最新ニュース Ciena (NYSE:CIEN) 株価情報

Ciena

Ciena Corp is a network and technology company. It provides network hardware, software, and services that support the transport, switching, aggregation, service delivery, and management of video, data, and voice traffic on communications networks. It serves various industries such as communication services providers, web-scale providers, cable operators, government, and large enterprises world-wide. The business activities function through Networking Platforms; Platform Software and Services; Blue Planet Automation Software, and Global Services segments. Geographically, its presence is seen in the markets of the United States, Canada, the Caribbean, Latin America, Europe, the Middle East, Africa, the Asia Pacific, Japan, and India. The maximum revenue is generated from Americas.

CIENA Corporation

Ciena Corp

WIIM

CIEN

Ciena shares are trading higher after the company reported better-than-expected Q4 sales results. The stock initially traded lower, but it has since reversed.

Deep-pocketed investors have adopted a bullish approach towards Ciena (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CIEN usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 15 extraordinary options activities for Ciena. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 53% leaning bullish and 33% bearish. Among these notable options, 4 are puts, totaling $212,450, and 11 are calls, amounting to $530,048.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $57.5 to $95.0 for Ciena over the recent three months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Ciena's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Ciena's whale activity within a strike price range from $57.5 to $95.0 in the last 30 days. 
<h3>Ciena Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734017491_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th align="right">Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CIEN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$6.2</td>
<td>$5.8</td>
<td>$6.2</td>
<td>$82.50</td>
<td>$124.0K</td>
<td align="right">515</td>
<td align="right">223</td>
</tr>
<tr>
<td>CIEN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$7.9</td>
<td>$7.9</td>
<td>$7.9</td>
<td>$95.00</td>
<td>$79.0K</td>
<td align="right">0</td>
<td align="right">109</td>
</tr>
<tr>
<td>CIEN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$23.0</td>
<td>$22.4</td>
<td>$23.0</td>
<td>$62.50</td>
<td>$73.6K</td>
<td align="right">301</td>
<td align="right">17</td>
</tr>
<tr>
<td>CIEN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$12.2</td>
<td>$10.4</td>
<td>$12.0</td>
<td>$75.00</td>
<td>$54.5K</td>
<td align="right">679</td>
<td align="right">0</td>
</tr>
<tr>
<td>CIEN</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$2.65</td>
<td>$2.45</td>
<td>$2.55</td>
<td>$85.00</td>
<td>$50.9K</td>
<td align="right">0</td>
<td align="right">67</td>
</tr>
</tbody>
</table>

<h3>About Ciena</h3>
Ciena Corp is a network and technology company. It provides network hardware, software, and services that support the transport, switching, aggregation, service delivery, and management of video, data, and voice traffic on communications networks. It serves various industries such as communication services providers, web-scale providers, cable operators, government, and large enterprises world-wide. The business activities function through Networking Platforms; Platform Software and Services; Blue Planet Automation Software, and Global Services segments. Geographically, its presence is seen in the markets of the United States, Canada, the Caribbean, Latin America, Europe, the Middle East, Africa, the Asia Pacific, Japan, and India. The maximum revenue is generated from Americas.
<h3>Ciena's Current Market Status</h3>
<ul>
<li>With a trading volume of 2,962,131, the price of CIEN is up by 15.87%, reaching $84.83.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 0 days from now.</li>
</ul>
<h3>What The Experts Say On Ciena</h3>
A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $80.25.
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&#x2A; Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for Ciena, targeting a price of $84. 
&#x2A; An analyst from Stifel downgraded its action to Buy with a price target of $82. 
&#x2A; An analyst from Rosenblatt persists with their Neutral rating on Ciena, maintaining a target price of $75. 
&#x2A; Maintaining their stance, an analyst from Needham continues to hold a Buy rating for Ciena, targeting a price of $80. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Ciena, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Markets

