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CIEN

CIEN - Ciena Corp Stock Price, Fair Value and News

48.44USD+1.48 (+3.15%)Market Closed

Market Summary

CIEN
USD48.44+1.48
Market Closed
3.15%

CIEN Alerts

  • 2 major insider sales recently.
  • Big fall in Revenue (Y/Y)
  • Big fall in earnings (Y/Y)
  • Losses in recent quarter

CIEN Stock Price

View Fullscreen

CIEN RSI Chart

CIEN Valuation

Market Cap

7.0B

Price/Earnings (Trailing)

45.31

Price/Sales (Trailing)

1.68

EV/EBITDA

19.53

Price/Free Cashflow

15.57

CIEN Price/Sales (Trailing)

CIEN Profitability

EBT Margin

4.59%

Return on Equity

5.33%

Return on Assets

2.74%

Free Cashflow Yield

6.42%

CIEN Fundamentals

CIEN Revenue

Revenue (TTM)

4.1B

Rev. Growth (Yr)

-19.58%

Rev. Growth (Qtr)

-12.23%

CIEN Earnings

Earnings (TTM)

153.6M

Earnings Growth (Yr)

-129.22%

Earnings Growth (Qtr)

-134.01%

Breaking Down CIEN Revenue

Last 7 days

3.7%

Last 30 days

-2.3%

Last 90 days

-4.9%

Trailing 12 Months

16.7%

How does CIEN drawdown profile look like?

CIEN Financial Health

Current Ratio

3.88

Debt/Equity

0.53

Debt/Cashflow

0.34

CIEN Investor Care

Buy Backs (1Y)

3.88%

Diluted EPS (TTM)

1.04

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20244.4B4.1B00
20233.8B4.0B4.2B4.4B
20223.7B3.8B3.7B3.6B
20213.5B3.4B3.4B3.6B
20203.6B3.7B3.7B3.5B
20193.2B3.4B3.5B3.6B
20182.8B2.8B2.9B3.1B
20172.6B2.7B2.8B2.8B
20162.5B2.5B2.6B2.6B
20152.3B2.3B2.3B2.4B
20142.2B2.2B2.3B2.3B
20131.9B1.9B2.0B2.1B
20121.7B1.8B1.8B1.8B
20111.5B1.7B1.7B1.7B
2010798.6M944.6M1.1B1.2B
200900777.5M652.6M
2008000902.4M
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Tracking the Latest Insider Buys and Sells of Ciena Corp

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Jun 17, 2024
cumello joseph
sold
-59,358
46.05
-1,289
svp, general mgr. blue planet
Jun 17, 2024
rothenstein david m
sold
-161,175
46.05
-3,500
svp and chief strategy officer
Jun 03, 2024
smith gary b
sold
-199,927
47.9901
-4,166
president, ceo
May 15, 2024
cumello joseph
sold
-63,112
49.00
-1,288
svp, general mgr. blue planet
May 15, 2024
smith gary b
sold
-204,809
49.1621
-4,166
president, ceo
May 15, 2024
rothenstein david m
sold
-171,500
49.00
-3,500
svp and chief strategy officer
May 01, 2024
smith gary b
sold
-194,366
46.6552
-4,166
president, ceo

1–10 of 50

Which funds bought or sold CIEN recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Jun 21, 2024
Cape Investment Advisory, Inc.
unchanged
-
950
10,582
-%
Jun 11, 2024
EverSource Wealth Advisors, LLC
reduced
-8.93
-2,509
36,290
-%
May 30, 2024
CAMBRIDGE TRUST CO
unchanged
-
1,332
14,835
-%
May 28, 2024
Boston Partners
reduced
-6.98
215,559
10,548,100
0.01%
May 28, 2024
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
unchanged
-
215,000
2,403,000
0.02%
May 24, 2024
Cetera Investment Advisers
new
-
428,286
428,286
-%
May 22, 2024
BURNEY CO/
reduced
-8.61
3,980
984,253
0.04%
May 21, 2024
LRI Investments, LLC
new
-
2,522
2,522
-%
May 20, 2024
Virtu Financial LLC
new
-
341,000
341,000
0.03%
May 17, 2024
Rokos Capital Management LLP
added
118
44,010,600
75,378,200
0.40%

1–10 of 38

Are Funds Buying or Selling CIEN?

