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. Its products include 6500 Packet-Optical Platform, 5430 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 service aggregation switches, and the 5000 family of service aggregation switches, as well as 8700 Packetwave Platform and the Ethernet packet configuration for the 5410 Service Aggregation Switch; 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 and platform software services, as well as manage, control, and plan software. The company's Global Services segment provides consulting and network design, installation and deployment, maintenance support, and training services. The company sells its products through direct and indirect sales channels to network operators. Ciena Corporation was founded in 1992 and is headquartered in Hanover, Maryland.
IPO Year: 1997
Exchange: NYSE
Website: ciena.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/12/2025 | $75.00 | Market Perform → Outperform | Northland Capital |
| 1/28/2025 | $84.00 → $88.00 | Neutral → Overweight | Analyst |
| 12/13/2024 | $70.00 → $95.00 | Neutral → Buy | BofA Securities |
| 10/28/2024 | $63.00 | Overweight → Equal-Weight | Morgan Stanley |
| 10/15/2024 | $65.00 | Outperform → In-line | Evercore ISI |
| 10/9/2024 | $59.00 → $67.00 | Outperform → Neutral | Exane BNP Paribas |
| 10/7/2024 | $65.00 | Overweight → Neutral | JP Morgan |
| 9/23/2024 | $44.00 → $68.00 | Sell → Buy | Citigroup |
| 9/5/2024 | Buy → Neutral | BofA Securities | |
| 6/12/2024 | $53.00 → $55.00 | Equal-Weight → Overweight | Morgan Stanley |
Northland Capital upgraded Ciena from Market Perform to Outperform and set a new price target of $75.00
Analyst upgraded Ciena from Neutral to Overweight and set a new price target of $88.00 from $84.00 previously
BofA Securities upgraded Ciena from Neutral to Buy and set a new price target of $95.00 from $70.00 previously
Morgan Stanley downgraded Ciena from Overweight to Equal-Weight and set a new price target of $63.00
Evercore ISI downgraded Ciena from Outperform to In-line and set a new price target of $65.00
Exane BNP Paribas downgraded Ciena from Outperform to Neutral and set a new price target of $67.00 from $59.00 previously
JP Morgan downgraded Ciena from Overweight to Neutral and set a new price target of $65.00
Citigroup upgraded Ciena from Sell to Buy and set a new price target of $68.00 from $44.00 previously
BofA Securities downgraded Ciena from Buy to Neutral
Morgan Stanley upgraded Ciena from Equal-Weight to Overweight and set a new price target of $55.00 from $53.00 previously
Ciena® Corporation (NYSE:CIEN) announced the appointment of Lawton W. Fitt as independent Chair of Ciena's Board of Directors, effective December 11, 2024. Concurrently, Patrick H. Nettles, Ph.D., stepped down as Executive Chair, in connection with his decision not to stand for re-election at the end of his term at Ciena's 2025 Annual Meeting of Stockholders, at which time he will retire. Dr. Nettles will continue in his role as a member of Ciena's Board of Directors until that time and provide support to Ms. Fitt in her transition. Lawton W. Fitt brings significant professional experience as well as a deep familiarity with Ciena's strategy, business, and technology. She has served as a D
Ciena® Corporation (NYSE:CIEN), a networking systems, services, and software company, today announced the promotion of Dino DiPerna and Brodie Gage to its Executive Leadership Team, reporting to President and CEO Gary Smith. The leadership appointments are designed to support Ciena's continued growth through market leadership in optical technologies, increasing opportunities in IP/Optical convergence, and addressable market expansion in next-generation metro and edge applications. DiPerna becomes Ciena's Senior Vice President of Global Research & Development (R&D). In this role, he will direct the development of the company's portfolio of Converged Packet Optical, Network Control and Plan
Ciena (NYSE:CIEN) today announced that Mary G. Puma has been appointed to its Board of Directors, effective immediately. Ms. Puma previously served as President and Chief Executive Officer of Axcelis Technologies, Inc., a publicly held company engaged in the supply of capital equipment for the semiconductor chip manufacturing industry, from January 2002 to May 2023. Prior to becoming CEO of Axcelis, she served as its President and Chief Operating Officer from July 2000. In 1998, she became General Manager and Vice President of the company's predecessor, the Implant Systems Division of Eaton Corporation. Prior to joining Eaton in 1996, Ms. Puma spent 15 years in various marketing and gener
