G Stocks to Buy as the Trend Heats Up
Editor's note: This story was previously published in February 2019. It has since been updated and republished.Just as IoT (Internet of Things) became a buzzword for many years before it started taking off, the same is happening with 5G. If you're unfamiliar, 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.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBefore 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. * 6 Trade War Stocks With a Lot of Risk 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 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. It fell back to earth after the market was unimpressed by its March earnings, but appears set for a big comeback. * 7 Cloud Stocks to Buy on Overcast Days 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%.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 4 Best 5G Stocks to Buy as the Trend Heats Up appeared first on InvestorPlace.
- Business Wire•7 days ago
Blue Planet Prevents up to 95 Percent of Network Outages with New Proactive Network Operations Solution
Closed-loop automation solution uses artificial intelligence to significantly reduce service disruptions
- Zacks•13 days ago
Ciena (CIEN) Stock Moves -0.07%: What You Should Know
Ciena (CIEN) closed the most recent trading day at $36.14, moving -0.07% from the previous trading session.
- Zacks•13 days ago
HubSpot (HUBS) Beats on Q1 Earnings & Revenues, Ups '19 View
Hubspot (HUBS) first-quarter results benefit from growing customer base, and robust growth in Subscription revenues.
- Zacks•13 days ago
Infineon (IFNNY) Q2 Earnings Beat Estimates, Revenues Up Y/Y
Infineon (IFNNY) second-quarter fiscal 2019 results benefited from solid performance of ATV, PMM and IPC segments. However, near-term weakness in end-markets remains a woe.
- Zacks•13 days ago
Itron (ITRI) Earnings and Revenues Surpass Estimates in Q1
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- Zacks•13 days ago
Is Ciena (CIEN) Stock Outpacing Its Computer and Technology Peers This Year?
Is (CIEN) Outperforming Other Computer and Technology Stocks This Year?
- Business Wire•14 days ago
Ciena Announces Reporting Date and Web Broadcast for Fiscal Second Quarter 2019 Financial Results
Ciena® Corporation (CIEN) expects to announce financial results for its fiscal second quarter ended April 30, 2019 on Thursday, June 6, 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.
- Zacks•15 days ago
The Zacks Analyst Blog Highlights: Cadence Design Systems, Ciena, CommScope, Guidewire Software and Upland Software
The Zacks Analyst Blog Highlights: Cadence Design Systems, Ciena, CommScope, Guidewire Software and Upland Software
- Zacks•19 days ago
5 Tech Stocks to Buy on Possible US-China Trade Deal
on Apr 4, President Trump twitted that a trade deal with China is possible in the next four weeks.
- Simply Wall St.•20 days ago
Estimating The Fair Value Of Ciena Corporation (NYSE:CIEN)
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Cien...
- InvestorPlace•21 days ago
Surprise Loss Highlights Ongoing Risk to Nokia Stock
There's one long-running issue with Nokia Corporation (NYSE:NOK): a lack of consistency. That's true for Nokia as a company, and it's been true for Nokia stock as well.Source: Shutterstock After a 10% decline on Thursday following NOK's disappointing Q1 earnings report, Nokia stock now sits where it did back in early 2012. Shareholders have harvested some dividends along the way, and those who have timed NOK stock correctly have made out well. But over the long haul, Nokia stock simply hasn't delivered.On its own, the first-quarter report doesn't necessarily prove that NOK won't deliver going forward. It may not even completely refute the bull case on Nokia stock. NOK did reiterate its full-year guidance. The timing of the company's 5G deals appears to have been an issue, one that should resolve itself as the year goes on.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks to Buy That Ought to Buy Back Shares At the same time, the report highlights the broader concerns about NOK stock at this point. It emphasizes the problem I detailed back in 2017, and again in February. Specifically, it's exceedingly difficult for a stock to rise consistently without consistent execution and performance by the underlying company. For most of this decade, NOK stock has proven that rule, and it did so again on Thursday. Nokia's EarningsThere's no way to spin it: Nokia's earnings were disappointing. Adjusted revenue of €5.1 billion did rise year-over-year , but only thanks to the weaker euro. In constant currency, according to management, NOK's adjusted sales dropped 1%, while its reported sales fell 2%. Nokia had guided for a lighter quarter relative to its performance over the full year. But analysts were expecting at least some growth, and it appears likely that Nokia management was as well.NOK's sales dropped, and so did its earnings, which in fact turned negative. Adjusted earnings per share came in at negative €0.02, a mirror image of the €0.02 per share profit the company reported during the same period a year before. The Street had projected EPS of €0.03. Operating profit, too, turned negative after a modest profit in the first quarter of 2018.Granted, the miss wasn't huge - and in that context, the 10% decline of Nokia stock might seem like an overreaction. But it seems likely investors were expecting a beat; Nokia has, in recent