Ciena Unusual Options Activity

Ciena Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) reported a fiscal fourth-quarter 2024 revenue decline of 0.5% year-on-year to $1.124 billion, beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/b42457276/ciena-reports-fiscal-fourth-quarter-2024-financial-results" rel="noreferrer noopener">analyst consensus&nbsp;estimate of $1.104 billion</a>.
The American telecommunications networking equipment and software services supplier reported adjusted EPS of $0.54, <a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">missing the&nbsp;analyst consensus estimate of $0.66</a>. The stock fell after the print, but it recouped losses and traded higher in the premarket session.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/legal/24/12/42444266/nvidia-loses-supreme-court-appeal-faces-continued-legal-battle-over-cryptocurrency-disclosure" rel="noreferrer noopener">Nvidia Loses Supreme Court Appeal, Faces Continued Legal Battle Over Cryptocurrency Disclosure</a>
Segments: Total Networking Platforms revenue declined by 2.0% Y/Y to $859.0 million, and Total Global Services decreased by 5.6% Y/Y to $142.0 million.
Margins: The adjusted gross margin declined by 210 bps to 41.6%, and the adjusted operating margin decreased by 380 bps to 10.0%. Two 10%-plus customers represented a total of 31.2% of revenue.
Ciena held $1.33 billion in cash and equivalents and generated $349.3 million in operating cash flow.
The company bought back approximately 2.1 million shares of common stock for an aggregate price of $132.0 million during the quarter.
Chair Transition: Ciena named Lawton W. Fitt as independent Chair of Ciena&#8217;s Board, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/b42457315/ciena-announces-lawton-w-fitt-as-independent-chair-of-board-of-directors" rel="noreferrer noopener">effective December 11, 2024</a>, taking over from Patrick H. Nettles, Ph.D., who retired.&nbsp; Nettles will continue as a director to ensure a seamless transition.
CEO Gary Smith noted that the quarterly revenue and strong order flow reflect the company&#8217;s significant increasing technology leadership and positive industry dynamics. As Cloud and AI drive bandwidth demand across the network, Smith noted that Ciena is positioned for accelerated revenue growth and market share expansion.
Ciena&nbsp;stock surged over 62% year-to-date. At least 4 Wall Street firms, including Stifel, Citigroup, Rosenblatt, and Needham, <a target="_blank" href="https://www.benzinga.com/quote/CIEN/analyst-ratings" rel="noreferrer noopener">raised their price targets</a> on the stock in December 2024. Three of them have a Buy rating on the stock.
Price Action: CIEN stock is up 8.13% at $79.16 premarket at the last check Thursday.
Also Read:
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<li><a href="https://www.benzinga.com/24/12/42439924/match-group-under-pressure-to-deliver-strategy-for-tinders-struggles-and-hinge-growth-at-investor-meeting" target="_blank" rel="noreferrer noopener">Match Group Faces Investor Scrutiny Over Tinder Woes, Hinge Expansion Plans</a></li>
</ul>

Earnings

News

Management

Movers

Tech

Ciena Q4 Earnings: Profit Misses Expectations, Margins Decline, Names New Chair

General

Ciena shares are trading lower after the company reported mixed Q4 financial results.

Earnings Beats

Earnings Misses

Ciena Q4 2024 Adj. EPS $0.54 Misses $0.66 Estimate, Sales $1.124B Beat $1.104B Estimate

