Ciena Corp Stock Today
| CIEN Stock | USD 43.92 0.36 0.83% |
Performance0 of 100
| Odds Of DistressLess than 1
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Ciena Corp is selling at 43.92 as of the 23rd of April 2024; that is 0.83 percent increase since the beginning of the trading day. The stock's open price was 43.56. Ciena Corp has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Ciena Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 4th of May 2022 and ending today, the 23rd of April 2024. Click here to learn more.
Business Domain Technology Hardware & Equipment | IPO Date 7th of February 1997 | Category Technology | Classification Information Technology |
Ciena Corporation provides network hardware, software, and services that support the transport, routing, switching, aggregation, service delivery, and management of video, data, and voice traffic on communications networks worldwide. Ciena Corporation was founded in 1992 and is headquartered in Hanover, Maryland. The company has 144.6 M outstanding shares of which 5.28 M shares are currently shorted by private and institutional investors with about 1.83 trading days to cover. More on Ciena Corp
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Follow Valuation Options Odds of Bankruptcy
Financial Report 4th of June 2024
Ciena Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Ciena Corp's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Ciena Corp or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Gary Smith | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Communications Equipment, Technology Hardware & Equipment, Information Technology, NYSE Composite, SP Midcap 400, Nasdaq CTA Artificial, ARCA Networking, Information Technology, Communications Equipment, Communication Equipment, Technology (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Ciena Corp report their recommendations after researching Ciena Corp's financial statements, talking to executives and customers, or listening in on Ciena Corp's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Ciena Corp. The Ciena consensus assessment is calculated by taking the average forecast from all of the analysts covering Ciena Corp. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the analysis of Ciena Corp's profitability, liquidity, and operating efficiency, Ciena Corp is performing exceptionally good at this time. It has a great probability to report excellent financial results in May. Financial strength of Ciena Corp is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Ciena Corp's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Ciena Corp's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. Ciena Corp's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Ciena Corp's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest. Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Ciena Corp's financial leverage. It provides some insight into what part of Ciena Corp's total assets is financed by creditors.
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Ciena Corp (CIEN) is traded on New York Stock Exchange in USA. It is located in 7035 Ridge Road, Hanover, MD, United States, 21076 and employs 8,313 people. Ciena Corp is listed under Communications Equipment category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 6.35 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Ciena Corp's market, we take the total number of its shares issued and multiply it by Ciena Corp's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Ciena Corp conducts business under Communications Equipment sector and is part of Information Technology industry. The entity has 144.6 M outstanding shares of which 5.28 M shares are currently shorted by private and institutional investors with about 1.83 trading days to cover.
Ciena Corp currently holds about 1.18 B in cash with 168.33 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 7.98.
Check Ciena Corp Probability Of Bankruptcy
Ownership AllocationCiena Corp holds a total of 144.6 Million outstanding shares. The majority of Ciena Corp outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Ciena Corp to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Ciena Corp. Please pay attention to any change in the institutional holdings of Ciena Corp as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Ciena Ownership Details
Ciena Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Ciena Corp jumping above the current price in 90 days from now is roughly 97.0%. The Ciena Corp probability density function shows the probability of Ciena Corp stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.402 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Ciena Corp will likely underperform. Additionally, ciena Corp has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Ciena Corp to move above the current price in 90 days from now is roughly 97.0 (This Ciena Corp probability density function shows the probability of Ciena Stock to fall within a particular range of prices over 90 days) .
Ciena Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Ciena Corp that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Ciena Corp's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Ciena Corp's value.| Instituion | Recorded On | Shares | |
| Diamond Hill Capital Management Inc | 2023-12-31 | 2.3 M | |
| Ion Asset Management Ltd. | 2023-12-31 | 2.2 M | |
| Dimensional Fund Advisors, Inc. | 2023-12-31 | 2.2 M | |
| Victory Capital Management Inc. | 2023-12-31 | 2.1 M | |
| Neuberger Berman Group Llc | 2023-12-31 | 2.1 M | |
| Bank Of America Corp | 2023-12-31 | 2 M | |
| First Trust Advisors L.p. | 2023-12-31 | 1.7 M | |
| Fort Pitt Capital Group, Llc | 2024-03-31 | 1.7 M | |
| Norges Bank | 2023-12-31 | 1.6 M | |
| Blackrock Inc | 2023-12-31 | 16.3 M | |
| Vanguard Group Inc | 2023-12-31 | 15 M |
Ciena Corp Historical Income Statement
Ciena Corp Income Statement is one of the three primary financial statements used for reporting Ciena's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Ciena Corp revenue and expense. Ciena Corp Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Ciena Corp's Operating Income is very stable compared to the past year. As of the 23rd of April 2024, EBIT is likely to grow to about 539.6 M, while Total Operating Expenses is likely to drop about 883.3 M. View More FundamentalsCiena Stock Against Markets
Picking the right benchmark for Ciena Corp stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Ciena Corp stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Ciena Corp is critical whether you are bullish or bearish towards Ciena Corp at a given time. Please also check how Ciena Corp's historical prices are related to one of the top price index indicators.
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Ciena Corp Corporate Directors
Ciena Corp corporate directors refer to members of a Ciena Corp board of directors. The board of directors generally takes responsibility for the Ciena Corp's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Ciena Corp's board members must vote for the resolution. The Ciena Corp board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Judith OBrien | Independent Director | Profile | |
| William Fathers | Director | Profile | |
| Michael Nevens | Independent Director | Profile | |
| Joanne Olsen | Independent Director | Profile |
How to buy Ciena Stock?
Before investing in Ciena Corp, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Ciena Corp. To buy Ciena Corp stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Ciena Corp. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Ciena Corp stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Ciena Corp stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Ciena Corp stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Ciena Corp, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Ciena Stock please use our How to Invest in Ciena Corp guide.
Already Invested in Ciena Corp?
The danger of trading Ciena Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Ciena Corp is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Ciena Corp. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Ciena Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Ciena Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ciena Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ciena Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ciena Corp Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ciena Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. To learn how to invest in Ciena Stock, please use our How to Invest in Ciena Corp guide.Note that the Ciena Corp information on this page should be used as a complementary analysis to other Ciena Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Complementary Tools for Ciena Stock analysis
When running Ciena Corp's price analysis, check to measure Ciena Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ciena Corp is operating at the current time. Most of Ciena Corp's value examination focuses on studying past and present price action to predict the probability of Ciena Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ciena Corp's price. Additionally, you may evaluate how the addition of Ciena Corp to your portfolios can decrease your overall portfolio volatility.
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Is Ciena Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ciena Corp. If investors know Ciena will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ciena Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.33) | Earnings Share 1.54 | Revenue Per Share 29.507 | Quarterly Revenue Growth (0.02) | Return On Assets 0.0424 |
The market value of Ciena Corp is measured differently than its book value, which is the value of Ciena that is recorded on the company's balance sheet. Investors also form their own opinion of Ciena Corp's value that differs from its market value or its book value, called intrinsic value, which is Ciena Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ciena Corp's market value can be influenced by many factors that don't directly affect Ciena Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ciena Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ciena Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ciena Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.