Ciena Corporation CIEN shares are trading lower on Monday. JP Morgan analyst Samik Chatterjee downgraded the company to Neutral from Overweight with a price target of $65. The analyst writes that the downgrade is due to current valuations overlooking key factors that limit EPS upside, including constrained telco spending, limited gross margin levers compared to peers, and lower exposure to cloud capital expenditures. Chatterjee says that the capex growth outlook for U.S. telcos is muted for 2025, with inter ...

Ciena Today CIEN Ciena $64.07 -2.62 (-3.93%) 52-Week Range $39.94 ▼ $66.78 P/E Ratio 61.61 Price Target $61.00 Add to Watchlist Ciena Co. NYSE: CIEN can be considered a legacy company in the computer and technology sector when it comes to the Internet. It was one of the original manufacturers of optical fiber, which provided networking switches and connectivity solutions since 1992. The company has managed to stay relevant, unlike so many internet boom companies, and remains on the cutting edge of the artif ...

A month has gone by since the last earnings report for Ciena (CIEN) . Shares have added about 24.5% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Ciena due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Ciena Q3 Earnings Top Estimates Ciena reported third-quarter fi ...

Ciena Corporation (CIEN) recently announced its board of directors' decision to buy back up to $1 billion worth of its common stock, commencing in fiscal 2025 and extending through the end of fiscal 2027. Investors cheered the development leading to a 7.4% jump in CIEN's stock price in the last trading session. The new authorization comes at a time when the company approaches the completion of its existing repurchase program, which has run successfully for the past three years. In the last reported quarter, ...

Shares of Ciena Corp (CIEN, Financial) surged 6.54% in mid-day trading on Oct 2. The stock reached an intraday high of $65.95, before settling at $65.47, up from its previous close of $61.45. This places CIEN 0.73% below its 52-week high of $65.95 and 63.92% above its 52-week low of $39.94. Trading volume was 1,503,628 shares, 82.0% of the average daily volume of 1,834,723. Wall Street Analysts Forecast Based on the one-year price targets offered by 14 analysts, the average target price for Ciena Corp (CIEN ...

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 ...

Ciena Corporation (CIEN) is advancing technology with the launch of a 1.6 terabits-per-second (Tb/s) Coherent-Lite pluggable, designed to assist cloud and data center providers in managing anticipated increases in traffic from cloud services, machine learning and artificial intelligence (AI). The WaveLogic 6 Nano (WL6n) 1.6 Tb/s prototype will be featured at Ciena's booth (A14) during ECOC 2024. Ciena enhances its offerings for high-performance data center fabrics and campus applications with the introducti ...

文章核心观点 - 尽管花旗银行将Ciena股票从"卖出"评级上调至"买入",并将目标价上调至68美元,但Ciena股票仍然估值较高,估值倍数达到30倍自由现金流和61.5倍市盈率 [1][3] - 花旗分析师认为,尽管北美电信公司2024年资本支出可能下降3%,但2025年将反弹并增长3% [1] - 花旗分析师认为,Ciena在为云服务提供商提供网络设备方面的优势,以及投资者将从半导体转向人工智能相关的更便宜的投资标的,将有助于Ciena的增长 [2] 行业总结 - 北美电信公司2024年资本支出可能下降3%,但2025年将反弹并增长3% [1] - 电信设备行业目前存在供给过剩的问题,但这种影响正在减弱 [2] - 云服务提供商对网络设备的需求将有助于Ciena的增长 [2] - 投资者可能会从半导体转向人工智能相关的更便宜的投资标的 [2] 公司总结 - Ciena去年第四季度销售下滑12%,利润下降52% [2] - 花旗分析师预计Ciena 2025年销售增长将达到中高个位数,高于行业平均水平 [2] - 尽管Ciena在为云服务提供商提供网络设备方面有优势,但其估值仍然较高,达到30倍自由现金流和61.5倍市盈率 [1][3]

Ciena Corp (NYSE:CIEN) stock is on the rise today, up 4.2% at $61.18 at last glance, after a rare double upgrade from Citigroup. The firm raised its rating to "buy" from "sell," with a price-target hike to $68 from $44, as analysts grow increasingly optimistic toward the networking stock and its growth potential. Today's pop has CIEN breaking above recent pressure at the $59 region, and nearing its Mar. 4 record high of $63.24. Since the start of 2024, the equity is up more than 36%. Of the 17 analysts in c ...

Ciena Corporation (CIEN) recently announced that Danish network provider TDC NET has adopted automation software from Blue Planet, a Ciena division, to enhance its Operating Support System. Utilizing Blue Planet Inventory (BPI), running on Blue Planet's Cloud Native Platform, TDC NET will gain a precise and unified view of its mobile and fixed network resources and services. Blue Planet provides the industry's only cloud-native Operations Support System platform. Its intelligent automation portfolio helps c ...