Promotes Sheela Kosaraju to Senior Vice President and General Counsel Ciena® Corporation (NYSE:CIEN), a networking systems, services and software company, today announced the appointment of David M. Rothenstein as senior vice president, chief strategy officer and corporate secretary. Rothenstein has served as Ciena's senior vice president, general counsel and corporate secretary since November 2008, and as acting chief strategy officer since March 2022. He will continue to report to President and CEO Gary Smith. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230124005396/en/David Rothenstein, Senior Vice President and Chief Str
Rebecca Smith Promoted to Senior Vice President, Global Marketing & Communications Ciena® Corporation (NYSE:CIEN), a networking systems, services and software company, today announced the appointment of Joe Cumello as Senior Vice President and General Manager of Blue Planet, a division of Ciena. Cumello has served as Ciena's Senior Vice President, Global Marketing & Communications since September 2020, and previously as Vice President, Global Marketing & Partners. He rejoined the company in 2015 through its acquisition of Cyan, where he served as Chief Marketing Officer and a member of the company's management team, which introduced Blue Planet to the industry. This press release features
Ciena® Corporation (NYSE:CIEN), the global leader in high-speed connectivity, expects to announce its fiscal second quarter financial results on Thursday, June 5, 2025, before the open of the financial markets. The press release will be available on Ciena's website at www.ciena.com. In conjunction with the announcement, Ciena will post an additional set of supporting materials to the Quarterly Results page of the Investor Relations section of its website. Ciena's management will then host a live audio web broadcast beginning at 8:30 a.m. Eastern accessible via www.ciena.com. Rebroadcast Information For those listeners unable to participate in the live web broadcast, an archived version o
Blue Planet's UAA transitions Swisscom to a more automated, proactive, and prescriptive assurance fit for the AI era Switzerland's leading ICT company, Swisscom, recently selected Blue Planet, a division of Ciena (NYSE:CIEN), to help modernize its assurance systems and processes into a unified solution optimized for managing dynamic, real-time services. Blue Planet's Unified Assurance and Analytics (UAA) will serve as Swisscom's assurance platform for fault and performance management across multiple domains, beginning with access and transport, then extending to mobile backhaul and Business to Business (B2B) services. This network transformation follows an earlier successful deployment of
Cloud-native, multi-domain network automation software advances Telefónica Germany's ‘Network & Operations of the Future' vision Telefónica Germany is building one of Europe's first public cloud-based platforms for network automation and 5G monetization, leveraging intelligent automation software from Blue Planet, a division of Ciena (NYSE:CIEN). Blue Planet's Inventory, Orchestration, and 5G Network Slicing applications are supporting Telefónica Germany's innovative network and IT transformation, driving end-to-end resource management as well as network and service visibility and automation. Telefónica Germany is forging ahead with its holistic network transformation, driving an architec
Windstream Wholesale, a leader in optical technology and advanced network solutions, is proud to announce the successful completion of a groundbreaking industry-first trial of Ciena's (NYSE:CIEN) WaveLogic 6 Extreme (WL6e) 2x1.2Tb with 3x800G Wave services. This milestone, achieved in collaboration with Ciena, represents a significant leap forward in optical network innovation. The trial took place over a 1,590-kilometer route from Virginia Beach to Jacksonville, Fla., utilizing Ciena's state-of-the-art Reconfigurable Line System (RLS) deployed on Windstream Wholesale's unique high-capacity Beach Route. Windstream Wholesale is the first in the industry to trial 3x 800G services over mated
Windstream Wholesale, a leader in advanced optical solutions, is proud to announce a significant infrastructure enhancement and network overbuild between Houston, Texas, and Tallahassee, Fla. Utilizing cutting-edge Ciena (NYSE:CIEN) line systems, this collaboration promises to deliver increased capacity, enhanced service capabilities, and improved network efficiency. This also enables Windstream Wholesale to offer 400G services over diverse routes to customers today as well as future 800G services along this unique Gulf route. Windstream Wholesale is already taking service orders for this network expansion, which is designed to meet the surging demand for high-speed, reliable connectivity.