U.S. stock futures declined on Thursday in premarket hours after hitting fresh highs on Wednesday. The futures of all the four major indices were trading lower.
November inflation data was in line with analyst expectations, shooting up the probability of a further 25 basis point rate cut in December rose to 98.6% versus 58.75% probability a month ago, according to <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">CME Group&#8217;s FedWatch tool</a>. Federal Reserve officials are currently in a quiet period ahead of their December meeting.
Traders now await the producer price index data, which will be released later today. The 10-year and two-year Treasury notes yielded 4.30% and 4.18%, respectively
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.24%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.16%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.19%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.18%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Wednesday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was down 0.12% to $606.71 and the Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) declined 0.20% to $528.87, according to <a href="https://www.benzinga.com/pro/">Benzinga Pro data</a>.
Cues From The Last Session
The Consumer Price Index (CPI) for November climbed 2.7% year-over-year, aligning with expectations. 1 Core inflation, excluding volatile food and energy costs, held steady at 3.3%.  
The Magnificent Seven's combined <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42445451/nasdaq-100-rallies-to-record-highs-magnificent-7-market-cap-tops-17-trillion-bitcoin-soars-to-100000-whats-driving-markets-wednesday">market cap hits $18.2 trillion,</a> with five giants reaching all-time highs on Wednesday. The Roundhill Magnificent Seven ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAGS#NASDAQ">MAGS</a>), a closely watched benchmark for the group&#8217;s market performance, surged 3.03% on Wednesday, setting a new all-time high.
The Roundhill Magnificent Seven ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAGS#NASDAQ">MAGS</a>) surged 3.03%, its best performance since early November. 
The broader market also participated in the rally. The S&amp;P 500 climbed 0.82%, nearing its all-time high. Small-cap stocks added 0.48%, while the Dow Jones Industrial Average ended 0.22% lower.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>1.77%</td>
<td>20,034.90</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.82%</td>
<td>6,084.19</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.22%</td>
<td>44,148.56</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.48%</td>
<td>2,394.16</td>
</tr>
</tbody>
</table>
</figure>
See Also: <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42445451/nasdaq-100-rallies-to-record-highs-magnificent-7-market-cap-tops-17-trillion-bitcoin-soars-to-100000-whats-driving-markets-wednesday">Nasdaq 100 Rallies To Record Highs, Magnificent 7 Market Cap Tops $17 Trillion, Bitcoin Soars To $100,000: What&#8217;s Driving Markets Wednesday?</a>
Insights From Analysts
Despite the S&amp;P 500 Index nearing record highs on Wednesday, its breadth was skewed in the favour of the bears.
&#8220;117 stocks in the S&amp;P 500 made a new monthly low yesterday, the most since 139 on Halloween. 211 made a 10-day low, most since Sept 6,&#8221; said Ryan Detrick, the chief market strategist at Carson Group.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">117 stocks in the S&amp;P 500 made a new monthly low yesterday, the most since 139 on Halloween. 211 made a 10-day low, most since Sept 6. Not end of world stuff, but clearly some deterioration under the surface taking place.
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1866927212479590411?ref_src=twsrc%5Etfw">December 11, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The breadth has been skewed for the last seven days. &#8220;Since 2010, only happened two other times. Aug &#8217;11 and Dec &#8217;18. Small sample size yes, but not the worst times for bulls going forward,&#8221; added Detrick.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">7 consecutive days there have been more decliners than advancers on the S&amp;P 500. Since 2010, only happened two other times. Aug &#39;11 and Dec &#39;18. Small sample size yes, but not the worst times for bulls going forward.
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1866929220540305836?ref_src=twsrc%5Etfw">December 11, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Talking about balancing growth amid policy shifts, Andrew Pease, the chief investment strategist at Russell Investments said, &#8220;Tax cuts and deregulation could provide a meaningful growth boost, particularly to domestic and cyclical sectors.&#8221;
&#8220;Given lower valuations and improving sentiment, we are more positive on U.S. small-cap equity than we have been in prior years. Large-cap dominance in both earnings and price appreciation will require a catalyst to shift returns in the small-cap direction,&#8221; he added.
Apart from small-caps, Pease in his note said that &#8220;growth managers targeting high-growth cyclical sectors like software, while value managers identify mergers and acquisitions potential in financials and healthcare. Core managers are balancing cyclical exposure and managing risks in rate-sensitive sectors.&#8221;
Citing rich valuations, Alex Chaloff, the chief investment officer at Bernstein Private Wealth Management said that they are still pro-equities.
&#8220;We&#8217;re optimistic on equities, think that valuations are a little bit rich in a pocket of the market, but there are some opportunities. In bonds, you can clip the coupon even if rates move higher from here, which we don&#8217;t think is our base case,&#8221; he said.
See Also: <a href="https://www.benzinga.com/24/12/42453807/spacex-hits-350-billion-valuation-in-insider-share-sale-ceo-elon-musk-says-no-investors-wanted-to-sell-shares">SpaceX Hits $350 Billion Valuation In Insider Share Sale: CEO Elon Musk Says &#8216;No Investors Wanted To Sell Shares&#8217;</a>
Upcoming Economic Data
This week&#8217;s remaining economic calendar with essential data releases that will help investors shape their future plans and strategies.
<ul>
<li>On Thursday, initial jobless claims data till Dec. 7 and the core and headline producer price index for November will be released at 8:30 a.m. ET.</li>
<li>On Friday, the import price index data will be released at 8:30 a.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Macy's, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) was down 1.03% as its net sales decreased 2.4%. Sales growth at Macy's First 50 locations, Bloomingdale's, and Bluemercury was offset primarily by weakness in Macy's non-First 50 locations, digital channels, and cold weather categories.</li>
<li>Nordson Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDSN#NASDAQ">NDSN</a>) fell by 5.43% as the company revenue guidance for the fiscal year 2025 was below analyst expectations.</li>
<li>Adobe Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) declined by 9.99% after its earnings beat estimates but the revenue guidance for the first quarter missed the mark.</li>
<li>Ciena Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) was up 1.08% in the premarket as it is slated to report quarterly earnings before the bell. Wall Street expects it to report quarterly earnings of 66 cents per share on revenue of $1.10 billion.</li>
<li>DBV Technologies SA &#8211; ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBVT#NASDAQ">DBVT</a>) rose by 32.83% after the company announced alignment with the FDA on an accelerated approval pathway for the Viaskin peanut patch in toddlers one to three years old.</li>
<li>Amplitech Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMPG#NASDAQ">AMPG</a>) gained 39.90% after the company priced its $2.2 million registered direct offering of 1.35 million shares at $1.60 per share.</li>
<li>Nuburu Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BURU#NYSE">BURU</a>) was up 22.62% after the company addressed NYSE compliance violations over 4.6 million share issuance.</li>
<li>Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) is in focus as President-elect Donald Trump <a href="https://www.benzinga.com/general/social-media/24/12/42454492/djt-stock-in-focus-as-trump-set-to-ring-nyse-bell-today-heres-why-president-elect-once-threatened-to-shift-trump-media-from-nasdaq">is set to ring </a>the New York Stock Exchange opening bell Thursday.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures were largely unchanged in the early New York session and rose 0.03% to hover around $70.31 per barrel.
The gold spot index fell by 0.37% to $2,746.59 per ounce. The Dollar Index was down 0.12% to 106.581 level.
Asian markets were mixed on Thursday as Australia&#8217;s ASX 200 and India&#8217;s S&amp;P BSE Sensex declined. While, Hong Kong&#8217;s Hang Seng, China&#8217;s CSI 300, Japan&#8217;s Nikkei 225, and South Korea&#8217;s Kospi Index advanced. Most European markets advanced.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/12/42454495/microsoft-expects-800-million-impairment-charge-due-to-gms-cruise-exit-but-analysts-say-its-a-step-in-the-right-direction-for-automaker">Microsoft Expects $800 Million Impairment Charge Due To GM&#8217;s Cruise Exit, Analyst Says It&#8217;s A &#8216;Step In The Right Direction&#8217; For Automaker</a></li>
</ul>
Image Via Shutterstock

