Ciena (NYSE:CIEN) - Stock Price, News & Analysis

CIEN Stock Overview

Provides hardware and software services for delivery of video, data, and voice traffic metro, aggregation, and access communications network worldwide. More details

CIEN fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	3/6
Past Performance	0/6
Financial Health	5/6
Dividends	0/6

Rewards

Trading at 29.1% below our estimate of its fair value

Earnings are forecast to grow 39.51% per year

Risk Analysis

Large one-off items impacting financial results

Profit margins (3.4%) are lower than last year (5.2%)

Community Narratives

Create a narrative

Narratives bring a range of perspectives from our community.

WarrenAI

Based on Analyst Price Targets

WaveLogic 6 And Cloud Innovations Propel Future Revenue And Market Leadership

Key Takeaways Ciena's focus on cloud providers and AI-driven network capacity signifies potential for significant revenue growth from high-value services. Technology advancements, such as WaveLogic 6, and diversification into new customer segments position Ciena for market share gains and enhanced financial performance.

View narrative

US$65.73

5.8% overvalued

5.25%

Revenue growth p.a.

6 days ago

Ciena Corporation Competitors

Juniper Networks

NYSE:JNPR

US$11.9b

NasdaqGS:FFIV

US$14.7b

Ubiquiti

NYSE:UI

US$21.0b

Harmonic

NasdaqGS:HLIT

US$1.5b

Price History & Performance

Summary of all time highs, changes and price drops for Ciena
Historical stock prices
Current Share Price	US$69.52
52 Week High	US$73.47
52 Week Low	US$42.20
Beta	0.94
11 Month Change	8.68%
3 Month Change	25.60%
1 Year Change	48.07%
33 Year Change	13.63%
5 Year Change	100.87%
Change since IPO	-46.32%

Is There An Opportunity With Ciena Corporation's (NYSE:CIEN) 34% Undervaluation?

Oct 21

Ciena Corporation (NYSE:CIEN) Stocks Shoot Up 30% But Its P/E Still Looks Reasonable

Oct 06

Recent updates

Ciena Corporation: Hold, Financials Are Weak Amid A Decisive Technical Turn

Nov 27

The Returns On Capital At Ciena (NYSE:CIEN) Don't Inspire Confidence

Nov 21

Is Ciena (NYSE:CIEN) Using Too Much Debt?

Nov 06

Is There An Opportunity With Ciena Corporation's (NYSE:CIEN) 34% Undervaluation?

Oct 21

Ciena Corporation (NYSE:CIEN) Stocks Shoot Up 30% But Its P/E Still Looks Reasonable

Oct 06

Is It Time To Consider Buying Ciena Corporation (NYSE:CIEN)?

Sep 16

Ciena: Expecting Growth To Continue Growing From Here On

Sep 06

The Price Is Right For Ciena Corporation (NYSE:CIEN)

Aug 15

There Are Reasons To Feel Uneasy About Ciena's (NYSE:CIEN) Returns On Capital

Jul 28

Does Ciena (NYSE:CIEN) Have A Healthy Balance Sheet?

Jul 13

Ciena Corporation's (NYSE:CIEN) Intrinsic Value Is Potentially 82% Above Its Share Price

Jun 27

Ciena: Reiterate Buy Rating, Worst Of This Cycle May Be Over

Jun 19

At US$45.92, Is Ciena Corporation (NYSE:CIEN) Worth Looking At Closely?

Jun 12

Why Ciena Soared And Then Slumped After Q2 2024 Earnings

Jun 10

Returns On Capital At Ciena (NYSE:CIEN) Have Stalled

Apr 27

Investors Still Waiting For A Pull Back In Ciena Corporation (NYSE:CIEN)

Apr 07

Ciena's Large Legacy Business Weighing On Near-Term Growth And Sentiment

Apr 05

Shareholders Can Be Confident That Ciena's (NYSE:CIEN) Earnings Are High Quality

Mar 20

Is Ciena (NYSE:CIEN) A Risky Investment?

Mar 05

Is Now An Opportune Moment To Examine Ciena Corporation (NYSE:CIEN)?

Jan 29

Ciena (NYSE:CIEN) Has More To Do To Multiply In Value Going Forward

Dec 24

Ciena: Technological Leader In A Secular Growth Market

Dec 19

Ciena (NYSE:CIEN) Seems To Use Debt Quite Sensibly

Nov 19

Ciena: Capitalizing On Growing Demand Drivers

Nov 01

Ciena Corporation (NYSE:CIEN) Shares Could Be 29% Above Their Intrinsic Value Estimate

Nov 01

Ciena: Path To Recovery But Undervalued By The Market

Oct 16

Ciena (NYSE:CIEN) Has Some Way To Go To Become A Multi-Bagger

Sep 25

Is Now The Time To Look At Buying Ciena Corporation (NYSE:CIEN)?

