89.80 USD
+0.95
1.07%
At close Feb 14, 4:00 PM EST
After hours
89.85
+0.05
0.06%
1 day
1.07%
5 days
-0.37%
1 month
7.57%
3 months
28.75%
6 months
79.49%
Year to date
7.88%
1 year
56.50%
5 years
107.92%
10 years
344.77%
 

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 which generates maximum revenue; Platform Software and Services; Blue Planet Automation Software, and Global Services segments. Geographically, the company derives a majority of its revenue from the Americas, and the rest from the Asia-Pacific (APAC), and Europe, Middle East, and Africa (EMEA) region.

Employees: 8,657

0
Funds holding %
of 6,831 funds
0
Analysts bullish %
of 8 analysts

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

191% more call options, than puts

Call options by funds: $145M | Put options by funds: $49.8M

40% more funds holding in top 10

Funds holding in top 10: 5 [Q2] → 7 (+2) [Q3]

28% more capital invested

Capital invested by funds: $6.87B [Q2] → $8.81B (+$1.94B) [Q3]

20% more first-time investments, than exits

New positions opened: 79 | Existing positions closed: 66

2% more funds holding

Funds holding: 450 [Q2] → 457 (+7) [Q3]

0% more repeat investments, than reductions

Existing positions increased: 151 | Existing positions reduced: 151

0.24% less ownership

Funds ownership: 99.18% [Q2] → 98.95% (-0.24%) [Q3]

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target
$60
33%
downside
Avg. target
$90
1%
upside
High target
$98
9%
upside

8 analyst ratings

positive
75%
neutral
25%
negative
0%
JP Morgan
Samik Chatterjee
62% 1-year accuracy
41 / 66 met price target
2%downside
$88
Overweight
Upgraded
28 Jan 2025
Needham
Ryan Koontz
67% 1-year accuracy
71 / 106 met price target
6%upside
$95
Buy
Reiterated
10 Jan 2025
Citigroup
Jim Suva
50% 1-year accuracy
2 / 4 met price target
9%upside
$98
Buy
Maintained
13 Dec 2024
Barclays
Tim Long
61% 1-year accuracy
33 / 54 met price target
8%upside
$97
Overweight
Maintained
13 Dec 2024
Rosenblatt
Mike Genovese
64% 1-year accuracy
23 / 36 met price target
5%upside
$94
Neutral
Maintained
13 Dec 2024

Financial journalist opinion

Based on 5 articles about CIEN published over the past 30 days

Neutral
Business Wire
3 days ago
Ciena Announces Internet Availability of 2025 Annual Meeting Proxy Materials
HANOVER, Md.--(BUSINESS WIRE)--Ciena® Corporation, a networking systems, services and software company, announced that proxy materials are available for its 2025 Annual Meeting.
Ciena Announces Internet Availability of 2025 Annual Meeting Proxy Materials
Positive
Zacks Investment Research
3 days ago
Why Ciena (CIEN) is a Top Value Stock for the Long-Term
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Why Ciena (CIEN) is a Top Value Stock for the Long-Term
Neutral
Business Wire
4 days ago
Telia Norway and Ciena Achieve First Live 1.6 Tb/s Data Transmission in Nordics
HANOVER, Md.--(BUSINESS WIRE)--Telia Norway and Ciena celebrated a key technology milestone and industry first in the Nordics.
Telia Norway and Ciena Achieve First Live 1.6 Tb/s Data Transmission in Nordics
Neutral
Business Wire
5 days ago
Ciena Announces Reporting Date and Web Broadcast for Fiscal First Quarter 2025 Results
HANOVER, Md.--(BUSINESS WIRE)--Ciena® Corporation (NYSE: CIEN) expects to announce its fiscal first quarter financial results on Tuesday, March 11, 2025.
Ciena Announces Reporting Date and Web Broadcast for Fiscal First Quarter 2025 Results
Positive
Investopedia
3 weeks ago
AI Stocks Jumped Last Week—Here's What You Need to Know
AI stocks soared last week after OpenAI announced a partnership with Oracle (ORCL) and SoftBank that could result in up to half a trillion dollars of investment in AI infrastructure over the next four years.
AI Stocks Jumped Last Week—Here's What You Need to Know
Positive
Zacks Investment Research
1 month ago
Ciena Stock Soars 69% in the Past 6 Months: Will the Uptrend Continue?
CIEN gains from rising network traffic, demand for bandwidth and the adoption of cloud architecture but competition, supply chain issues and higher costs limit its upside.
Ciena Stock Soars 69% in the Past 6 Months: Will the Uptrend Continue?
Neutral
Zacks Investment Research
1 month ago
Ciena Aids Southern Cross to Achieve 1 Tb/s Transpacific Transmission
CIEN's WaveLogic 6 Extreme is used by Southern Cross to reach the world's first transpacific 1 Tb/s single-carrier wavelength on its live production network.
Ciena Aids Southern Cross to Achieve 1 Tb/s Transpacific Transmission
Neutral
Business Wire
1 month ago
Southern Cross Achieves World's First 1 Tb/s Transmission Across the Pacific With Ciena
SYDNEY--(BUSINESS WIRE)--Southern Cross Cable Limited (“Southern Cross”) has connected the world's first transpacific 1 Tb/s single-carrier wavelength across its 13,500km live production network with Ciena's (NYSE: CIEN) WaveLogic 6 Extreme (WL6e) coherent optics. The connectivity milestone saw WL6e perform effortlessly at 1 Tb/s over the world's longest single optical submarine cable segment and demonstrates the adaptive nature of Southern Cross' network. With WL6e, Southern Cross continues to.
Southern Cross Achieves World's First 1 Tb/s Transmission Across the Pacific With Ciena
Neutral
Business Wire
1 month ago
Ciena to Webcast Financial Community Event – January 9, 2025
HANOVER, Md.--(BUSINESS WIRE)--Ciena® Corporation (NYSE: CIEN) today announced its expected participation in the following upcoming event with the financial community.
Ciena to Webcast Financial Community Event – January 9, 2025
Positive
The Motley Fool
1 month ago
This Magnificent Artificial Intelligence (AI) Stock Jumped 90% in 2024. It Could Soar Over the Next 3 Years.
The demand for faster connectivity in data centers has been increasing of late to support artificial intelligence (AI) workloads, and this demand has rubbed off positively on companies such as Ciena (CIEN 0.44%) that are in the business of providing networking components.
This Magnificent Artificial Intelligence (AI) Stock Jumped 90% in 2024. It Could Soar Over the Next 3 Years.
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