Network trial paves the way for hyperscalers and enterprises to have the bandwidth agility and cost-efficiency needed for AI and next-gen applications DENVER, March 27, 2025 /PRNewswire/ -- Lumen Technologies (NYSE:LUMN) and Ciena (NYSE:CIEN) have successfully established a 1.2 terabit wavelength service trial across 3,050 kilometers (more than 1,800 miles) on Lumen's Ultra-Low-Loss (ULL) fiber network, making it the world's longest 1.2 terabit non-regenerated signal. Using 800G interfaces, Lumen and Ciena successfully tested and qualified the services to support wavelength, E
New technologies including 448Gb/s PAM4 and Coherent-Lite support emergent applications in and around the data center At OFC 2025, occurring March 30 to April 3 in San Francisco, Ciena (NYSE:CIEN) will showcase in booth #2443 industry-first coherent optical and IMDD technologies that bring new levels of scalability and flexibility to data center designs. A recent Ciena global survey found that data center experts anticipate at least a sixfold increase in DCI bandwidth demand over the next five years, requiring new levels of scalability. To address this challenge, Ciena, the established leader in high-speed optical innovation, is bringing its expertise to high-performance interconnects—the
Data Center experts predict at least 6X increase in DCI bandwidth demand over next 5 years, with 43% of new data center facilities expected to be dedicated to AI workloads The rapid growth of AI workloads is driving a major transformation in data center network infrastructure, with global data center experts anticipating a significant increase in interconnect bandwidth needs over the next five years, according to a study commissioned by Ciena (NYSE:CIEN). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250317734012/en/ The survey, conducted in partnership with Censuswide, queried more than 1,300 data center decision makers across
Ciena® Corporation (NYSE:CIEN), a networking systems, services and software company, today announced unaudited financial results for its fiscal first quarter ended February 1, 2025. Q1 Revenue: $1.07 billion Q1 Net Income per Share: $0.31 GAAP; $0.64 adjusted (non-GAAP) Share Repurchases: Repurchased approximately 1.0 million shares of common stock for an aggregate price of $79.2 million during the quarter "We delivered strong fiscal first quarter results that reflect balanced growth and strong momentum across our customer segments and reinforce the continuation of positive demand dynamics," said Gary Smith, president and CEO, Ciena. "As the global leader in high-speed connectivity,
Leading operator revolutionizes its network with ultra-high speed 1.6 Tb/s per wavelength connectivity e& UAE, the telecom arm of e&, marked a Middle East and Africa regional first, deploying Ciena's (NYSE:CIEN) WaveLogic 6 Extreme (WL6e) on its optical network. This advanced technology boosts the network with ultra-high speed 400G client infrastructure connectivity, supporting 10 Gb home services and wholesale and domestic business customer traffic with 100G and 400G requirements. It also elevates the delivery of premium customer experiences over e&'s 5G network and optimizes the optical network infrastructure to strategically support the traffic sensitivity of artificial intelligence (A
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Ciena® Corporation (NYSE:CIEN), the global leader in high-speed connectivity, expects to announce its fiscal second quarter financial results on Thursday, June 5, 2025, before the open of the financial markets. The press release will be available on Ciena's website at www.ciena.com. In conjunction with the announcement, Ciena will post an additional set of supporting materials to the Quarterly Results page of the Investor Relations section of its website. Ciena's management will then host a live audio web broadcast beginning at 8:30 a.m. Eastern accessible via www.ciena.com. Rebroadcast Information For those listeners unable to participate in the live web broadcast, an archived version o
Ciena® Corporation (NYSE:CIEN) expects to announce its fiscal first quarter financial results on Tuesday, March 11, 2025 before the open of the financial markets. The press release will be available on Ciena's website at www.ciena.com. In conjunction with the announcement, Ciena will post an additional set of supporting materials to the Quarterly Results page of the Investor Relations section of its website. Ciena's management will then host a live audio web broadcast beginning at 8:30 a.m. Eastern accessible via www.ciena.com. Rebroadcast Information For those listeners unable to participate in the live web broadcast, an archived version of the conference call will be available short
Ciena® Corporation (NYSE:CIEN) expects to announce its fiscal fourth quarter and year-end financial results on Thursday, December 12, 2024 before the open of the financial markets. The press release will be available on Ciena's website at www.ciena.com. In conjunction with the announcement, Ciena will post an additional set of supporting materials to the Quarterly Results page of the Investor Relations section of its website. Ciena's management will then host a live audio web broadcast beginning at 8:30 a.m. Eastern accessible via www.ciena.com. Rebroadcast Information For those listeners unable to participate in the live web broadcast, an archived version of the conference call will
