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 |
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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 |
4/12/2024 | $44.00 | Sell | Citigroup |
4/11/2024 | $57.00 | Outperform | Exane BNP Paribas |
1/12/2024 | $52.00 → $57.00 | In-line → Outperform | Evercore ISI |
9/28/2023 | $62.00 | Buy | Stifel |
8/28/2023 | $60.00 → $50.00 | Buy | Needham |
3/29/2023 | $59.00 → $57.00 | Overweight → Equal-Weight | Morgan Stanley |
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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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
Citigroup initiated coverage of Ciena with a rating of Sell and set a new price target of $44.00
Exane BNP Paribas initiated coverage of Ciena with a rating of Outperform and set a new price target of $57.00
Evercore ISI upgraded Ciena from In-line to Outperform and set a new price target of $57.00 from $52.00 previously
Stifel initiated coverage of Ciena with a rating of Buy and set a new price target of $62.00
Needham reiterated coverage of Ciena with a rating of Buy and set a new price target of $50.00 from $60.00 previously
Morgan Stanley downgraded Ciena from Overweight to Equal-Weight and set a new price target of $57.00 from $59.00 previously
The Biden administration’s escalating restrictions on China’s access to high-end semiconductors and technology, along with the potential for higher tariffs under future administrations, have stirred significant concern among investors. However, amid the broad headwinds facing many companies, JPMorgan analyst Samik Chatterjee has identified a select group of tech stocks that could stand to benefit from these geopolitical tensions. 1. Flex Ltd (NASDAQ:FLEX) Flex is strategically positioned to benefit from the changing geopolitical landscape, Chatterjee notes. With heightened restrictions on China, Flex’s extensive manufacturing capabilities outside China become increasingly valuab
New network based on Ciena WaveLogic 5 technology enables TDC NET to bring new services to market in a sustainable and secure way
Morgan Stanley analyst Meta Marshall upgraded Ciena Corp (NYSE:CIEN) from Equal-Weight to Overweight and raised the price target from $53 to $55. In CIEN’s fiscal second-quarter print, Marshall was slightly more cautious given the challenging fiscal 2024 setup, where he saw a risk to Street estimates that implied a hockey-stick inflection in the year’s second half. However, post-cut to full-year estimates, Marshall noted that the fiscal 2024 model is de-risked at this point, and he re-rated to reflect upside potential in fiscal 2025 as inventory levels normalize. Cloud demand outperforms on the back of share gains / WaveLogic 6 ramp. Marshall expected service provider recovery to
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page. Needham analyst Mike Matson upgraded the rating for Haemonetics Corporation (NYSE:HAE) from Hold to Buy and announced a price target of $112. Haemonetics shares fell 2.8% to close at $83.41 on Tuesday. See how other analysts view this stock. Morgan Stanley analyst Meta Marshall upgraded Ciena Corporation (NYSE:CIEN) from Equal-Weight to Overweight, while raising the price target from $53 to $55. Ciena shares rose 0.2% to settle at $45.92 on Tuesday. See how other analysts view this sto
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Piper Sandler raised the price target for Oracle Corporation (NYSE:ORCL) from $140 to $150. Piper Sandler analyst Brent Bracelin maintained an Overweight rating. Oracle shares fell 0.5% to close at $123.88 on Tuesday. See how other analysts view this stock. Telsey Advisory Group cut the price target for Academy Sports and Outdoors, Inc. (NASDAQ:ASO) from $75 to $65. Telsey Advisory Group analyst Joseph Feldman maintained an Outperform rating. Academy Sports shares fell 3.2% to close at $51.69 on Tu
Morgan Stanley analyst Meta Marshall upgrades Ciena (NYSE:CIEN) from Equal-Weight to Overweight and raises the price target from $53 to $55.
Barclays analyst Tim Long maintains Ciena (NYSE:CIEN) with a Overweight and lowers the price target from $63 to $55.
Shares of Ciena Corp (NYSE:CIEN) declined by 4.82% to $46.21 at last check on Friday, even after the company reported upbeat results for its fiscal second quarter. The slump comes as analysts provide key takeaways on the company’s latest earnings: B Riley analyst Dave Kang maintained a Buy rating, while reducing the price target from $68 to $66. Needham analyst Ryan Koontz reiterated a Buy rating, while cutting the price target from $65 to $60. JPMorgan analyst Samik Chatterjee reaffirmed an Overweight rating and price target of $60. Check out other analyst stock ratings. B Riley Securities: Ciena reported quarterly revenues and earnings of $910.8 million and 27 cents per
B. Riley Securities analyst Dave Kang maintains Ciena (NYSE:CIEN) with a Buy and lowers the price target from $68 to $66.
