CIEN - Ciena Corporation
35.45 +0.04 (0.11%)
After hours: 7:59PM EST
| Previous Close | 34.69 |
| Open | 34.63 |
| Bid | 35.00 x 1000 |
| Ask | 35.45 x 800 |
| Day's Range | 34.44 - 35.63 |
| 52 Week Range | 30.77 - 46.78 |
| Volume | 5916936 |
| Avg. Volume | 2,521,928 |
| Market Cap | 5.5B |
| Beta (3Y Monthly) | 1.08 |
| PE Ratio (TTM) | 24.35 |
| EPS (TTM) | 1.45 |
| Earnings Date | Dec 12, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 48.95 |
- 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 Splunk, Fortinet, AutoZone, Inphi and Pan American Silver.
- Zacks
Ciena (CIEN) to Report Q4 Earnings: What's in the Cards?
Ciena's (CIEN) fiscal fourth-quarter performance is likely to have benefited from market share gains owing to technology leadership and diversified customer base in high-growth markets.
- Barrons.com
Ciena Stock Drops After Analyst Warns of More Trouble Ahead
Ciena stock has gained 66% since the end of 2017. But the telecommunications-equipment company has lost a key customer.
- Zacks
Ciena (CIEN) Earnings Expected to Grow: Should You Buy?
Ciena (CIEN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Zacks
Ciena (CIEN) Stock Moves -0.08%: What You Should Know
In the latest trading session, Ciena (CIEN) closed at $36.70, marking a -0.08% move from the previous day.
- Insider Monkey
Hedge Funds Are Selling Ciena Corporation (CIEN)
We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]
- Simply Wall St.
Don't Sell Ciena Corporation (NYSE:CIEN) Before You Read This
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...
- InvestorPlace
7 5G Stocks to Buy Now for the Future
[Editor's note: "7 5G Stocks to Buy Now for the Future" was previously published in August 2019. It has since been updated to include the most relevant information available.]Since I last wrote about the four best 5G stocks to buy as the trend heated up, the sector has touched new highs. The companies benefited from telecom companies rolling out 5G wireless. That trend is not only heating up, but is accelerating. AT&T (NYSE:T) will offer a fixed-wireless-access solution later this year, letting customers get 5G internet at home. Beating AT&T in the 5G race is Verizon (NYSE:VZ), which officially became the first major U.S. carrier to offer 5G cell service. * 7 Stocks to Buy in December Verizon's victory puts pressure on telecom firms to accelerate their investments in the 5G buildout -- or risk falling behind.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHere are seven 5G stocks that should rally in the future as the rest of the sector keeps heating up. 5G Stock to Buy: Ciena Corporation (CIEN)Source: Shutterstock Ciena Corporation (NYSE:CIEN) stock rebounded from near-$33 lows in May after reporting second-quarter results June 6. The company reported revenue growing by 18.5% to $865 million. CIEN stock's adjusted earnings per share was 48 cents. Although the company faced tougher year-over-year comparisons, investors bid the stock to yearly highs above $46. In the last few quarters, the company reported a growth rate a few points above the long-term average of 6%-8%. Beyond this year, growth will revert to that 6%-8% range. And EPS growth of 20% a year is sustainable.Ciena acquired TeraXion for $32 million in 2016, gaining control of its high-speed photonics components, which have enabled Ciena to unroll optical chipsets. This move also gave CIEN the execution capability around TeraXion's electro-optics portion of the drivetrain as well as the company's silicon photonics.The rollout of 5G had a positive impact on the CIEN stock's most-recent quarter. And Ciena is highly engaged with its customers, especially at the optical project level. With that level of involvement with the largest tier one companies in North America, expect revenue to grow extremely well for the foreseeable future.Assuming a reasonable five-year compound annual growth rate of 7.1%, CIEN stock has an upside of over 10%. Cisco Systems (CSCO)Source: Shutterstock Cisco Systems (NASDAQ:CSCO) stock's near-term growth will come from being the world's largest secure domain name system platform, though the data center is another source of core growth. Cisco has around 35 data centers that are growing monthly, as the company expands its cloud. It has 100 million daily users on its platform, yet the company wants to be a bigger player in 5G in the future.On July 9, Cisco announced that it would buy optical component maker Acacia