Sep 04

Ciena Guidance Helps Ease Some Fears, But Near-Term Demand Is Likely To Be Choppy

Aug 31

Does Ciena (NYSE:CIEN) Have A Healthy Balance Sheet?

Aug 16

A Look At The Fair Value Of Ciena Corporation (NYSE:CIEN)

Jul 31

Ciena: Supply Chain Improving Faster Than Expected Makes It A Buy

Jul 21

Ciena (NYSE:CIEN) Has More To Do To Multiply In Value Going Forward

Jun 10

Ciena Hit Hard On Softer Short-Term Demand Trends

Jun 07

Is There Now An Opportunity In Ciena Corporation (NYSE:CIEN)?

May 25

Is Ciena (NYSE:CIEN) Using Too Much Debt?

May 10

Is There An Opportunity With Ciena Corporation's (NYSE:CIEN) 44% Undervaluation?

Mar 13

Ciena's (NYSE:CIEN) Returns Have Hit A Wall

Feb 26

Is Now The Time To Look At Buying Ciena Corporation (NYSE:CIEN)?

Feb 09

Here's Why Ciena (NYSE:CIEN) Can Manage Its Debt Responsibly

Dec 24

Ciena FQ4 2022 Earnings Preview

Dec 07

Ciena Needs More Chips To Pull Out Of The Dip

Nov 16

Shareholder Returns

	CIEN	US Communications	US Market
7D	-0.9%	1.3%	0.7%
1Y	48.1%	44.4%	32.2%

Return vs Industry: CIEN exceeded the US Communications industry which returned 43.9% over the past year.

Return vs Market: CIEN exceeded the US Market which returned 31.9% over the past year.

Price Volatility

Is CIEN's price volatile compared to industry and market?
CIEN volatility
CIEN Average Weekly Movement	5.1%
Communications Industry Average Movement	6.5%
Market Average Movement	6.3%
10% most volatile stocks in US Market	16.4%
10% least volatile stocks in US Market	3.1%

Stable Share Price: CIEN has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: CIEN's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1992	8,398	Gary Smith	www.ciena.com

Ciena Corporation provides hardware and software services for delivery of video, data, and voice traffic metro, aggregation, and access communications network worldwide. The company’s Networking Platforms segment offers convergence of coherent optical transport, open optical networking, optical transport network switching, IP routing, and switching services. Its products include 6500 Packet-Optical Platform, Waveserver stackable interconnect system, and the 6500 Reconfigurable line system, and the 5400 family of Packet-Optical platforms, as well as 8100 coherent routing platforms; 3000 family of service delivery switches and the 5000 family of service aggregation switches, as well as 8700 Packetwave Platform and 6500 Packet Transport System.

Ciena Corporation Fundamentals Summary

How do Ciena's earnings and revenue compare to its market cap?
CIEN fundamental statistics
Market cap	US$10.07b
Earnings (TTM)	US$138.13m
Revenue (TTM)	US$4.02b

72.7x

P/E Ratio

2.5x

P/S Ratio

Is CIEN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CIEN income statement (TTM)
Revenue	US$4.02b
Cost of Revenue	US$2.27b
Gross Profit	US$1.75b
Other Expenses	US$1.61b
Earnings	US$138.13m

Last Reported Earnings

Jul 27, 2024

Next Earnings Date

Dec 12, 2024

Earnings per share (EPS)	0.96
Gross Margin	43.43%
Net Profit Margin	3.44%
Debt/Equity Ratio	53.6%

How did CIEN perform over the long term?

See historical performance and comparison

CIEN Stock Overview

Rewards

Risk Analysis

WaveLogic 6 And Cloud Innovations Propel Future Revenue And Market Leadership

Ciena Corporation Competitors

NYSE:JNPR

US$11.9b

NasdaqGS:FFIV

US$14.7b

NYSE:UI

US$21.0b

NasdaqGS:HLIT

US$1.5b

Price History & Performance

Recent News & Updates

Ciena Corporation: Hold, Financials Are Weak Amid A Decisive Technical Turn

The Returns On Capital At Ciena (NYSE:CIEN) Don't Inspire Confidence

Ciena Corporation to Report Q4, 2024 Results on Dec 12, 2024

Is Ciena (NYSE:CIEN) Using Too Much Debt?

