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Ciena Corporation (NYSE:CIEN)
Stock Analysis

CIEN52.52
▲ 1.1%0.57

Stock Analysis

The following stock analysis is based on 10.5 years of data (i.e. since Oct 09, 2012). All the stock history has been downloaded.

Stock Exchange

Ciena Corporation trades on the NYSE exchange in USD dollars.

Sector

It is in the sector.

Current Status of Ciena Corporation

It is currently trading at $52.52 ($51.95 the previous day).

Financials

The next reporting date is in 61 days (2023 06 01).

CNN estimates profits for the upcoming quarter will be $0.60 per share ($1.1B). The current Canada / US exchange rate is 1.3511.



Over the past 12 months, $0 worth of shares have been purchased and $11709221 worth of shares have been sold by insiders.

Will This Trend Continue?

The year over year average increase is 13.5% per year assuming steady exponential growth. The actual 5 year average is 17.82. Details on the individual increase in one year intervals is provided below.

Past PerformanceAverage PricePercent Change
1 year49.248933333333-15.5- Below Average
2 year58.25587209302315.8- Below Average
3 year50.32876105263224.4+ Above Average
4 year40.45521643835629.5+ Above Average
5 year31.23988593155934.9+ Above Average
Ciena Corporation is projected by analysts to get to $65.50 within the next 12 months (24.7%), but preticted targets range from as high as $86.00 (63.7%) and as low as $45(-14.3%).

Risk

The worst drop it has had in recent years is -48.8%. It has a shape to the stock curve, which means

Stock shape test

DAYS AG0PRICE
1049.78RISING
3047.97RISING
6049.99DROPPING
15043.105RISING
36560.34DROPPING
80053.47RISING
120034.69RISING
160034.67RISING
200022.1RISING


With an average increase of 13.5% year over year, if Ciena Corporation is bought at the worst time, Stockmarketizer analysts estimate it will take 43.4 months before the stock will recover to the original purchase price. The P/E value is 41.03.

Tradingview BuySell Widget

Yahoo News Feed

Earnings Estimates Rising for Ciena (CIEN): Will It Gain?

Thu, 30 Mar 2023 16:20:04 Ciena (CIEN) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.... Read Full Article

These Are The 5 Best Stocks To Buy And Watch Now

Wed, 29 Mar 2023 19:02:04 Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. So what are the best stocks to buy now or put on a watchlist?... Read Full Article

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Ciena Is Taking On Cisco And Huawei In This New Router Market

Tue, 28 Mar 2023 20:32:25 Ciena's entry into the edge router market for telecom firms will be a catalyst for shares, said one analyst who upgraded the stock.... Read Full Article

Ciena (NYSE:CIEN) May Have Issues Allocating Its Capital

Mon, 20 Mar 2023 13:17:05 If you're looking for a multi-bagger, there's a few things to keep an eye out for. One common approach is to try and...... Read Full Article

1 Exceptional Growth Stock That's Set to Shoot Higher

Thu, 16 Mar 2023 13:05:00 Optical networking equipment company Ciena (NYSE: CIEN) has turned out to be a solid investment over the past six months as its shares gained 16% amid improving business conditions. Let's take a closer look at Ciena's latest quarterly report and check ...... Read Full Article

Ciena (CIEN) Solutions Being Leveraged by Colt Technology

Wed, 15 Mar 2023 12:54:12 Ciena's (CIEN) Waveserver 5 and MCP domain controller used by Colt Technology to upgrade its network capacity.... Read Full Article

Ciena Supports Colt’s Launch of Long-Haul Networking Services in Japan

Tue, 14 Mar 2023 13:00:00 TOKYO, March 14, 2023--With the latest in coherent technology from Ciena, Colt IQ Network boasts improved scalability, flexibility, and programmability.... Read Full Article

Ciena (CIEN) Q1 Earnings and Revenues Top Estimates, Up Y/Y

Wed, 08 Mar 2023 14:53:02 Ciena's (CIEN) Q1 revenues benefit from robust customer demand amid easing supply-chain troubles.... Read Full Article

Ciena Corporation (NYSE:CIEN) Q1 2023 Earnings Call Transcript

Wed, 08 Mar 2023 14:06:00 Ciena Corporation (NYSE:CIEN) Q1 2023 Earnings Call Transcript March 6, 2023 Operator: Good day, and welcome to the Ciena’s Fiscal First Quarter 2023 Financial Results Conference Call. Please note this event is being recorded. I would now like to turn the conference ...... Read Full Article

ASE Reduces Cable Power Consumption by 60% with Ciena

Wed, 08 Mar 2023 14:00:00 HANOVER, Md., March 08, 2023--Upgrades by Ciena have helped ASE be greener, enabling close to triple cable design capacity and massive reductions in power consumption... Read Full Article

Ciena Stock Earns Relative Strength Rating Upgrade

Tue, 07 Mar 2023 19:09:00 A Relative Strength Rating upgrade for Ciena shows improving technical performance. Will it continue?... Read Full Article

Company News for Mar 7, 2023

Tue, 07 Mar 2023 14:35:02 Companies in The News Are: CIEN,BBIO,BA,SNAP... Read Full Article

Q1 2023 Ciena Corp Earnings Call

Tue, 07 Mar 2023 04:11:55 Q1 2023 Ciena Corp Earnings Call... Read Full Article

Fiber-Optic Network Gear Maker Expects Market Share Gains

Mon, 06 Mar 2023 21:41:03 Ciena reported January-quarter profit and revenue that topped analyst estimates as supply chain problems eased.... Read Full Article

These Stocks Are Moving the Most Today: Tesla, Apple, Snap, Lordstown, Ciena, and More

Mon, 06 Mar 2023 21:06:00 Tesla cuts U.S. prices on the Model S and Model X, while Apple stock is initiated at Buy by analysts at Goldman Sachs.... Read Full Article

Stock Market Backtracks Ahead Of Powell's Testimony; Cloud Network Stock Nears 52-Week High

Mon, 06 Mar 2023 18:45:11 The stock market gives back some earlier gains. Cloud network stock Arista Networks is near a 52-week high and a key level on its chart.... Read Full Article

Ciena Smashes Earnings Expectations. It’s a Story of Improving Supply, CEO Says.

Mon, 06 Mar 2023 16:17:00 The communications and network infrastructure provider posts record revenue of $1.06 billion for the quarter ended in January and lifts full-year guidance.... Read Full Article

Ciena Clocks 25% Topline Growth In Q1; Set For Market Share Gains Backed By Easing Supply Chain And Demand

Mon, 06 Mar 2023 15:26:32 Ciena Corp (NYSE: CIEN) reported a first-quarter FY23 revenue growth of 25.1% year-on-year to $1.057 billion, beating the consensus of $959.4 million. Segments: Total Networking Platforms revenue grew by 36.5% Y/Y to $855.1 million, and Total Global Services decreased by 9% Y/Y to $112.6 million. ...... Read Full Article

Ciena stock surges on Q1 earnings beat

Mon, 06 Mar 2023 14:46:43 Yahoo Finance Live anchors Julie Hyman and Jared Blikre discuss Ciena quarterly earnings.... Read Full Article
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