Communications (NASDAQ:ACIA) for $2.84 billion. In doing so, the telecom equipment supplier will widen its addressable market in the 5G space. And because service providers will put upgrading to 5G on their roadmap, CSCO will have to upgrade its optical components, too. As global internet traffic triples into 2022, Cisco will have a way to sell the hardware customers need to support all that data movement. * 7 Stocks to Buy in December Acquiring Acacia gives Cisco the needed expertise in metro, long-haul and undersea data movement. Previously, the company's optical portfolio covered only short-range data center connections.CSCO's integration of Acacia strengthens its positioning for 5G in the future. Acacia already makes many of the optical interconnect modules in Cisco's equipment. But in the future, the demand for high-speed interconnect will increase rapidly. Nokia (NOK)Source: Shutterstock Nokia (NYSE:NOK) reported fiscal second-quarter results that beat consensus estimates. The company has benefited from new 5G deal wins. Helped by improving product competitiveness, the company has an impressive 50 commercial 5G deals.Nokia is well-positioned to be a 5G player in the future. As Nokia sells 5G radio to customers, it is also selling other Nokia products. Not only that, but NOK is building its 5G business by converting all of its 4G LTE customers -- it has over 300 commercial 4G customers who need help transitioning to 5G over the next 10-20 years.At a forward price-to-earnings ratio of 13, Nokia is not valued as a strong 5G player for the future. Markets are making a mistake ignoring this company's strong prospects.As many countries move quickly to deploy 5G, management may raise its guidance. Now, operators expect it will take four or five years after the initial rollout to get 5G deployed to 75% of their customers. That suggests Nokia's 5G growth acceleration is still in its early stages. NXP Semiconductors (NXPI)Source: Shutterstock NXP Semiconductors (NASDAQ:NXPI) has pivoted its business towards the automotive and 5G market over the last few years. Strong 5G deployment in the last few quarters assures the company's positioning in the space. Its second quarter, posted July 30, met consensus estimates. This is due partly to the benefit of a large mobile customer, but the higher revenue from the customer also led to lower deployment in the current Q3. To adjust for the uncertainties, NXPI lowered its Q3 revenue guidance to $2.21 billion-$2.27 billion. This is below the $2.35 billion estimated revenue.NXPI stock fell to as low as $96.11 by Aug. 5, only to recover somewhat when it closed recently at around $100. Management is bullish on the outlook for 5G but is assessing the potential near-term slowdown in the industry. With investor expectations lowered, investors have a chance to buy NXPI stock at a 15 times P/E and 11.3 times forward earnings. In doing so, shareholders are positioning themselves for the next wave of 5G spending. * 8 Dividend Aristocrat Stocks to Buy Now No Matter What Currently, NXP Semiconductors is benefiting from the growth in multi-input and multi-output (MIMO) deployment, where customers are expanding their capacity associated with their installed infrastructure. In the future, customers will move to 5G deployments. And from there, they may upgrade that capacity through software deployments to facilitate 5G. So indirectly, MIMO is driving revenue higher in the short-term. And as 5G ramps up more strongly into 2020, investors should get rewarded within a year. T-Mobile (TMUS)Source: Shutterstock In the telecom carrier space, T-Mobile (NASDAQ:TMUS) stock is creating a bigger and bolder competitor through its Sprint (NASDAQ:S) acquisition. Odds of the merger improved after the U.S. Department of Justice and the FCC gave the firms clearance for the deal. But first, Sprint must divest its pre-paid business and also sell its 800 MHz spectrum license.While T-Mobile expects to deliver $43 billion in synergies from the deal, the 5G efficiencies from the merger will interest investors most. Looking into the future, T-Mobile is committed to covering 97% of the U.S. population with 5G in three years. In six years, 99% of the population will get 5G coverage. This aggressive timeline is possible because T-Mobile will leverage its 5G network.Currently, T-Mobile is deploying a 600 MHz and millimeter wave spectrum, and the former will become the foundation for its nation-wide 5G network. Once 