Ciena
CIEN

$50.16

0.66%

Market Cap: 7.21B

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

Communication Services Telephone & Telegraph Apparatus

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 17 analysts

0

News positive %

of 4 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

See Fund Rankings

Research analyst outlook

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

Low target

$44

12%

downside

Avg. target

$59

19%

upside

High target

$67

34%

upside

17 analyst ratings

14 positive

82%

2 neutral

12%

1 negative

6%

Morgan Stanley Meta Marshall	10%upside $55	Overweight Upgraded	12 Jun 2024
Barclays Tim Long	10%upside $55	Overweight Maintained	7 Jun 2024
B. Riley Securities Dave Kang	32%upside $66	Buy Maintained	7 Jun 2024
Rosenblatt Mike Genovese	8%upside $54	Neutral Maintained	7 Jun 2024
Needham Ryan Koontz	20%upside $60	Buy Maintained	7 Jun 2024

See Analyst Rankings

Financial journalist opinion

Based on 4 articles about CIEN published over the past 30 days

5 Tech Stocks Set To Gain From US Chip Crackdown On China: JPMorgan

The Biden administration's escalating restrictions on China's access to high-end semiconductors and technology, along with the potential for higher tariffs under future administrations, have stirred significant concern among investors.

5 Tech Stocks Set To Gain From US Chip Crackdown On China: JPMorgan

Zacks Investment Research

Ciena's (CIEN) XGS-PON Solution Boosts Connectivity in Norway

Sodvin AS taps Ciena's (CIEN) XGS-PON solution to deliver broadband services with a superfast speed of 10 Gb/s PON across the Trondelag region of Norway.

Ciena's (CIEN) XGS-PON Solution Boosts Connectivity in Norway

Sodvin AS Improves Broadband Services in the Nordics With Ciena's XGS-PON

HEIM, Norway & HANOVER, Md.--(BUSINESS WIRE)--Sodvin is leveraging Ciena's broadband solution to improve the capacity and reach of its residential broadband services in Trøndelag county, Norway.

Sodvin AS Improves Broadband Services in the Nordics With Ciena's XGS-PON

Infinera Stock Soars on Nokia Acquisition. It's Challenging Ciena and Huawei.

The combined Nokia and Infinera will have a market share of around 20% globally, broadly equal to Ciena but lagging Huawei's 31% share.

Infinera Stock Soars on Nokia Acquisition. It's Challenging Ciena and Huawei.

Zacks Investment Research

Ciena's (CIEN) Advanced Solutions Portfolio Used by TDC NET

TDC NET taps Ciena's (CIEN) wide-ranging innovative solutions to bolster its metro and long-haul networks, enabling sustainable service delivery.

Ciena's (CIEN) Advanced Solutions Portfolio Used by TDC NET

Ciena Stock: Powering the AI Boom - A Network Infrastructure Play

Network infrastructure solutions provider Ciena Co. NYSE: CIEN plays a critical role in the artificial intelligence (AI) revolution. AI platforms require computing power, data storage speed and capacity, and optimal networking with low latency and high bandwidth to transmit oceans of data quickly.

Ciena Stock: Powering the AI Boom - A Network Infrastructure Play

TDC NET Upgrades Optical Transport Network to 800G with Ciena

HANOVER, Md.--(BUSINESS WIRE)--Danish digital infrastructure provider TDC NET will deploy Ciena's (NYSE: CIEN) converged packet optical solutions to upgrade its metro and long-haul networks with 800G technology. The network upgrades will enable TDC NET to sustainably launch new, advanced services that support its net-zero emissions goal by reducing power consumption compared to its existing DWDM platform. TDC NET will deploy a modern OTN network based on Ciena's 6500 family of Packet Optical pl.

TDC NET Upgrades Optical Transport Network to 800G with Ciena

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

CIEN's 2Q24 earnings exceeded expectations, with revenue of $911 million and gross margins of 43.5%. Management guidance for 3Q23 was not positive, but FY24 revenue guide remains strong, indicating a potential for significant growth in 4Q24. CIEN is well-positioned to capture market share with innovative products, benefiting from rising demand for AI and machine learning among telecom players.

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

Cloud Should Be An Outsized Growth Driver For Ciena Across Fiscal 2025: Morgan Stanley Analyst

Morgan Stanley analyst Meta Marshall upgraded Ciena Corp CIEN from Equal-Weight to Overweight and raised the price target from $53 to $55.

Cloud Should Be An Outsized Growth Driver For Ciena Across Fiscal 2025: Morgan Stanley Analyst

Zacks Investment Research

Ciena's (CIEN) GeoMesh Extreme Solution Used by Serene Juno

Ciena's (CIEN) GeoMesh Extreme solution, powered by WL6e, is utilized by Seren Juno Network and Seren Juno Network America in order to accelerate the process of digitization in Japan.

Ciena's (CIEN) GeoMesh Extreme Solution Used by Serene Juno

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