CIEN stock icon

Ciena
CIEN

$48.45
3.17%
 

About: Ciena Corp is a network and technology company. It provides network hardware, software, and services that support the transport, switching, aggregation, service delivery, and management of video, data, and voice traffic on communications networks. It serves various industries such as communication services providers, web-scale providers, cable operators, government, and large enterprises world-wide. The business activities function through Networking Platforms; Platform Software and Services; Blue Planet Automation Software, and Global Services segments. Geographically, its presence is seen in the markets of the United States, Canada, the Caribbean, Latin America, Europe, the Middle East, Africa, the Asia Pacific, Japan, and India. The maximum revenue is generated from Americas.

Employees: 8,483

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 19 analysts
0
News positive %
of 18 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

170% more call options, than puts

Call options by funds: $153M | Put options by funds: $56.6M

23% more first-time investments, than exits

New positions opened: 74 | Existing positions closed: 60

13% more capital invested

Capital invested by funds: $5.99B [Q4 2023] → $6.77B (+$778M) [Q1 2024]

3% more funds holding

Funds holding: 440 [Q4 2023] → 454 (+14) [Q1 2024]

2.93% more ownership

Funds ownership: 91.78% [Q4 2023] → 94.71% (+2.93%) [Q1 2024]

17% less funds holding in top 10

Funds holding in top 10: 6 [Q4 2023] → 5 (-1) [Q1 2024]

39% less repeat investments, than reductions

Existing positions increased: 116 | Existing positions reduced: 191

Research analyst outlook

19 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$44
9%
downside
Avg. target
$59
22%
upside
High target
$67
38%
upside

19 analyst ratings

16 positive
84%
neutral
11%
negative
5%
Morgan Stanley
Meta Marshall
14%upside
$55
Overweight
Upgraded
12 Jun 2024
Barclays
Tim Long
14%upside
$55
Overweight
Maintained
7 Jun 2024
B. Riley Securities
Dave Kang
36%upside
$66
Buy
Maintained
7 Jun 2024
Rosenblatt
Mike Genovese
11%upside
$54
Neutral
Maintained
7 Jun 2024
Needham
Ryan Koontz
24%upside
$60
Buy
Maintained
7 Jun 2024

Financial journalist opinion

Based on 18 articles about CIEN published over the past 30 days