5G smartphones are available, the company will launch 5G on 600 MHz later this year.T-Mobile's growth will also come from its broadband business. It's goal is to reach 9.5 million in-home broadband subscribers by 2024. This complements the cost synergies, with $4 billion coming from the network division, $1 billion from sales, services and marketing, and $1 billion from the back office. With consistent customer growth and higher efficiencies ahead, it is no wonder that TMUS stock is in an uptrend in 2019. Verizon Communications (VZ)Source: Shutterstock Verizon, whose shares also offer a dividend yielding 4.1%, is another 5G stock to buy for the future. Its focus on the fiber deployment gives it this edge. VZ expects to have 5G coverage in 30 cities by the end of the year.Verizon's capital expenditures will support the buildout of its 5G Ultra Wideband network. For the full year 2019, capital expenditure will be in the range of $17 billion-$18 billion. More impressive is the speed that VZ's 5G Mobility offers now. Handsets may now run at 1.3-1.5 gig and average up to 2 gigs. Offering speeds that are significantly faster than 4G will encourage customers to upgrade. * 7 Stocks to Buy in December Analysts' average price target for VZ stock is only about $2 above the shares' current price. Despite the conservative expectations analysts have for Verizon, 2020 will be an important year for its 5G growth. 5G Home will continue to expand. As the company rolls out 5G Home customer premise (CP) equipment, it will see a positive contribution to revenue in 2021. Intel Corporation (INTC)Source: Shutterstock Intel Corporation (NASDAQ:INTC) is broadening its business beyond PC central processing unit chips. It believes its network infrastructure business will benefit from the positive future of 5G, so it is investing in networks. Already, this business grew 40% since 2014 from just over $1 billion in revenue to over $4 billion last year. INTC stock is hardly trading like a 5G growth play: The stock is valued at just around 10.8 times earnings.The global rollout of 5G is driving demand for "network cloudification." Intel has opportunity in the core network and at the edge. And Intel's 10 nm Snow Ridge system on a chip technology will power 5G-base stations early next year. Already, the company secured two large telecom equipment manufacturers with this architecture. By 2022, Intel forecasts having a 40% market share.During its second quarter, Intel decided to get out of the 5G smartphone modem business. It sold the unit to Apple (NASDAQ:AAPL). This is a critical turning point for Intel because the chip giant may turn its attention towards 5G networking instead.In the near-term, growth from the cloud business will be slow and in the single digits as customers begin transitioning to 5G. Later this year and in 2020, Intel expects its cloud business to grow at a faster pace. Gross margin will fall slightly and will bottom at 57% in 2021, INTC says. And while an expected gross margin in the 60% range next year is driven by the 10 nm chip refresh, the 5G ramp-up will help its network business.As of this writing, Chris Lau was long NXPI and NOK. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy in December * 7 Unsteady Stocks Investors Should Consider Selling Before 2020 * 7 Entertainment Stocks to Buy to Escape Holiday Blues The post 7 5G Stocks to Buy Now for the Future appeared first on InvestorPlace.
- Zacks
Ciena (CIEN) Outpaces Stock Market Gains: What You Should Know
Ciena (CIEN) closed at $37.31 in the latest trading session, marking a +0.95% move from the prior day.
- Investor's Business Daily
How To Spot The Flat Base In This Kind Of Chart Action By Growth Stocks
Ciena formed three bases over a long period of time. The third, a flat base, launched one of the biggest moves by growth stocks in recent months.
- PR Newswire
Making R&E History: Ground-breaking, Long-haul 400 Gbps Ethernet Link Between Chicago and Denver on Internet2's Research and Education Network
WASHINGTON, Nov. 22, 2019 /PRNewswire/ -- Ciena, Internet2, and Juniper Networks confirmed successfully passing live traffic over a 1,367-mile circuit using a single 400 gigabit Ethernet link between Chicago and Denver, the first such occurrence for an advanced research and education (R&E) network.
- Zacks
Ciena (CIEN) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Ciena (CIEN) closed at $37.41, marking a -0.77% move from the previous day.