Are funds buying CIEN calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own CIEN
No. of Funds

Unveiling Ciena Corp's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2024
vanguard group inc
10.37%
15,026,070
SC 13G/A
Feb 12, 2024
fmr llc
-
0
SC 13G/A
Feb 09, 2024
fmr llc
-
0
SC 13G/A
Jan 30, 2024
blackrock inc.
11.3%
16,296,261
SC 13G/A
Jun 09, 2023
vanguard group inc
10.03%
14,954,778
SC 13G/A
Feb 09, 2023
fmr llc
-
0
SC 13G/A
Feb 09, 2023
vanguard group inc
9.66%
14,343,173
SC 13G/A
Jan 26, 2023
blackrock inc.
11.5%
17,139,924
SC 13G/A
Jan 20, 2023
blackrock inc.
11.5%
17,139,924
SC 13G
Feb 09, 2022
vanguard group inc
9.39%
14,549,184
SC 13G/A

Recent SEC filings of Ciena Corp

View All Filings
Date Filed Form Type Document
Jun 21, 2024
4
Insider Trading
Jun 21, 2024
4
Insider Trading
Jun 17, 2024
144
Notice of Insider Sale Intent
Jun 17, 2024
144
Notice of Insider Sale Intent
Jun 17, 2024
144
Notice of Insider Sale Intent
Jun 06, 2024
10-Q
Quarterly Report
Jun 06, 2024
8-K
Current Report
Jun 05, 2024
4
Insider Trading
May 30, 2024
SD
SD
May 22, 2024
144
Notice of Insider Sale Intent

Peers (Alternatives to Ciena Corp)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
190.5B
55.4B
-0.32% -7.51%
15.72
3.44
0.85% 5.63%
105.6B
6.1B
6.48% 119.92%
46.14
17.37
25.22% 50.89%
35.6B
53.0B
10.18% 22.05%
11.98
0.67
-5.57% 13.23%
27.2B
29.1B
15.10% 24.49%
12.51
0.87
2.24% 133.29%
14.7B
4.3B
1.39% 72.45%
24.08
3.43
-5.30% 67.91%
11.6B
5.3B
2.94% 16.78%
51.79
2.17
-2.96% -55.26%
MID-CAP
8.7B
1.9B
-5.75% -18.05%
24.77
4.53
1.03% -11.76%
3.9B
2.4B
-1.24% 0.58%
17.82
1.61
-8.79% -23.10%
3.3B
1.4B
6.86% -14.16%
-9.28
2.31
-21.81% -865.12%
SMALL-CAP
1.6B
1.2B
10.95% -47.73%
-259.94
1.34
-0.19% -110.91%
419.3M
1.1B
-0.56% -47.68%
-0.76
0.4
-12.01% -1246.95%
353.3M
205.3M
-24.21% 140.85%
-5.61
1.72
-8.19% 5.55%
112.3M
145.6M
-11.65% 0.95%
22.33
0.77
-0.89% 63.00%
68.1M
53.8M
19.25% 22.96%
-5.66
1.27
-28.06% -33.67%
12.8M
29.9M
-58.06% -95.67%
-0.17
0.43
39.86% -24.01%

Ciena Corp News

Latest updates
Defense World10 hours ago
Yahoo Finance Australia19 Jun 202410:55 am
The Motley Fool3 months ago

