Ciena Corp Stock Today
| CIEN Stock | USD 70.13 1.96 2.88% |
Performance12 of 100
| Odds Of DistressLess than 1
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Ciena Corp is selling at 70.13 as of the 25th of November 2024; that is 2.88% increase since the beginning of the trading day. The stock's open price was 68.17. Ciena Corp has a very small chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Note, on September 6, 2024, Representative John James of US Congress acquired under $15k worth of Ciena Corp's common stock.
Business Domain Technology Hardware & Equipment | IPO Date 7th of February 1997 | Category Technology | Classification Information Technology |
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. Ciena Corporation was founded in 1992 and is headquartered in Hanover, Maryland. The company has 144.43 M outstanding shares of which 6.03 M shares are currently shorted by private and institutional investors with about 2.98 trading days to cover. More on Ciena Corp
Moving together with Ciena Stock
| 0.93 | CSCO | Cisco Systems Aggressive Push | PairCorr |
Moving against Ciena Stock
Follow Valuation Profit Patterns Odds of Bankruptcy
Fiscal Year End 5th of December 2024
Ciena Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| CEO | Gary Smith | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Communications Equipment, Technology Hardware & Equipment, Information Technology, NYSE Composite, SP Midcap 400, Nasdaq CTA Artificial, ARCA Networking, Information Technology, Communications Equipment, Communication Equipment, Technology (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsCiena Corp can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Ciena Corp's financial leverage. It provides some insight into what part of Ciena Corp's total assets is financed by creditors.
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Ciena Corp (CIEN) is traded on New York Stock Exchange in USA. It is located in 7035 Ridge Road, Hanover, MD, United States, 21076 and employs 8,313 people. Ciena Corp is listed under Communications Equipment category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 10.13 B. Ciena Corp conducts business under Communications Equipment sector and is part of Information Technology industry. The entity has 144.43 M outstanding shares of which 6.03 M shares are currently shorted by private and institutional investors with about 2.98 trading days to cover.
Ciena Corp currently holds about 1.18 B in cash with 168.33 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 7.98.
Check Ciena Corp Probability Of Bankruptcy
Ownership AllocationThe majority of Ciena Corp outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Ciena Corp to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Ciena Corp. Please pay attention to any change in the institutional holdings of Ciena Corp as this could imply that something significant has changed or is about to change at the company. On September 6, 2024, Representative John James of US Congress acquired under $15k worth of Ciena Corp's common stock.
Check Ciena Ownership Details
Ciena Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Bank Of America Corp | 2024-06-30 | 2.5 M | |
| Geode Capital Management, Llc | 2024-09-30 | 2.4 M | |
| Atreides Management, Lp | 2024-09-30 | 2.2 M | |
| Neuberger Berman Group Llc | 2024-06-30 | 2 M | |
| Pacer Advisors, Inc. | 2024-06-30 | 2 M | |
| Rima Management, Llc | 2024-09-30 | 2 M | |
| Alyeska Investment Group, L.p. | 2024-09-30 | 1.9 M | |
| Victory Capital Management Inc. | 2024-09-30 | 1.9 M | |
| Diamond Hill Capital Management Inc | 2024-09-30 | 1.7 M | |
| Fmr Inc | 2024-09-30 | 21.7 M | |
| Blackrock Inc | 2024-06-30 | 15.6 M |
Ciena Corp Historical Income Statement
Ciena Stock Against Markets
Ciena Corp Corporate Directors
| Judith OBrien | Independent Director | Profile | |
| Joanne Olsen | Independent Director | Profile | |
| Bruce Claflin | Independent Director | Profile | |
| Lawton Fitt | Independent Director | Profile |
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Is Communications Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ciena Corp. If investors know Ciena will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ciena Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.50) | Earnings Share 0.94 | Revenue Per Share 27.627 | Quarterly Revenue Growth (0.12) | Return On Assets 0.0252 |
The market value of Ciena Corp is measured differently than its book value, which is the value of Ciena that is recorded on the company's balance sheet. Investors also form their own opinion of Ciena Corp's value that differs from its market value or its book value, called intrinsic value, which is Ciena Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ciena Corp's market value can be influenced by many factors that don't directly affect Ciena Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ciena Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ciena Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ciena Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.