- Business Wire
Romania’s Agency of Administration of the National Network for Education and Research Upgrades Network with Ciena
The Agency of Administration of the National Network for Education and Research (AARNIEC) recently deployed Ciena’s (CIEN) 6500 Packet-Optical Platform and 3930 Service Delivery Switch to improve its network capabilities in Romania and its network between Bucharest and Vienna. This upgrade will allow RoEduNet’s network to flexibly adapt and support advanced scientific research efforts and voracious bandwidth demands. Ciena’s packet optical and Carrier Ethernet technology allow RoEduNet to meet the needs of its users and support the delivery of high-bandwidth and low-latency services such as RoEduNet’s Virtual Library.
- Zacks
Ciena Chosen by Telia Carrier as System Provider in Europe
In a sustained pursuit of innovation, Ciena (CIEN) continues to facilitate network providers to offer more connected experiences for their customers.
- Business Wire
Telia Carrier Strengthens European Network with Ciena
Telia Carrier has today announced an agreement with Ciena to further increase capacity in its European footprint. To maintain its position and capture growth in its long-haul transport network, Telia Carrier has today chosen Ciena (CIEN) to be the supplier of a new Open Optical Line System (O-OLS) in Europe. The selected system will be deployed from the beginning of 2020 and will provide increased capacity across the European FLAP (Frankfurt, London, Amsterdam and Paris) markets, as well as linking-up additional key locations in the Telia Carrier network, to create a European Express Network.
- Business Wire
Ciena Announces Reporting Date and Web Broadcast for Fiscal Fourth Quarter and Year End 2019 Financial Results
Ciena® Corporation expects to announce its fiscal fourth quarter and year end 2019 financial results on Thursday, December 12, 2019, before the open of the financial markets.
- Moody's
CIENA Corporation -- Moody's announces completion of a periodic review of ratings of CIENA Corporation
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of CIENA Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
- Simply Wall St.
Is There An Opportunity With Ciena Corporation's (NYSE:CIEN) 20% Undervaluation?
Today we will run through one way of estimating the intrinsic value of Ciena Corporation (NYSE:CIEN) by estimating the...
- TipRanks
3 ‘Strong Buy’ Stocks to Buy on Weakness
Investors are constantly searching for the next big winner. We mean the stocks that are on track to see explosive growth, handsomely rewarding the investors that managed to get onboard at the right time. But how are investors supposed to know when it’s time to snap up the right stock?When first approaching this task, investors will often turn to names during or on the heels of an impressive rally. However, Wall Street analysts note that this isn’t always the best move. Instead, the Street’s seasoned pros tell investors that compelling investments can be found among names that have stumbled lately. Rockiness in share prices can present a unique opportunity to get in on the action before the stock heats up.Taking this into consideration, we used TipRanks’ Stock Screener tool to pinpoint 3 tickers with strong growth narratives that remain intact despite recent weakness. If this wasn’t promising enough, each of the names has received enough bullish calls in the last three months to be given a “Strong Buy” consensus rating.Enphase Energy (ENPH)Investors are desperately trying to understand what’s going on with Enphase Energy. Known for being the leading provider of solar microinverters, the company has seen shares tank following a period of massive growth in the first half of the year. Nonetheless, one analyst states that concerns regarding ENPH have been blown out of proportion.Roth Capital’s Philip Shen points to a report published by Jcap as the partial source of recent shakiness. The primary assumption made in the report is that ENPH has seven months of inventory left in the channel. Shen responded by calling this claim “simply nonsensical”, with his estimates putting the actual inventory levels at 3-4 weeks.Adding to the good news, the analyst wrote in a note to clients that the U.S. residential market is expanding much more quickly than previously expected.