Ciena Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q22024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q2
Revenue-12.2%9111,0381,1291,0681,1331,0579718689498441,041988834757828977894833968961865
Gross Profit-16.8%389467486449488456434341402384477475412358404465413371420424375
Operating Expenses2.7%393382395371385371356314343324340326279282311277286293326299294
  S&GA Expenses-3.2%12412812411812512412210612011913011511097.0011395.00101107117104104
  R&D Expenses4.3%195187189189190182167150159148147146110133137130132131142140138
EBITDA Margin-17.2%0.09*0.11*0.11*0.12*0.11*0.10*0.09*0.10*0.13*0.16*0.16*0.16*---------
Interest Expenses0.4%24.0024.0024.0024.0024.0016.0014.0013.0012.009.008.008.008.007.007.007.008.009.009.009.009.00
Income Taxes-96.3%1.0022.00-20.6835.0030.0025.008.004.008.009.0026.00-96.6921.0012.0021.0039.0025.0010.003.0030.0018.00
Earnings Before Taxes-122.4%-16.0372.0071.0064.0087.0010165.0015.0047.0055.0012914212567.0086.0018111772.0083.0011771.00
EBT Margin-31.8%0.05*0.07*0.07*0.08*0.07*0.06*0.05*0.07*0.10*0.12*0.13*0.12*---------
Net Income-134.0%-16.8550.0091.0030.0058.0076.0058.0011.0039.0046.0010323810355.0065.0014292.0062.0080.0087.0053.00
Net Income Margin-29.1%0.04*0.05*0.06*0.05*0.05*0.05*0.04*0.05*0.11*0.13*0.14*0.14*---------
Free Cashflow-83.3%42.00249173-16.70202-295-38.42-22787.00-80.2124353.00---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q22024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q2
Assets0.4%5,6155,5935,6015,7235,7765,6725,0704,9014,9644,9004,8654,6564,3884,1874,1814,0553,8573,8313,8933,7763,687
  Current Assets-1.9%3,5413,6093,5763,8113,8693,7633,3863,1883,2293,1643,1892,9842,7942,5972,6112,5682,3402,2662,3822,2912,178
    Cash Equivalents-13.7%1,0911,2651,0111,1181,1681,0559948601,0201,1191,4231,2311,2031,0291,0891,094888837904725699
  Inventory3.8%1,0239851,0511,1931,0981,178947827537458374370401390344364326343345357359
  Net PPE-------------------287281282
  Goodwill0.0%44544544544744644732832932932318.0031231231131131131031113.00298298
Liabilities2.4%2,7352,6702,7532,7762,8672,8342,3572,2332,1822,0861,8451,7321,6951,6001,6711,6261,6161,6371,7211,6561,624
  Current Liabilities8.4%9128419329661,0581,0181,041915869760909827783685761720713733846791769
  Long Term Debt-0.2%1,5411,5431,5431,5441,5461,5471,061---670---676---680--
    LT Debt, Current0%12.0012.0012.0012.0012.0012.007.00---7.00---7.00---7.00--
    LT Debt, Non Current-100.0%-1,5431,5431,5441,5461,5471,061---670---676---680--
Shareholder's Equity-1.5%2,8802,9232,8482,9472,9092,8382,7132,6682,7822,8153,0202,9242,6932,5872,5102,4292,2412,1942,1732,1192,063
  Retained Earnings-0.5%-3,344-3,327-3,377-3,468-3,498-3,555-3,632-3,689-3,700-3,739-3,785-3,888-4,126-4,229-4,283-4,348-4,490-4,582-4,644-4,724-4,811
  Additional Paid-In Capital-0.5%6,2456,2756,2626,4266,4456,4226,3906,3786,4976,5676,8036,8166,8136,8266,8276,8166,7916,8026,8386,8666,892
Shares Outstanding-0.5%144145145149149149148150152154155155---------
Float-----6,800---8,300---7,800---7,100---6,000
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q22024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q2
Cashflow From Operations-78.0%58.002661959.00230-265-14.51-205107-54.4125569.00225-7.3218717591.0040.0024083.00104
  Share Based Compensation6.4%40.0038.0035.0033.0032.0031.0027.0027.0027.0024.0021.0022.0022.0019.0017.0017.0018.0016.0015.0015.0016.00
Cashflow From Investing-964.9%-15618.00-98.12-8.07-101-176186196-102-380-24.60-17.94-13.85-34.32-18322.00-3.56-54.93-11.70-13.89-19.75
Cashflow From Financing-110.6%-73.12-34.72-197-53.03-12.62492-23.03-147-97.58135-36.65-22.35-37.20-20.63-8.475.00-32.92-51.02-49.03-43.76-53.56
  Buy Backs48.2%57.0038.0018458.00--13.0015583.00250-----------
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CIEN Income Statement

2024-04-27
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended6 Months Ended
Apr. 27, 2024
Apr. 29, 2023
Apr. 27, 2024
Apr. 29, 2023
Revenue:    
Total revenue$ 910,826$ 1,132,655$ 1,948,535$ 2,189,176
Cost of goods sold:    
Total cost of goods sold522,165644,9721,092,9121,245,547
Gross profit388,661487,683855,623943,629
Operating expenses:    
Research and development195,380189,993382,649371,723
Selling and marketing124,071125,083252,229248,890
General and administrative49,57350,939104,256101,835
Significant asset impairments and restructuring costs15,6558,15320,62612,451
Amortization of intangible assets7,9479,84515,19917,286
Acquisition and integration costs085703,415
Total operating expenses392,626384,870774,959755,600
Income (loss) from operations(3,965)102,81380,664188,029
Interest and other income, net11,7978,55122,44740,524
Interest expense(23,861)(23,889)(47,637)(39,759)
Income (loss) before income taxes(16,029)87,47555,474188,794
Provision for income taxes82029,82122,77654,899
Net income (loss)$ (16,849)$ 57,654$ 32,698$ 133,895
Basic net income (loss) per common share (in dollars per share)$ (0.12)$ 0.39$ 0.23$ 0.90
Diluted net income (loss) per potential common share (in dollars per share)$ (0.12)$ 0.38$ 0.22$ 0.89
Weighted average basic common shares outstanding (in shares)144,914149,616145,104149,351
Weighted average dilutive potential common shares outstanding (in shares)144,914150,147146,059149,852
Products    
Revenue:    
Total revenue$ 701,316$ 935,330$ 1,537,093$ 1,813,045
Cost of goods sold:    
Total cost of goods sold415,732541,883882,2041,042,220
Services    
Revenue:    
Total revenue209,510197,325411,442376,131
Cost of goods sold:    
Total cost of goods sold$ 106,433$ 103,089$ 210,708$ 203,327