Ciena® Corporation (NYSE:CIEN) expects to announce its fiscal third quarter financial results on Wednesday, September 4, 2024 before the open of the financial markets. The press release will be available on Ciena's website at www.ciena.com. In conjunction with the announcement, Ciena will post an additional set of supporting materials to the Quarterly Results page of the Investor Relations section of its website. Ciena's management will then host a live audio web broadcast beginning at 8:30 a.m. Eastern accessible via www.ciena.com. Rebroadcast Information For those listeners unable to participate in the live web broadcast, an archived version of the conference call will be available
Ciena® Corporation (NYSE:CIEN) expects to announce its fiscal second quarter financial results on Thursday, June 6, 2024 before the open of the financial markets. The press release will be available on Ciena's website at www.ciena.com. In conjunction with the announcement, Ciena will post an additional set of supporting materials to the Quarterly Results page of the Investor Relations section of its website. Ciena's management will then host a live audio web broadcast beginning at 8:30 a.m. Eastern accessible via www.ciena.com. Rebroadcast Information For those listeners unable to participate in the live web broadcast, an archived version of the conference call will be available short
Ciena® Corporation (NYSE:CIEN) expects to announce its fiscal first quarter financial results on Thursday, March 7, 2024 before the open of the financial markets. The press release will be available on Ciena's website at www.ciena.com. In conjunction with the announcement, Ciena will post an additional set of supporting materials to the Quarterly Results page of the Investor Relations section of its website. Ciena's management will then host a live audio web broadcast beginning at 8:30 a.m. Eastern accessible via www.ciena.com. Rebroadcast Information For those listeners unable to participate in the live web broadcast, an archived version of the conference call will be available short
Ciena® Corporation (NYSE:CIEN) expects to announce its fiscal fourth quarter and year-end financial results on Thursday, December 7, 2023 before the open of the financial markets. The press release will be available on Ciena's website at www.ciena.com. In conjunction with the announcement, Ciena will post an additional set of supporting materials to the Quarterly Results page of the Investor Relations section of its website. Ciena's management will then host a live audio web broadcast beginning at 8:30 a.m. Eastern accessible via www.ciena.com. Rebroadcast Information For those listeners unable to participate in the live audio web broadcast, an archived version of the conference call
Ciena® Corporation (NYSE:CIEN) expects to announce its fiscal third quarter financial results on Thursday, August 31, 2023 before the open of the financial markets. The press release will be available on Ciena's website at www.ciena.com. In conjunction with the announcement, Ciena will post an additional set of supporting materials to the Quarterly Results page of the Investor Relations section of its website. Ciena's management will then host a live audio web broadcast beginning at 8:30 a.m. Eastern accessible via www.ciena.com. Rebroadcast Information For those listeners unable to participate in the live web broadcast, an archived version of the conference call will be available sho
Ciena® Corporation (NYSE:CIEN) expects to announce its fiscal second quarter financial results on Tuesday, June 6, 2023 before the open of the financial markets. The press release will be available on Ciena's website at www.ciena.com. In conjunction with the announcement, Ciena will post an additional set of supporting materials to the Quarterly Results page of the Investor Relations section of its website. Ciena's management will then host a live audio web broadcast beginning at 8:30 a.m. Eastern accessible via www.ciena.com. Rebroadcast Information For those listeners unable to participate in the live web broadcast, an archived version of the conference call will be available shortl
Ciena® Corporation (NYSE:CIEN) expects to announce its fiscal first quarter financial results on Monday, March 6, 2023 before the open of the financial markets. The press release will be available on Ciena's website at www.ciena.com. In conjunction with the announcement, Ciena will post an additional set of supporting materials to the Quarterly Results page of the Investor Relations section of its website. Ciena's management will then host a live audio web broadcast beginning at 8:30 a.m. Eastern accessible via www.ciena.com. Rebroadcast Information For those listeners unable to participate in the live web broadcast, an archived version of the conference call will be available shortly fo
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