“We continue to believe the U.S. resi market will be up 25% YoY in 2019 AND in 2020 vs. consensus view of mid-teens YoY growth after a fresh round of checks this week. Overall, ENPH is ramping capacity at the right time to grow with an accelerating market,” the analyst commented.As a result, Shen advocates buying the dip in ENPH shares, as reiterates a Buy rating along with $30 price target, which implies shares could soar 65% in the next twelve months. (To watch Shen’s track record, click here)Like Shen, other Wall Street analysts are impressed with the energy tech company. As ENPH has earned 100% analyst support over the last three months, the word on the Street is that it’s a ‘Strong Buy’. Additionally, its $31.29 average price target indicates about 70% upside potential. (See Enphase stock analysis on TipRanks)Ciena Corporation (CIEN)Ciena supplies telecommunications networking equipment and software as well as provides various services. While it’s no question that shares have taken a beating over the last three months, several analysts maintain that big gains are in store.The company is on track to meet its full-year 2020 revenue and margin guidance thanks to its continued focus on revenue diversification. This diversification has been witnessed not only across geographic regions, but also across customer segments.On top of this, CIEN has successfully taken market share, becoming one of the top two players in the optical systems space. The other giant in the industry, Huawei, has been crippled given the fact that it’s still on the U.S. Commerce Department’s entry list, preventing the company from accessing the U.S. supply chain.This lends itself to Cowen & Co. analyst Paul Silverstein’s conclusion that the pullback represents an attractive entry point. “Significant broad-based rev diversification, ongoing share gains and focus on profitability, not just rev growth, is driving far better and more consistent, earnings power and cash flow. Investor expectations have yet to catch-up making for highly attractive risk-reward,” he explained. With this in mind, the five-star analyst remains bullish on CIEN. He even sees upside potential of 47%. (To watch Silverstein’s track record, click here)In general, the rest of the Street is also in favor of CIEN. 11 Buy ratings and 3 Holds assigned in the last three months add up to a ‘Strong Buy’ analyst consensus. At an average price target of $50.67, the potential twelve month gain comes in at 36%. (See Ciena stock analysis on TipRanks)Catalyst Pharmaceuticals (CPRX)Catalyst is a biopharma name that develops treatments for people affected by neuromuscular and neurological diseases including Lambert-Eaton myasthenic syndrome (LEMS), MuSK antibody positive myasthenia gravis (MuSK-MG), congenital myasthenic syndromes (CMS) and spinal muscular atrophy (SMA) Type 3.Analysts remind investors to look past recent weakness as its Firdapse drug, its FDA-approved therapy for LEMS in adults, still has the potential to heal share prices. Share prices are hurting partly as a result of unfavorable clinical data.On October 30, CPRX broke the news that Firdapse fell short of its primary endpoints during the Phase 3 CMS-001 study evaluating its ability to treat CMS, a group of conditions known for causing muscle weakness. Even though shares fell 13% in reaction to the findings, SunTrust Robinson analyst Edward Nash points out that this result was somewhat expected. “We are not surprised by the results give more than 50 subtypes of CMS with only 16 pts randomized in the study,” he commented.The four-star analyst adds that the drug is likely to demonstrate improved performance in treating MuSK-MG, which is set to see study enrollment completion by the end of the year. This would make top line data available in the first half of 2020, possibly driving big gains for CPRX.With Nash noting that the FDA could take a favorable stance on CPRX due to the difficult nature of the patient population, it’s no wonder he reiterated his bullish recommendation and $11 price target. This target conveys his confidence in CPRX’s ability to climb 135% higher over the next twelve months. (To watch Nash’s track record, click here)As 4 Buy ratings have been issued in the previous three months compared to no Holds or Sells, CPRX is a ‘Strong Buy’. In addition, the biopharma’s $9 average price target brings the upside potential to 91%. (See CPRX stock analysis on TipRanks)
- Zacks
Ciena (CIEN) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Ciena (CIEN) closed at $36.73, marking a -0.54% move from the previous day.
- Zacks
The Zacks Analyst Blog Highlights: Intel, Skyworks, Verizon Communications and Ciena
The Zacks Analyst Blog Highlights: Intel, Skyworks, Verizon Communications and Ciena
- Zacks
5G Stocks Set to Gain From Smart Cities' Revolution
The 5G infrastructure market could witness faster growth ahead. Now could be the right time to invest in the segment.
- Zacks
Ciena (CIEN) Gains As Market Dips: What You Should Know
Ciena (CIEN) closed the most recent trading day at $37.12, moving +0.92% from the previous trading session.
- Business Wire
Ciena Completes Upgrade of IMEWE Submarine Cable
Optical solutions and automation software enable IMEWE to meet expanding capacity requirements of the consortia
