Ciena Corporation (CIEN)

$49.5

+0.16

(+0.32%)

Market is closed - opens 7 PM, 29 May 2024

Insights on Ciena Corporation

  • Decreasing Revenue

    Revenue is down for the last 2 quarters, 1.12B → 1.03B (in $), with an average decrease of 8.1% per quarter

  • Decreasing Net Profit

    Netprofit is down for the last 2 quarters, 91.19M → 49.54M (in $), with an average decrease of 45.7% per quarter

  • Vs MSI

    In the last 1 year, Motorola Solutions, Inc. has given 26.5% return, outperforming this stock by 23.4%

  • Vs MSI

    In the last 3 years, Motorola Solutions, Inc. has given 75.3% return, outperforming this stock by 81.7%

Performance

  • $49.28
    $49.86
    $49.50
    downward going graph

    0.44%

    Downside

    Day's Volatility :1.16%

    Upside

    0.72%

    downward going graph
  • $39.94
    $63.24
    $49.50
    downward going graph

    19.31%

    Downside

    52 Weeks Volatility :36.84%

    Upside

    21.73%

    downward going graph

Returns

PeriodCiena CorporationSector (Technology)Index (Russel 2000)
3 Months
-13.13%
4.4%
0.0%
6 Months
9.25%
16.9%
0.0%
1 Year
3.19%
31.1%
0.0%
3 Years
-7.48%
56.1%
-22.0%

Highlights

Market Capitalization
7.1B
Book Value
$20.17
Earnings Per Share (EPS)
1.54
PE Ratio
32.04
PEG Ratio
0.77
Wall Street Target Price
58.0
Profit Margin
5.22%
Operating Margin TTM
8.63%
Return On Assets TTM
4.24%
Return On Equity TTM
7.92%
Revenue TTM
4.4B
Revenue Per Share TTM
29.51
Quarterly Revenue Growth YOY
-1.7999999999999998%
Gross Profit TTM
1.9B
EBITDA
524.9M
Diluted Eps TTM
1.54
Quarterly Earnings Growth YOY
-0.33
EPS Estimate Current Year
2.27
EPS Estimate Next Year
3.15
EPS Estimate Current Quarter
0.48
EPS Estimate Next Quarter
0.0

Analyst Recommendation

Buy
    73%Buy
    21%Hold
    4%Sell
Based on 23 Wall street analysts offering stock ratings for Ciena Corporation(by analysts ranked 0 to 5 stars)
Based on 23 analyst
  • Current
  • 1M Ago
  • 3M Ago
Buy
17
16
17
Hold
5
5
5
Sell
1
00
00

