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 |
|---|---|---|---|
| 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 |
| 4/12/2024 | $44.00 | Sell | Citigroup |
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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
Citigroup initiated coverage of Ciena with a rating of Sell and set a new price target of $44.00
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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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.
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
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
Upgrade from 300G to 600G will support upcoming AI workloads Sify Technologies (Sify) today announced that it has deployed Ciena's (NYSE:CIEN) optical technology to connect its seven Metro Area Networks across India. Starting with an express path between Mumbai and New Delhi, Sify has upgraded its countrywide National Long Distance network to support services up to 600G. This upgrade will help interconnect its key Artificial Intelligence (AI) ready data center hubs in Mumbai, Chennai and Noida and the surrounding metro areas with a highly scalable network. "India is embracing digitization with bandwidth demand skyrocketing from global cloud providers and digital enterprises. Using Ciena's
Ciena (NYSE:CIEN) today announced that its Board of Directors has authorized a program to repurchase up to $1 billion of the company's common stock, commencing in fiscal year 2025 and continuing through the end of fiscal year 2027. "Our new share repurchase program reflects the confidence we have in the ongoing strength of our business, cash generation, and operating results. It also highlights the competitive advantage we enjoy with our robust balance sheet," said Ciena's Chief Financial Officer James E. Moylan, Jr. "As we approach the completion of fiscal year 2024 and successfully wrap up our existing three-year repurchase program, this step demonstrates our continued priority to return
Raises ceiling for high-availability network services while using 80% less power NEW YORK, Sept. 25, 2024 /PRNewswire/ -- Lightpath, an all-fiber, infrastructure-based connectivity provider that is revolutionizing how organizations connect to their digital destinations, and Ciena (NYSE:CIEN), a global leader in networking systems, services, and software, recently deployed the industry's first known 400 Gb/s protected optical circuit utilizing power-efficient and high-performance pluggable technologies. The achievement increases the maximum bandwidth levels that customers can utilize to deploy persistent, mission-critical services while utilizing 80% less electricity.
New Mediterranean submarine cable by Medloop France strengthens Sipartech's pan-European terrestrial and undersea infrastructure Sipartech, a leading infrastructure operator in Europe, is leveraging Ciena's (NYSE:CIEN) GeoMesh Extreme submarine network solution to provide wholesale 400GbE services over an 800Gb/s wavelength on its submarine network and bolster the resilience and quality of its extensive pan-European network. The deployment includes both terrestrial and submarine routes, including the submarine cable system managed by Medloop France, connecting Barcelona, Spain, to Marseille, France, and Genoa, Italy. This strategic expansion enhances Sipartech's ability to provide high-ca
Coherent-Lite offering boosts scalability, efficiency, and performance of data center and campus networks to handle growing traffic from cloud, machine learning, and AI Ciena (NYSE:CIEN) continues to push technology boundaries by bringing to market a 1.6 Tb/s Coherent-Lite pluggable to help cloud and data center providers cope with the expected growth in cloud, machine learning, and Artificial Intelligence (AI) related traffic. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240923243587/en/Ciena's 1.6 Tb/s Coherent-Lite pluggable will help cloud and data center providers cope with the expected growth in cloud, machine learning,
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