Equities

Market Summary

Movers & Shakers

Economics

Federal Reserve

Pre-Market Outlook

Trading Ideas

ADBE

AMPG

BURU

DBVT

MAGS

NDSN

Wall Street Poised To Open Lower A Day After Nasdaq's Record Close Above 20,000: Expert Flags 'Deterioration Under The Surface' As 117 S&P 500 Stocks Hit New Monthly Lows

Ciena Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) will release its fourth-quarter financial results, before the <a href="https://www.benzinga.com/quote/cien/earnings">opening bell, on Thursday, Dec. 12.</a>
Analysts expect the Hanover, Maryland-based retailer to report quarterly earnings at 65 cents per share, down from 75 cents per share in the year-ago period. Ciena projects quarterly revenue of $1.1 billion, compared to $1.13 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Tuesday, Stifel analyst Ruben Roy reiterated Ciena with a Buy and raised the price target from $75 to $82.
Ciena shares gained 3.3% to close at $73.21 on Wednesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/CIEN/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Stifel analyst Ruben Roy reiterated the stock with a Buy rating and raised the price target from $75 to $82 on Dec. 10. This analyst has an accuracy rate of 85%.</li>
<li>Citigroup analyst Jim Suva maintained a Buy rating and boosted the price target from $68 to $84 on Dec. 5. This analyst has an accuracy rate of 69%.</li>
<li>Rosenblatt analyst Mike Genovese maintained a Neutral rating and boosted the price target from $60 to $75 on Dec. 5. This analyst has an accuracy rate of 77%.</li>
<li>Morgan Stanley analyst Meta Marshall downgraded the stock from Overweight to Equal-Weight with a price target of $63 on Oct. 28. This analyst has an accuracy rate of 74%.</li>
<li>Evercore ISI Group analyst Amit Daryanani downgraded the stock from Outperform to In-Line with a price target of $65 on Oct. 15. This analyst has an accuracy rate of 77%.</li>
</ul>
Considering buying CIEN stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="573" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12040627/image-94-1024x573.png" alt="" class="wp-image-689127" style="width:599px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12040627/image-94-1024x573.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12040627/image-94-300x168.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12040627/image-94-768x429.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12040627/image-94.png 1132w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Ciena Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, while the index remained in the &#8220;Neutral&#8221; zone on Wednesday.
U.S. stocks settled mixed on Wednesday, with the Nasdaq Composite recording an all-time high during the session.
Shares of Macy&#8217;s Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) fell around 1% on Wednesday after the company reported third-quarter results. Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) shares gained 5.5% on Wednesday in a possible reaction to the unveiling of Gemini 2.0.
On the economic data front, the Consumer Price Index rose by 2.7% year-over-year in November 2024, exceeding October&#8217;s 2.6% reading and matching analyst estimates of 2.7%, according to TradingEconomics. This marks the second consecutive increase in annual inflation — a trend not seen since April.
Most sectors on the S&amp;P 500 closed on a negative note, with healthcare, consumer staples, and utilities stocks recording the biggest losses on Wednesday. However, communication services and consumer discretionary stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 99 points to 44,148.56 on Wednesday. The S&amp;P 500 rose 0.82% to 6,084.19, while the Nasdaq Composite climbed 1.77% to close at 20,034.89 during Wednesday's session.
Investors are awaiting earnings results from Ciena Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>), Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), and Costco Wholesale Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 51.66, the index remained in the &#8220;Neutral&#8221; zone on Wednesday, versus a prior reading of 47.5.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/12/42437595/jim-cramer-says-keep-owning-this-energy-stock-abbott-laboratories-legal-stuff-is-behind-them">Jim Cramer Says &#8216;Keep Owning&#8217; This Energy Stock, Abbott Laboratories &#8216;Legal Stuff&#8217; Is Behind Them</a></li>
</ul>
Photo courtesy: Shutterstock