Analyst Forecast

What analysts predicted

Upside of 17.17%

Current $49.50
Target $58.00

Company Financials

FY18Y/Y Change
Revenue
3.1B
↑ 10.44%
Net Income
-344.7M
↓ 127.31%
Net Profit Margin
-11.14%
↓ 56.18%
FY19Y/Y Change
Revenue
3.6B
↑ 15.44%
Net Income
253.4M
↓ 173.53%
Net Profit Margin
7.09%
↑ 18.23%
FY20Y/Y Change
Revenue
3.5B
↓ 1.12%
Net Income
361.3M
↑ 42.56%
Net Profit Margin
10.23%
↑ 3.14%
FY21Y/Y Change
Revenue
3.6B
↑ 2.51%
Net Income
500.2M
↑ 38.45%
Net Profit Margin
13.81%
↑ 3.58%
FY22Y/Y Change
Revenue
3.6B
↑ 0.33%
Net Income
152.9M
↓ 69.43%
Net Profit Margin
4.21%
↓ 9.6%
FY23Y/Y Change
Revenue
4.4B
↑ 20.75%
Net Income
254.8M
↑ 66.66%
Net Profit Margin
5.81%
↑ 1.6%
Q4 FY22Q/Q Change
Revenue
971.0M
↑ 11.87%
Net Income
57.6M
↑ 448.37%
Net Profit Margin
5.94%
↑ 4.73%
Q1 FY23Q/Q Change
Revenue
1.1B
↑ 8.81%
Net Income
76.2M
↑ 32.26%
Net Profit Margin
7.22%
↑ 1.28%
Q2 FY23Q/Q Change
Revenue
1.1B
↑ 7.21%
Net Income
57.7M
↓ 24.38%
Net Profit Margin
5.09%
↓ 2.13%
Q3 FY23Q/Q Change
Revenue
1.1B
↓ 5.72%
Net Income
29.7M
↓ 48.43%
Net Profit Margin
2.78%
↓ 2.31%
Q4 FY23Q/Q Change
Revenue
1.1B
↑ 5.77%
Net Income
91.2M
↑ 206.73%
Net Profit Margin
8.07%
↑ 5.29%
Q1 FY24Q/Q Change
Revenue
1.0B
↓ 8.13%
Net Income
49.5M
↓ 45.67%
Net Profit Margin
4.77%
↓ 3.3%
FY18Y/Y Change
Total Assets
3.8B
↓ 4.94%
Total Liabilities
1.8B
↑ 0.65%
FY19Y/Y Change
Total Assets
3.9B
↑ 3.64%
Total Liabilities
1.7B
↓ 5.83%
FY20Y/Y Change
Total Assets
4.2B
↑ 7.39%
Total Liabilities
1.7B
↓ 2.86%
FY21Y/Y Change
Total Assets
4.9B
↑ 16.37%
Total Liabilities
1.8B
↑ 10.4%
FY22Y/Y Change
Total Assets
5.1B
↑ 4.2%
Total Liabilities
2.4B
↑ 27.72%
FY23Y/Y Change
Total Assets
5.6B
↑ 10.49%
Total Liabilities
2.8B
↑ 16.82%
Q4 FY22Q/Q Change
Total Assets
5.1B
↑ 3.45%
Total Liabilities
2.4B
↑ 5.54%
Q1 FY23Q/Q Change
Total Assets
5.7B
↑ 11.89%
Total Liabilities
2.8B
↑ 20.26%
Q2 FY23Q/Q Change
Total Assets
5.8B
↑ 1.82%
Total Liabilities
2.9B
↑ 1.16%
Q3 FY23Q/Q Change
Total Assets
5.7B
↓ 0.91%
Total Liabilities
2.8B
↓ 3.17%
Q4 FY23Q/Q Change
Total Assets
5.6B
↓ 2.13%
Total Liabilities
2.8B
↓ 0.83%
Q1 FY24Q/Q Change
Total Assets
5.6B
↓ 0.15%
Total Liabilities
2.7B
↓ 3.03%
FY18Y/Y Change
Operating Cash Flow
229.3M
↓ 2.39%
Investing Cash Flow
-19.3M
↓ 68.64%
Financing Cash Flow
-99.2M
↓ 68.1%
FY19Y/Y Change
Operating Cash Flow
413.1M
↑ 80.21%
Investing Cash Flow
24.1M
↓ 224.97%
Financing Cash Flow
-279.0M
↑ 181.13%
FY20Y/Y Change
Operating Cash Flow
493.7M
↑ 19.49%
Investing Cash Flow
-220.2M
↓ 1014.74%
Financing Cash Flow
-87.2M
↓ 68.73%
FY21Y/Y Change
Operating Cash Flow
541.6M
↑ 9.72%
Investing Cash Flow
-90.7M
↓ 58.81%
Financing Cash Flow
-116.8M
↑ 33.95%
FY22Y/Y Change
Operating Cash Flow
-167.8M
↓ 130.97%
Investing Cash Flow
-101.2M
↑ 11.61%
Financing Cash Flow
-133.1M
↑ 13.88%
FY23Y/Y Change
Operating Cash Flow
168.3M
↓ 200.34%
Investing Cash Flow
-383.5M
↑ 278.73%
Financing Cash Flow
229.4M
↓ 272.39%
Q4 FY22Q/Q Change
Operating Cash Flow
-14.5M
↓ 92.94%
Investing Cash Flow
185.6M
↓ 5.46%
Financing Cash Flow
-23.0M
↓ 84.35%
Q1 FY23Q/Q Change
Operating Cash Flow
-265.6M
↑ 1731.11%
Investing Cash Flow
-176.2M
↓ 194.96%
Financing Cash Flow
492.2M
↓ 2237.37%
Q2 FY23Q/Q Change
Operating Cash Flow
229.8M
↓ 186.51%
Investing Cash Flow
-101.0M
↓ 42.68%
Financing Cash Flow
-12.6M
↓ 102.56%
Q3 FY23Q/Q Change
Operating Cash Flow
8.7M
↓ 96.22%
Investing Cash Flow
-8.1M
↓ 92.02%
Financing Cash Flow
-53.0M
↑ 320.23%
Q4 FY23Q/Q Change
Operating Cash Flow
195.5M
↑ 2149.91%
Investing Cash Flow
-98.1M
↑ 1116.44%
Financing Cash Flow
-197.2M
↑ 271.81%

Technicals Summary

Sell

Neutral

Buy

Ciena Corporation is currently in a favorable trading position ( BUY ) according to technical analysis indicators.