CIEN Balance Sheet

2024-04-27
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Apr. 27, 2024
Oct. 28, 2023
Current assets:  
Cash and cash equivalents$ 1,091,289$ 1,010,618
Short-term investments165,620104,753
Accounts receivable, net of allowance for credit losses of $11.4 million and $11.7 million as of April 27, 2024 and October 28, 2023, respectively.840,1311,003,876
Inventories, net1,022,6151,050,838
Prepaid expenses and other421,692405,694
Total current assets3,541,3473,575,779
Long-term investments165,960134,278
Equipment, building, furniture and fixtures, net274,353280,147
Operating right-of-use assets30,21035,140
Goodwill444,917444,765
Other intangible assets, net184,941205,627
Deferred tax asset, net821,879809,306
Other long-term assets151,196116,453
Total assets5,614,8035,601,495
Current liabilities:  
Accounts payable332,106317,828
Accrued liabilities and other short-term obligations355,258431,419
Deferred revenue196,989154,419
Operating lease liabilities16,13816,655
Current portion of long-term debt11,70011,700
Total current liabilities912,191932,021
Long-term deferred revenue80,36574,041
Other long-term obligations172,839170,407
Long-term operating lease liabilities28,51333,259
Long-term debt, net1,540,6391,543,406
Total liabilities2,734,5472,753,134
Commitments and contingencies (Note 19)
Stockholders’ equity:  
Preferred stock – par value $0.01; 20,000,000 shares authorized; zero shares issued and outstanding00
Common stock – par value $0.01; 290,000,000 shares authorized; 144,199,201 and 144,829,938 shares issued and outstanding1,4421,448
Additional paid-in capital6,245,2486,262,083
Accumulated other comprehensive loss(21,729)(37,767)
Accumulated deficit(3,344,705)(3,377,403)
Total stockholders’ equity2,880,2562,848,361
Total liabilities and stockholders’ equity$ 5,614,803$ 5,601,495
CIEN
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, IP routing, and switching services. Its products include 6500 Packet-Optical Platform, 5400 Reconfigurable Switching System, Waveserver stackable interconnect system, and the 6500 Reconfigurable line system, and the 5400 family of Packet-Optical platforms, as well as Z-Series Packet-Optical Platform; 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. This segment also sells operating system software and enhanced software features embedded in each of its products. The company's Blue Planet Automation Software and Services segment provides multi-domain service orchestration, inventory, route optimization and analysis, network function virtualization orchestration, analytics, and related services. Its Platform Software and Service segment offers OneControl unified management system that support network solutions. The company's Global Services segment provides consulting and network design, installation and deployment, maintenance support, and training services. Ciena Corporation was incorporated in 1992 and is headquartered in Hanover, Maryland.
 CEO
 WEBSITEciena.com
 INDUSTRYComputer Hardware
 EMPLOYEES8623

Ciena Corp Frequently Asked Questions


What is the ticker symbol for Ciena Corp? What does CIEN stand for in stocks?

CIEN is the stock ticker symbol of Ciena Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Ciena Corp (CIEN)?

As of Fri Jun 21 2024, market cap of Ciena Corp is 6.96 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of CIEN stock?

You can check CIEN's fair value in chart for subscribers.

What is the fair value of CIEN stock?

You can check CIEN's fair value in chart for subscribers. The fair value of Ciena Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Ciena Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for CIEN so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Ciena Corp a good stock to buy?

The fair value guage provides a quick view whether CIEN is over valued or under valued. Whether Ciena Corp is cheap or expensive depends on the assumptions which impact Ciena Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for CIEN.

What is Ciena Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri Jun 21 2024, CIEN's PE ratio (Price to Earnings) is 45.31 and Price to Sales (PS) ratio is 1.68. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. CIEN PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Ciena Corp's stock?

In the past 10 years, Ciena Corp has provided 0.084 (multiply by 100 for percentage) rate of return.