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 The company’s Networking Platforms segment offers hardware networking products and solutions that optimized for the convergence of coherent optical transport, optical transport network switching, and packet switching.
Ciena is a mid cap stock with a total market cap of 6.15B.
They trade on the NYSE and had their IPO 26 years and 4 months
Ciena currently employs 7917 people.
News Relating to $CIEN
Zacks Investment Research
Ciena (CIEN) Q2 Earnings & Revenues Top Estimates, Rise Y/Y
Wednesday Jun 07 2023 at 12:19
Ciena’s (CIEN) Q2 revenues benefit from improving supply-chain dynamics. However, Ciena lowers its revenue guidance for fiscal 2023.
Seeking Alpha
Ciena Hit Hard On Softer Short-Term Demand Trends
Wednesday Jun 07 2023 at 10:49
Ciena shares face short-term challenges due to order push-outs from service providers and hyperscale cloud operators, impacting near-term growth expectations. Despite weaker near-term outlook, Ciena’s long-term prospects remain positive, with opportunities in expanding addressable markets like converged optical edge routing. Investors willing to look past a few lackluster quarters can expect healthy upside, but the market may be cautious until there’s evidence of improved order activity.
The Motley Fool
Why Ciena Stock Crashed on Tuesday
Tuesday Jun 06 2023 at 13:43
Ciena beat earnings on both the top and bottom lines Tuesday. Guidance, however, was a little disappointing, with Ciena warning sales could come in below prior expectations both in Q3 and for the year.
Zacks Investment Research
Ciena (CIEN) Reports Q2 Earnings: What Key Metrics Have to Say
Tuesday Jun 06 2023 at 10:44
Although the revenue and EPS for Ciena (CIEN) give a sense of how its business performed in the quarter ended April 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Zacks Investment Research
Ciena (CIEN) Q2 Earnings and Revenues Surpass Estimates
Tuesday Jun 06 2023 at 09:29
Ciena (CIEN) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $0.50 per share a year ago.
Forbes
Earnings Preview: What To Expect From Ciena On Tuesday
Monday Jun 05 2023 at 16:13
Ciena is scheduled to report earnings before Tuesday’s open. Here’s a closer look.
Schaeffers Research
Options Traders Eye Ciena Stock Before Earnings
Monday Jun 05 2023 at 14:31
Options traders are targeting Ciena Corp (NYSE:CIEN) ahead of earnings.
Proactive Investors
Ciena 2Q earnings likely to reveal positive growth: earnings preview
Monday Jun 05 2023 at 09:53
Ciena Corporation (NYSE:CIEN) is expected to post a positive earnings surprise when it reports second-quarter results before the market opens on Tuesday. The telecommunications-equipment maker is likely to post a 20% rise in earnings per share to $0.60 for the quarter, with its full-year 2023 earnings expected to jump 48%, according to the Zacks Consensus Estimate.
Zacks Investment Research
3 Intriguing Stocks to Watch as Earnings Approach
Friday Jun 02 2023 at 19:40
Here are three stocks that are worthy of consideration ahead of their quarterly reports and may become more attractive as we progress through 2023.
Zacks Investment Research
OKTA’s Q1 Earnings Beat Estimates, Revenues Increase Y/Y
Friday Jun 02 2023 at 13:39
Okta’s (OKTA) first-quarter fiscal 2024 results reflect the benefits of an expanding clientele.
Insider Trading
(Original Source: SEC.GOV)
Insider trading is when individuals employed by a company buy or sell its securities following legal procedures and regulations. Company executives, directors, and employees may be permitted to buy or sell shares if they follow specific rules, such as filing a Form 4 with the SEC within two business days.
Over the last 3 months, 6 insiders have sold $4.35M of common stock on the stock market with no insider buying.
Debt & Income Analysis
(Original Source: SEC.GOV)
Income quality measures a company’s operating cash flow to net income ratio. It helps investors and analysts assess the sustainability of a company’s earnings. A high QIR indicates strong cash flows, while a low QIR may indicate non-operating activities driving net income.
$CIEN’s Income Quality of -2.14 is lower than its Industry Group of 0.42 (-609.5% lower)
$CIEN’s Income Quality of -2.14 is lower than its Major Industry Group of 0.85 (-351.8% lower)
$CIEN’s Income Quality of -2.14 is lower than its Sector of 0.83 (-357.8% lower)
(Original Source: SEC.GOV)
Current ratio measures a company’s ability to pay off short-term debt with its current assets (assets that a company expects to use up or convert to cash within a year). It represents the $ amount of current assets a company has for every $1 of short-term debt. A high current ratio above 1.0 indicates that a company can meet its short-term obligations, while a low current ratio below 1.0 suggests difficulty.
$CIEN’s Current Ratio of 3.7 is greater than its Industry Group of 1.74 (112.6% greater)
$CIEN’s Current Ratio of 3.7 is greater than its Major Industry Group of 2.38 (55.5% greater)
$CIEN’s Current Ratio of 3.7 is greater than its Sector of 2.48 (49.2% greater)
Value Analysis
(Original Source: SEC.GOV)
PE ratio (price-to-earnings), measures a company’s stock price relative to its earnings per share. It helps investors evaluate whether its stock is overvalued or undervalued. A higher PE ratio indicates that investors are willing to pay more for a company’s earnings, while a lower PE ratio (above zero) suggests the company could be undervalued.
Cannot compare a negative PE Ratio (30.42 & -1.69)
$CIEN’s PE Ratio of 30.42 is greater than its Major Industry Group of 6.72 (352.7% greater)
Cannot compare a negative PE Ratio (30.42 & -0.12)
(Original Source: SEC.GOV)
The PB ratio (price-to-book), measures a company’s stock price relative to its book value (net value of a company’s assets reported on its balance sheet, after subtracting debt) per share. It is used to evaluate a company’s valuation, with a lower PB ratio (above zero) indicating a lower valuation and a higher PB ratio suggesting overvaluation.
$CIEN’s PB Ratio of 2.21 is greater than its Industry Group of 1.3 (70.0% greater)
$CIEN’s PB Ratio of 2.21 is greater than its Major Industry Group of 1.95 (13.3% greater)
$CIEN’s PB Ratio of 2.21 is greater than its Sector of 1.7 (30.0% greater)
Efficiency Analysis
(Original Source: SEC.GOV)
ROE (Return on Equity), is a financial ratio that measures a company’s profitability relative to its shareholders’ equity (the amount of value in a company that belongs to the people who own shares). It indicates how efficiently a company generates profits per unit of equity invested. A high ROE suggests effective use of equity, while a low ROE indicates inefficiency.
$CIEN’s ROE of 0.07 is greater than its Industry Group of -0.24 (129.2% greater)
$CIEN’s ROE of 0.07 is greater than its Major Industry Group of 0.01 (600.0% greater)
Cannot compute a percentage difference when there are zeros in the calculation
(Original Source: SEC.GOV)
ROCE (Return on Capital Employed), is a financial ratio that measures a company’s profitability relative to the amount of capital invested in its operations. It indicates how well a company is generating profits from its capital investments. A high ROCE suggests effective use of capital, while a low ROCE indicates inefficiency.
$CIEN’s ROCE of 0.07 is greater than its Industry Group of -0.01 (800.0% greater)
$CIEN’s ROCE of 0.07 is greater than its Major Industry Group of 0.01 (600.0% greater)
$CIEN’s ROCE of 0.07 is greater than its Sector of 0.01 (600.0% greater)