Peers

Company Name1 Month6 Month1 Year3 Years5 Years
Ciena Corporation
Ciena Corporation
5.86%
9.25%
3.19%
-7.48%
41.11%
Zebra Technologies Corp.
Zebra Technologies Corp.
8.74%
37.88%
21.83%
-35.13%
-35.13%
Cisco Systems, Inc.
Cisco Systems, Inc.
-3.14%
-3.68%
-7.75%
-12.05%
-12.97%
Motorola Solutions, Inc.
Motorola Solutions, Inc.
3.51%
12.8%
26.26%
75.44%
141.1%
Juniper Networks, Inc.
Juniper Networks, Inc.
-2.08%
22.75%
12.15%
30.23%
37.62%
Hewlett Packard Enterprise Co.
Hewlett Packard Enterprise Co.
7.16%
11.44%
18.62%
14.42%
30.29%
Company NameP/E RatioP/B RatioPEG RatioEPSROEROADiv YieldBVPS
Ciena Corporation
Ciena Corporation
32.04
32.04
0.77
2.27
0.08
0.04
NA
20.17
Zebra Technologies Corp.
Zebra Technologies Corp.
64.88
64.88
0.89
12.1
0.09
0.04
NA
61.65
Cisco Systems, Inc.
Cisco Systems, Inc.
15.68
15.68
3.43
3.7
0.28
0.08
0.03
11.35
Motorola Solutions, Inc.
Motorola Solutions, Inc.
45.07
45.07
2.39
13.08
0.36
0.13
0.01
3.12
Juniper Networks, Inc.
Juniper Networks, Inc.
50.28
50.28
1.19
1.9
0.05
0.03
0.03
13.79
Hewlett Packard Enterprise Co.
Hewlett Packard Enterprise Co.
12.7
12.7
2.08
1.88
0.09
0.03
0.03
16.48
Company NameAnalyst ViewMarket Cap5 Years Return %PE RatioProfit Margin
Ciena Corporation
Ciena Corporation
Buy
$7.1B
41.11%
32.04
5.22%
Zebra Technologies Corp.
Zebra Technologies Corp.
Buy
$16.8B
-35.13%
64.88
5.99%
Cisco Systems, Inc.
Cisco Systems, Inc.
Hold
$187.0B
-12.97%
15.68
21.88%
Motorola Solutions, Inc.
Motorola Solutions, Inc.
Buy
$60.8B
141.1%
45.07
13.65%
Juniper Networks, Inc.
Juniper Networks, Inc.
Hold
$11.3B
37.62%
50.28
4.19%
Hewlett Packard Enterprise Co.
Hewlett Packard Enterprise Co.
Hold
$23.9B
30.29%
12.7
6.81%

Institutional Holdings

  • BlackRock Inc

    11.27%
  • Vanguard Group Inc

    10.39%
  • FMR Inc

    7.83%
  • BNP Paribas Investment Partners SA

    3.47%
  • State Street Corporation

    3.00%
  • RIMA MANAGEMENT, LLC

    2.04%

Company Information

Ciena is an American-based telecommunication networking equipment company. Currently headquartered in Hanover, Maryland, USA, Ciena has been described as World's biggest player in Optical Connectivity by The Baltimore Sun. Key customers of Ciena include AT&T, Korea Telecom, Verizon Communications, Sprint Corporation, etc. Ciena was founded in 1992 by the electrical engineer David R. Huber under the name HydraLite. Since then, it expanded manifold, ranking 770 in 2017 and 774 in 2018 in the Fortune 1000 list. It partnered with Sify in 2018 to increase its Information and Communications Technology network capacity from 100G to 400G. Its converged packet optical products supported cloud computing, the Internet of Things, and extensive data analysis across 40 data centers of Sify in India. Talking about its Indian operations, Bharti Airtel used Ciena’s equipment in 2019 to build a photonic control plane network of 130,000 km for connecting 4000 locations in India. It also provides converged packet optical and Ethernet services to Jio, Bharti Airtel, and Vodafone Idea Limited, the three pioneers of the Indian telecom industry. In fact, as per the BusinessToday report, Vodafone Idea has partnered with Ciena for its 5G rollout operations. Products and Services Ciena is primarily engaged in the telecommunication sector, and its products and services revolve around equipment, software, and services for this industry and cloud service firms. This includes: Network Infrastructure: It includes routing optical network switches to manage high loads of data on telecommunication networks. Apart from this, it provides equipment and technology for undersea cable networks. Software and Analytics: Telecom companies use Ciena's Blue Planet software platform for programming communications networks and network automation. To prevent disruptions and network outages, machine learning algorithms analyze the network's anomalies, predict the issues, and help identify actions for the network operators. Currently Ciena Corporation has a market cap of $7.13 Billion. It has a P.E ratio of 31.27. The shares of Ciena Corporation are trading at $49.5. .

Organization
Ciena Corporation
Employees
8313
CEO
Mr. Gary B. Smith
Industry
Electronic Technology

FAQs