How to buy Ciena stock
Learn how to easily invest in Ciena stock.
Ciena is a communication equipment business based in the US. Ciena shares (CIEN) are listed on the NYSE and all prices are listed in US Dollars. Ciena employs 8,623 staff and has a trailing 12-month revenue of around $4.2 billion.
How to buy Ciena stock
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- Search for the stock name – CIEN. Search for the stock by name or ticker symbol.
- Buy the stock. Place your order. It's that simple.
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Ciena stock price (NYSE: CIEN)Use our graph to track the performance of CIEN stocks over time.
Ciena shares at a glance
|Latest market close||$47.14|
|52-week range||$38.33 - $54.25|
|50-day moving average||$43.54|
|200-day moving average||$46.66|
|Wall St. target price||$59.04|
|Dividend yield||$0 (0%)|
|Earnings per share (TTM)||$1.46|
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Is it a good time to buy Ciena stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Ciena price performance over time
|1 week (2023-09-15)||-3.42%|
|1 month (2023-08-24)||14.67%|
|3 months (2023-06-23)||14.92%|
|6 months (2023-03-24)||-4.25%|
|1 year (2022-09-22)||14.86%|
|2 years (2021-09-24)||-9.38%|
|3 years (2020-09-24)||21.43%|
|5 years (2018-09-24)||50.41%|
Is Ciena stock undervalued or overvalued?
Valuing Ciena stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Ciena's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Ciena's P/E ratio
Ciena's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 33x. In other words, Ciena shares trade at around 33x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Ciena's PEG ratio
Ciena's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.77. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Ciena's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Ciena's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $518.1 million.
The EBITDA is a measure of a Ciena's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$4.2 billion|
|Operating margin TTM||8.92%|
|Gross profit TTM||$1.6 billion|
|Return on assets TTM||4.44%|
|Return on equity TTM||7.88%|
|Market Capitalization||$7.2 billion|
TTM: trailing 12 months
Ciena share dividends
We're not expecting Ciena to pay a dividend over the next 12 months.
Have Ciena's shares ever split?
Ciena's shares were split on a 1:7 basis on 24 September 2006. So if you had owned 7 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Ciena shares – just the quantity. However, indirectly, the new 600% higher share price could have impacted the market appetite for Ciena shares which in turn could have impacted Ciena's share price.
Ciena share price volatility
Over the last 12 months, Ciena's shares have ranged in value from as little as $38.33 up to $54.25. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Ciena's is 0.9129. This would suggest that Ciena's shares are less volatile than average (for this exchange).
Ciena Corporation provides hardware and software services for delivery of video, data, and voice traffic metro, aggregation, and access communications network worldwide. The company's Networking Platforms segment offers convergence of coherent optical transport, open optical networking, IP routing, and switching services. Its products include 6500 Packet-Optical Platform, 5400 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 the 5000 family of service aggregation switches, as well as 8700 Packetwave Platform 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 that support network solutions. The company's Global Services segment provides consulting and network design, installation and deployment, maintenance support, and training services.
Ciena in the news
Avaroa, BW Digital, Ciena, and Vodafone Cook Islands Team Up to Provide Internet Connectivity in Schools
Ciena's (CIEN) Blue Planet Powers Virgin Media's Fiber Service
Virgin Media Ireland Automates Delivery of Next-Gen Fibre Broadband Services with Blue Planet
Frequently asked questionsWhat percentage of Ciena is owned by insiders or institutions?
Currently 0.971% of Ciena shares are held by insiders and 94.82% by institutions. How many people work for Ciena?
Latest data suggests 8,623 work at Ciena. When does the fiscal year end for Ciena?
Ciena's fiscal year ends in October. Where is Ciena based?
Ciena's address is: 7035 Ridge Road, Hanover, MD, United States, 21076 What is Ciena's ISIN number?
Ciena's international securities identification number is: US1717793095 What is Ciena's CUSIP number?
Ciena's Committee on Uniform Securities Identification Procedures number is: 171779101
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