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How to buy Ciena stock

Learn how to easily invest in Ciena stock.

Ciena Corp
NYSE: CIEN - USD
$42.37
+ $2.01 ( + 4.97%)
COMMUNICATION EQUIPMENT

Ciena Corp 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 8,013 staff and has a trailing 12-month revenue of around $3.7 billion.

How to buy shares in Ciena

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – CIEN – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.
Client disclaimer: US Brokerage services through eToro USA Securities Inc, member of FINRA, SIPC. Crypto assets through eToro USA LLC.

Ciena stock price (NYSE: CIEN)

Use our graph to track the performance of CIEN stocks over time.

Ciena shares at a glance

Information last updated 2022-09-26.
Latest market close$40.36
52-week range$39.87 - $78.28
50-day moving average $49.07
200-day moving average $57.04
Wall St. target price$59.63
PE ratio 31.9685
Dividend yield $0 (0%)
Earnings per share (TTM) $1.27

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

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

Historical closes compared with the close of $40.36 from 2022-09-27

1 week (2022-09-21) -0.93%
1 month (2022-08-24) N/A
3 months (2022-06-28) -12.11%
6 months (2022-03-25) -33.30%
1 year (2021-09-28) -21.40%
2 years (2020-09-28) 1.46%
3 years (2019-09-27) 2.59%
5 years (2017-09-28) 82.87%

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 32x. In other words, Ciena shares trade at around 32x 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

Ciena's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $449 million.

The EBITDA is a measure of a Ciena's overall financial performance and is widely used to measure a its profitability.

Ciena financials

Revenue TTM $3.7 billion
Operating margin TTM 8.4%
Gross profit TTM $1.7 billion
Return on assets TTM 4.07%
Return on equity TTM 7.11%
Profit margin 5.37%
Book value $17.99
Market capitalisation $6.1 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 $39.87 up to $78.28. A popular way to gauge a stock's volatility is its "beta".

CIEN.US volatility(beta: 0.9)Avg. volatility(beta: 1.00)LowHigh

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 0.9029. This would suggest that Ciena's shares are less volatile than average (for this exchange).

Ciena overview

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.

Frequently asked questions

What percentage of Ciena is owned by insiders or institutions?
Currently 0.869% of Ciena shares are held by insiders and 94.808% by institutions.
How many people work for Ciena?
Latest data suggests 8,013 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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