years, generally guided a bit light, enabling it to often exceed consensus expectations. And beyond the issue of the miss, there's the question of what the quarter means for the rest of 2019 and beyond. Is the Selloff of Nokia Stock an Overreaction?Nokia's management did try to minimize the importance of the quarter. Its full-year guidance was reiterated, though the company noted "significant pressure on execution in the second half." Revenues from 5G projects were previously expected to rise in the second half of the year, but more of the revenue appears to have slipped to the second half. Specifically, NOK cited some €200 million of 5G revenue that wasn't able to be recognized in Q1, but should positively impact the company's results before the end of the year.The issue with Q1 isn't that sales and profits were lost, but rather that they slipped into the second half. And that explanation makes sense. The rising pressure on Chinese rival Huawei presents a potential opportunity for Nokia and rival Ericsson (NASDAQ:ERIC). But it's also led some customers to rethink their buying decisions, lengthening sales cycle.The case for buying the weakness of NOK stock, then, is based on the idea that nothing has really changed. The quarter was disappointing, but the company still has at least a chance to hit its full-year guidance.NOK's growth is supposed to be much stronger in 2020: EPS of €0.37-€0.42 against €0.25-€0.29 this year. In 2020, 5G projects and cost-cutting are expected to boost its bottom line. The bull case for Nokia stock, from a long-term standpoint, may not have changed all that much after the report. Yet after the decline, NOK stock is cheaper, trading at less than 13 times even the low end of next year's EPS guidance range. The Worries About Nokia StockAt the moment, investors aren't buying that argument and truthfully, neither am I. NOK has lost credibility over the past few years in terms of delivering on its promises. As a result, it's difficult to trust its 2019 guidance at this point.There's also the risk that Huawei's troubles won't quite help NOK and Nokia stock as much as some might presume. Ericsson clearly is going after the customers of its Chinese rivals, and having some success: it posted very strong results last week. NOK's rivals in other areas of networking like Cisco Networks (NASDAQ:CSCO), Ciena (NYSE:CIEN) and even smaller Adtran (NASDAQ:ADTN) are performing well and posting growth, yet Nokia looks to be falling behind there, too.Nokia has a big opportunity in 5G. But NOK has had opportunities for years, and it hasn't been able to take advantage of them. The acquisition of Alcatel Lucent was supposed to be transformative, yet Nokia stock trades well below its pre-merger levels. NOK supposedly had an opportunity in digital health, yet it sold that business after taking an enormous writedown. Cost-cutting was supposed to drive profits, but its revenue hasn't grown.At the end of the day, the problem with NOK's Q1 results is that they require investors to trust the company. They require trust that NOK's guidance still is correct, and trust that Nokia can nimbly navigate the new 5G equipment environment while fending off Ericsson.Investors don't have that faith, with good reason. That's why Nokia stock is falling so hard after its earnings and why it doesn't feel like the plunge of Nokia stock is an opportunity.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 7 A-Rated Stocks That Are Under $10 * 3 Scorching Hot Bank Stocks to Consider Now * 10 Stocks to Sell Before They Give Back 2019 Gains * 7 Stocks to Buy That Ought to Buy Back Shares Compare Brokers The post Surprise Loss Highlights Ongoing Risk to Nokia Stock appeared first on InvestorPlace.
- Zacks•22 days ago
Ciena (CIEN) Outpaces Stock Market Gains: What You Should Know
Ciena (CIEN) closed at $38.61 in the latest trading session, marking a +1.02% move from the prior day.
- Business Wire•22 days ago
FiberLight Automates Network Operations with Blue Planet
Blue Planet Inventory and Service Orchestration software improves service delivery and increases revenue potential
- PR Newswire•27 days ago
Cologix Launches Cologix Access Marketplace - A Next-Generation Cloud Networking Product For Customers And Providers To Connect
Cologix leverages Ciena's Blue Planet to automate Cloud Service Provider connections DENVER , April 24, 2019 /PRNewswire/ -- Cologix , a network-neutral interconnection and Hyperscale edge data center ...
- Insider Monkey•29 days ago
Here’s What Hedge Funds Think About Ciena Corporation (CIEN)
Hedge funds are known to underperform the bull markets but that's not because they are terrible at stock picking. Hedge funds underperform because their net exposure in only 40-70% and they charge exorbitant fees. No one knows what the future holds and how market participants will react to the bountiful news that floods in each […]
- Zacks•last month
Ciena (CIEN) Dips More Than Broader Markets: What You Should Know
Ciena (CIEN) closed at $38.28 in the latest trading session, marking a -1.1% move from the prior day.
- Zacks•last month
Ciena (CIEN) Upgraded to Strong Buy: Here's What You Should Know
Ciena (CIEN) has been upgraded to a Zacks Rank 1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
- Simply Wall St.•last month
Can You Imagine How Chuffed Ciena's (NYSE:CIEN) Shareholders Feel About Its 105% Share Price Gain?
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put i...