Is There An Opportunity With Ciena Corporation's (NYSE:CIEN) 34% Undervaluation?

Ciena Corporation (NYSE:CIEN) Stocks Shoot Up 30% But Its P/E Still Looks Reasonable

Recent updates

Ciena Corporation: Hold, Financials Are Weak Amid A Decisive Technical Turn

The Returns On Capital At Ciena (NYSE:CIEN) Don't Inspire Confidence

Ciena Corporation to Report Q4, 2024 Results on Dec 12, 2024

Is Ciena (NYSE:CIEN) Using Too Much Debt?

Is There An Opportunity With Ciena Corporation's (NYSE:CIEN) 34% Undervaluation?

Ciena Corporation (NYSE:CIEN) Stocks Shoot Up 30% But Its P/E Still Looks Reasonable

Ciena Corporation (NYSE:CIEN) announces an Equity Buyback for $1,000 million worth of its shares.

Price target increased by 9.5% to US$62.13

Is It Time To Consider Buying Ciena Corporation (NYSE:CIEN)?

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

Ciena: Expecting Growth To Continue Growing From Here On

Ciena Corporation Announces Retirement of James E. Moylan, Jr as Chief Financial Officer, Effective August 28, 2025

The Price Is Right For Ciena Corporation (NYSE:CIEN)

Ciena Corporation to Report Q3, 2024 Results on Sep 04, 2024

There Are Reasons To Feel Uneasy About Ciena's (NYSE:CIEN) Returns On Capital

Does Ciena (NYSE:CIEN) Have A Healthy Balance Sheet?

Ciena Corporation's (NYSE:CIEN) Intrinsic Value Is Potentially 82% Above Its Share Price

Ciena: Reiterate Buy Rating, Worst Of This Cycle May Be Over

Consensus EPS estimates fall by 41%

At US$45.92, Is Ciena Corporation (NYSE:CIEN) Worth Looking At Closely?

Why Ciena Soared And Then Slumped After Q2 2024 Earnings

Second quarter 2024 earnings released: US$0.12 loss per share (vs US$0.39 profit in 2Q 2023)

Ciena Corporation to Report Q2, 2024 Results on Jun 06, 2024

Returns On Capital At Ciena (NYSE:CIEN) Have Stalled

Investors Still Waiting For A Pull Back In Ciena Corporation (NYSE:CIEN)

Ciena's Large Legacy Business Weighing On Near-Term Growth And Sentiment

Shareholders Can Be Confident That Ciena's (NYSE:CIEN) Earnings Are High Quality

CEO, President & Director notifies of intention to sell stock

Consensus EPS estimates fall by 36%

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Is Ciena (NYSE:CIEN) A Risky Investment?

Ciena Corporation, Annual General Meeting, Mar 21, 2024

Ciena Corporation to Report Q1, 2024 Results on Mar 07, 2024

Is Now An Opportune Moment To Examine Ciena Corporation (NYSE:CIEN)?

Insider notifies of intention to sell stock

Ciena (NYSE:CIEN) Has More To Do To Multiply In Value Going Forward

Ciena: Technological Leader In A Secular Growth Market

CEO, President & Director notifies of intention to sell stock

Consensus EPS estimates fall by 35%

Now 21% undervalued after recent price drop

Second quarter 2023 earnings released: EPS: US$0.39 (vs US$0.26 in 2Q 2022)

Ciena (NYSE:CIEN) Seems To Use Debt Quite Sensibly

Ciena Corporation to Report Q4, 2023 Results on Dec 07, 2023

Ciena: Capitalizing On Growing Demand Drivers

Ciena Corporation (NYSE:CIEN) Shares Could Be 29% Above Their Intrinsic Value Estimate

Ciena: Path To Recovery But Undervalued By The Market

Ciena Corporation Appoints Dino Diperna and Brodie Gage to Executive Leadership Team

Ciena (NYSE:CIEN) Has Some Way To Go To Become A Multi-Bagger

CEO, President & Director notifies of intention to sell stock

Consensus EPS estimates fall by 28%

Is Now The Time To Look At Buying Ciena Corporation (NYSE:CIEN)?

Ciena Appoints Mary G. Puma to its Board of Directors

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Ciena Guidance Helps Ease Some Fears, But Near-Term Demand Is Likely To Be Choppy

Does Ciena (NYSE:CIEN) Have A Healthy Balance Sheet?

Ciena Corporation to Report Q3, 2023 Results on Aug 31, 2023

A Look At The Fair Value Of Ciena Corporation (NYSE:CIEN)

Ciena: Supply Chain Improving Faster Than Expected Makes It A Buy