NYSE
CIEN

Ciena Corp

Communication Equipment
Technology

Prices are adjusted according to historical splits.

Ciena Corp Stock Price

Vitals

Today's Low:
$48.29
Today's High:
$49.055
Open Price:
$48.44
52W Low:
$38.33
52W High:
$56.38
Prev. Close:
$48.83
Volume:
1069491

Company Statistics

Market Cap.:
$7.09 billion
Book Value:
19.029
Revenue TTM:
$3.84 billion
Operating Margin TTM:
7.43%
Gross Profit TTM:
$1.56 billion
Profit Margin:
4.77%
Return on Assets TTM:
3.38%
Return on Equity TTM:
6.49%

Company Profile

Ciena Corp had its IPO on 1997-02-07 under the ticker symbol CIEN.

The company operates in the Technology sector and Communication Equipment industry. Ciena Corp has a staff strength of 8,361 employees.

Stock update

Shares of Ciena Corp opened at $48.44 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $48.29 - $49.06, and closed at $48.81.

This is a -0.04% slip from the previous day's closing price.

A total volume of 1,069,491 shares were traded at the close of the day’s session.

In the last one week, shares of Ciena Corp have increased by +0.7%.

Ciena Corp's Key Ratios

Ciena Corp has a market cap of $7.09 billion, indicating a price to book ratio of 2.7775 and a price to sales ratio of 1.9827.

In the last 12-months Ciena Corp’s revenue was $3.84 billion with a gross profit of $1.56 billion and an EBITDA of $422.67 million. The EBITDA ratio measures Ciena Corp's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Ciena Corp’s operating margin was 7.43% while its return on assets stood at 3.38% with a return of equity of 6.49%.

In Q0.33333333333333, Ciena Corp’s quarterly earnings growth was a positive 75.9% while revenue growth was a positive 25.1%.

Ciena Corp’s PE and PEG Ratio

Forward PE
19.7628
Trailing PE
37.6984
PEG
0.77

Its diluted EPS in the last 12-months stands at $1.26 per share while it has a forward price to earnings multiple of 19.7628 and a PEG multiple of 0.77. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Ciena Corp’s profitability.

Ciena Corp stock is trading at a EV to sales ratio of 2.069 and a EV to EBITDA ratio of 20.3267. Its price to sales ratio in the trailing 12-months stood at 1.9827.

Ciena Corp stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets
$5.67 billion
Total Liabilities
$1.02 billion
Operating Cash Flow
$-176241000.00
Capital Expenditure
$30.03 million
Dividend Payout Ratio
0%

Ciena Corp ended 2024 with $5.67 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $5.67 billion while shareholder equity stood at $2.84 billion.

Ciena Corp ended 2024 with $0 in deferred long-term liabilities, $1.02 billion in other current liabilities, 1492000.00 in common stock, $-3555989000.00 in retained earnings and $446.55 million in goodwill. Its cash balance stood at $1.05 billion and cash and short-term investments were $1.15 billion. The company’s total short-term debt was $31,028,000 while long-term debt stood at $1.55 billion.

Ciena Corp’s total current assets stands at $3.76 billion while long-term investments were $3.24 million and short-term investments were $100.42 million. Its net receivables were $1.05 billion compared to accounts payable of $478.49 million and inventory worth $1.18 billion.

In 2024, Ciena Corp's operating cash flow was $-176241000.00 while its capital expenditure stood at $30.03 million.

Comparatively, Ciena Corp paid $0 in dividends in 2024.

Other key metrics

Current Trading Price
$48.81
52-Week High
$56.38
52-Week Low
$38.33
Analyst Target Price
$63.12

Ciena Corp stock is currently trading at $48.81 per share. It touched a 52-week high of $56.38 and a 52-week low of $56.38. Analysts tracking the stock have a 12-month average target price of $63.12.

Its 50-day moving average was $43.16 and 200-day moving average was $46.58 The short ratio stood at 3.12 indicating a short percent outstanding of 0%.

Around 100.6% of the company’s stock are held by insiders while 9643.4% are held by institutions.

Frequently Asked Questions About Ciena Corp

The stock symbol (also called stock or share ticker) of Ciena Corp is CIEN

The IPO of Ciena Corp took place on 1997-02-07

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About

Ciena Corporation provides hardware and software services for delivery of video, data, and voice traffic metro, aggregation, and access communications network worldwide. The company’s Networking Platforms segment offers convergence of coherent optical transport, open optical networking, IP routing, and switching services. Its products include 6500 Packet-Optical Platform, 5400 Reconfigurable Switching System, Waveserver stackable interconnect system, and the 6500 Reconfigurable line system, and the 5400 family of Packet-Optical platforms, as well as Z-Series Packet-Optical Platform; 3000 family of service delivery switches and the 5000 family of service aggregation switches, as well as 8700 Packetwave Platform and 6500 Packet Transport System. This segment also sells operating system software and enhanced software features embedded in each of its products. The company’s Blue Planet Automation Software and Services segment provides multi-domain service orchestration, inventory, route optimization and analysis, network function virtualization orchestration, analytics, and related services. Its Platform Software and Service segment offers OneControl unified management system that support network solutions. The company’s Global Services segment provides consulting and network design, installation and deployment, maintenance support, and training services. Ciena Corporation was incorporated in 1992 and is headquartered in Hanover, Maryland.

Address

7035 Ridge Road, Hanover, MD, United States, 21076