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 |
|---|---|---|---|
| 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 |
| 6/6/2024 | $59.00 → $54.00 | Strong Buy → Outperform | Raymond James |
| 5/30/2024 | $65.00 → $52.50 | Buy → Neutral | Rosenblatt |
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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
Raymond James downgraded Ciena from Strong Buy to Outperform and set a new price target of $54.00 from $59.00 previously
Rosenblatt downgraded Ciena from Buy to Neutral and set a new price target of $52.50 from $65.00 previously
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
Ciena® Corporation (NYSE:CIEN) expects to announce its fiscal fourth quarter and year-end financial results on Thursday, December 8, 2022 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 wil
Ciena® Corporation (NYSE:CIEN) expects to announce its fiscal third quarter financial results on Thursday, September 1, 2022 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 shor
New coherent optical technology allows Southern Cross to ride the Terabit wave Southern Cross Cable Limited ("Southern Cross") has connected the world's first transpacific 1 Tb/s single-carrier wavelength across its 13,500km live production network with Ciena's (NYSE:CIEN) WaveLogic 6 Extreme (WL6e) coherent optics. The connectivity milestone saw WL6e perform effortlessly at 1 Tb/s over the world's longest single optical submarine cable segment and demonstrates the adaptive nature of Southern Cross' network. With WL6e, Southern Cross continues to enhance its network eco-system to be more scalable, intelligent and ideally positioned to deliver high-capacity digital pathways between Austr
Ciena® Corporation (NYSE:CIEN) today announced its expected participation in the following upcoming event with the financial community. This event will be webcast live and recorded. Archived versions will be made available approximately 24 hours following the conclusion of the live event in the Events & Presentations page of the Investors section of Ciena's website. 27th Annual Needham Growth Conference Thursday, January 9, 2025 @ 11:45 a.m. Eastern Time Speaker: Gary B. Smith, President and Chief Executive Officer About Ciena Ciena (NYSE:CIEN) is a global leader in networking systems, services, and software. We build the most adaptive networks in the industry, enabling customers to
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 unaudited financial results for its fiscal fourth quarter ended November 2, 2024. Q4 Revenue: $1.12 billion Q4 Net Income per Share: $0.25 GAAP; $0.54 adjusted (non-GAAP) Share Repurchases: Repurchased approximately 2.1 million shares of common stock for an aggregate price of $132.0 million during the quarter "Our Q4 revenue and strong order flow reflect our significant and increasing technology leadership and positive industry dynamics," said Gary Smith, president and CEO, Ciena. "As Cloud and AI drive bandwidth demand across the network, we are positioned for accelerated reve
BOSTON, Nov. 25, 2024 (GLOBE NEWSWIRE) -- AI, and specifically Generative AI with its ability for predictive analytics, is becoming a critical component of digital transformation and future business growth in almost all industries. Enterprise-grade data networks such as Verizon's will be instrumental in these processes, and Verizon continues to advance its network components to deliver on the promises of AI. In a recent trial in Boston, Verizon moved 1.6 Tb/s of data in its live fiber network on a single-carrier wavelength using Ciena's (NYSE:CIEN) WaveLogic 6 Extreme (WL6e) coherent optical solution. This next generation technology allows data traveling across Verizon's fiber network to t
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
Highest data transmission over European ‘Super Highway' Critical bandwidth infrastructure provider euNetworks announced Europe's first-ever 1.6 Tb/s coherent solution deployment using Ciena's (NYSE:CIEN) WaveLogic 6 Extreme (WL6e), the industry's first 1.6 Tb/s coherent transceiver. This technical first was carried out on euNetworks' production network, sending commercial traffic over the company's 281km route from Amsterdam to Düsseldorf. Owned and operated by euNetworks, the route forms part of one of euNetworks' latest Super Highways—new and uniquely routed state-of-the-art fiber networks that are critical to Europe's bandwidth needs. To facilitate ultrafast service turnup, euNetwork
Kirkland, Washington, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Ziply® Fiber today announced that its "Northern Link Route" – a 400 Gig, low-latency, high-capacity long-haul transport route connecting Hillsboro, Portland, Seattle, Spokane, Missoula, Billings, Minneapolis, Chicago and dozens of other major cities in between – is ready for service along the western half of the route, with full service to and from Chicago launching by the end of the year. The route, which Ziply Fiber expects will offer the lowest latency of any West-East connection from the Pacific Northwest to the Midwest, will enable commercial customers to access high-capacity 400 Gig wavelength, 100 Gig wavelength, 10 and 100 Gig
Advanced network enhancements powered by Ciena's WaveLogic 6 coherent optical technology benefits carriers, enterprises and hyperscalers with reliable, high-speed connections between data centers NEW YORK, Oct. 21, 2024 /PRNewswire/ -- Boldyn Networks (Boldyn), one of the world's largest shared network infrastructure providers, today announced the deployment of scalable wavelength service up to 1.6Tb/s per channel across its fiber network in New York and New Jersey. Boldyn is one of the first in the world to implement WaveLogic 6 technology from Ciena (NYSE:CIEN), significantly enhancing network capacity and efficiency to meet the growing demands of carriers, enterprises and hyperscalers see
Blue Planet Cloud Native Platform optimizes and automates operational processes On Net Fibra Colombia (ON NET FIBRA) is leveraging software from Blue Planet, a division of Ciena (NYSE:CIEN), to support its transition to a cloud-native Operations Support System (OSS) and automate the delivery of services to its customers. Through the deployment of inventory, orchestration, and assurance applications built on the Blue Planet Cloud Native Platform, ON NET FIBRA is enabling its customers to significantly improve the digital connectivity experiences they offer. "Blue Planet is transforming our network with advanced, cloud-native service automation, helping it to adapt and handle the changing d
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
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