Scotland's leading ISP offers high-bandwidth connectivity to businesses across the UK Internet service provider (ISP) Commsworld is leveraging Ciena's (NYSE:CIEN) broadband solution for its new business-grade ‘Ethernet over Fibre to the Premises (EoFTTP)' ultra-high-speed broadband service. Addressing a gap in the UK connectivity market, EoFTTP provides 1 Gb/s symmetric connectivity with bandwidth guarantees and repair times traditionally only seen with more expensive leased lines. Commsworld's broadband network utilizes Ciena's XGS-PON pluggable optical line terminals (micro-OLTs) and 3801 optical network units (ONUs). Ciena's micro-OLTs are being deployed within Commsworld's existing a
Cloud-native deployment of Blue Planet Inventory to provide a single view of TDC NET's hybrid network resources and services Danish network provider TDC NET is transforming its Operating Support System (OSS) using automation software from Blue Planet, a division of Ciena (NYSE:CIEN). Blue Planet Inventory (BPI), supported on Blue Planet's Cloud Native Platform, will give TDC NET an accurate, unified view of its current mobile and fixed network resources and services. "Denmark is spearheading digitization across Europe and TDC NET is creating and operating the communications infrastructure to support this pivotal role, embracing fiber networks and the best 5G mobile network in Denmark. As
Ciena® Corporation (NYSE:CIEN) today announced that James E. Moylan, Jr., Senior Vice President and Chief Financial Officer (CFO), plans to retire in twelve months, effective August 28, 2025. Ciena intends to commence a search process to identify a successor. Mr. Moylan will continue to serve as CFO until a successor is in place and he will assist in the transition of his responsibilities. "Jim has given more than 16 years of dedicated and distinguished service to Ciena. He has been a key member of our executive team and has played a significant role in the growth of our business and the strength of our operating model," said Gary Smith, president and CEO, Ciena. "Jim has been an incredib
Ciena® Corporation (NYSE:CIEN), a networking systems, services and software company, today announced unaudited financial results for its fiscal third quarter ended July 27, 2024. Q3 Revenue: $942.3 million Q3 Net Income per Share: $0.10 GAAP; $0.35 adjusted (non-GAAP) Share Repurchases: Repurchased approximately 0.6 million shares of common stock for an aggregate price of $29.0 million during the quarter "We delivered strong results for the fiscal third quarter that reflect growing momentum with cloud providers and continued gradual recovery with service providers," said Gary Smith, president and CEO, Ciena. "With leading innovation that is well-aligned with our customers' focus
Arelion and Ciena (NYSE:CIEN) today announced the successful completion of the world's first 1.6 terabits-per-second (Tb/s) wavelengths data transmission in a live network field trial. Powered by Ciena's state-of-the-art WaveLogic 6 Extreme (WL6e), this milestone occurred on Arelion's 470km route between its existing Points-of-Presence (PoPs) in Ashburn, Virginia (Equinix) and Telxius' (Telxius-CLS) Virginia Beach cable landing station, increasing capacity between two critical locations in Arelion's North American network. Following this trial, Arelion will deploy WL6e across its network to increase its ability to serve the surging bandwidth demands of 5G, Artificial Intelligence/Machine Le
Improved network inventory data will help drive operational efficiency, reduce cost and spur innovation across Lumen Lumen Technologies (NYSE:LUMN) has selected intelligent automation software from Blue Planet, a division of Ciena (NYSE:CIEN), to help drive its strategic network inventory transformation initiative. Blue Planet Inventory (BPI) will enable Lumen to consolidate multiple legacy inventory systems, streamline its service delivery and assurance processes, digitize its network assets, and improve global customer experience. Streamlined visibility into its network inventory with BPI will also help accelerate the development, implementation and support of Lumen solutions, including
Ciena routers will help meet bandwidth demands, simplify network infrastructure and improve customer experience The leading provider of telecommunications and Internet services in the Kingdom of Bhutan, Bhutan Telecom is deploying Ciena's (NYSE:CIEN) coherent routing solutions to support booming traffic demands. With Ciena's 5164, 8110 and 8114 routers, Bhutan Telecom will improve the customer experience especially as its customers move towards new technologies like edge cloud applications. Karma Tshewang, Technical Director, Bhutan Telecom said: "Post pandemic, the local community continues to work, play and leverage digital content in the comfort of their homes. We're also seeing rene
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
Utility broadband provider transforms residential connectivity services with high-speed 10 Gb/s PON Sodvin AS, a provider of telecommunications and energy solutions, is leveraging Ciena's (NYSE:CIEN) broadband solution to improve the capacity and reach of its residential broadband services throughout Trøndelag county, Norway. Sodvin utilizes its existing power infrastructure to deploy fiber-optic networks, extending broadband access to residents and businesses in the region. Ciena's XGS-PON solution replaces previously deployed GPON technology to deliver services such as internet and multicast television. XGS-PON provides significantly higher bandwidth compared to GPON, delivering symme
New network based on Ciena WaveLogic 5 technology enables TDC NET to bring new services to market in a sustainable and secure way Danish digital infrastructure provider TDC NET will deploy Ciena's (NYSE:CIEN) converged packet optical solutions to upgrade its metro and long-haul networks with 800G technology. The network upgrades will enable TDC NET to sustainably launch new, advanced services that support its net-zero emissions goal by reducing power consumption compared to its existing DWDM platform. TDC NET will deploy a modern OTN network based on Ciena's 6500 family of Packet Optical platforms, powered by WaveLogic 5 Extreme programmable 800G technology and WaveLogic 5 Nano 100G-400
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
Ciena® Corporation (NYSE:CIEN) expects to announce its fiscal second quarter financial results on Thursday, June 2, 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 shortly