AVGO

COST

GOOGL

Nasdaq Settles Above 20,000 Following Inflation Data, Alphabet Surges After Gemini 2.0 Unveil: Fear & Greed Index Remains In 'Neutral' Zone

With U.S. stock futures trading lower this morning on Thursday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Ciena Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) to report quarterly earnings at 66 cents per share on revenue of $1.10 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Ciena shares gained 1.3% to $74.15 in after-hours trading.</li>
<li>Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) posted better-than-expected earnings and sales results for its fourth quarter. The company said it expects first-quarter revenue to be in the range of $5.63 billion to $5.68 billion versus estimates of $5.73 billion. The company anticipates first-quarter adjusted earnings of $4.95 to $5 per share versus estimates of $4.95 per share. Adobe shares dipped 9.2% to $499.48 in the after-hours trading session.</li>
<li>Analysts are expecting Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) to post quarterly earnings at $1.38 per share on revenue of $14.09 billion. The company will release earnings after the markets close. Broadcom shares fell 0.3% to $182.66 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Oxford Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXM#NYSE">OXM</a>) reported weaker-than-expected earnings and sales results for its third quarter on Wednesday. The company said it now sees FY24 earnings of $6.50 to $6.70 per share, compared to estimates of $7.11 per share. The company projects revenue of $1.5 billion to $1.52 billion versus expectations of $1.52 billion. Oxford Industries shares fell 2.6% to $81.90 in the after-hours trading session.</li>
<li>Analysts expect Costco Wholesale Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) to post quarterly earnings at $2.59 per share on revenue of $736.35 million after the closing bell. Costco shares fell 0.02% to $994.49 in after-hours trading.</li>
</ul>
Check This Out:
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/12/42437595/jim-cramer-says-keep-owning-this-energy-stock-abbott-laboratories-legal-stuff-is-behind-them">Jim Cramer Says &#8216;Keep Owning&#8217; This Energy Stock, Abbott Laboratories &#8216;Legal Stuff&#8217; Is Behind Them</a></li>
</ul>
Photo courtesy: Shutterstock

Adobe, Broadcom And 3 Stocks To Watch Heading Into Thursday

<h3>Companies Reporting Before The Bell</h3>
• Live Ventures (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIVE#NASDAQ">LIVE</a>) is likely to report earnings for its fourth quarter. 
• Lovesac (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOVE#NASDAQ">LOVE</a>) is likely to report quarterly loss at $0.28 per share on revenue of $155.26 million. 
• Ciena (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) is estimated to report quarterly earnings at $0.65 per share on revenue of $1.10 billion. 
• Lee Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LEE#NASDAQ">LEE</a>) is likely to report quarterly earnings at $0.65 per share on revenue of $169.88 million. 
• AstroNova (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALOT#NASDAQ">ALOT</a>) is expected to report earnings for its third quarter. 
• Liquidity Services (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LQDT#NASDAQ">LQDT</a>) is estimated to report quarterly earnings at $0.28 per share on revenue of $93.05 million. 
<h3>Companies Reporting After The Bell</h3>
• Quanex Building Prods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NX#NYSE">NX</a>) is estimated to report quarterly earnings at $0.56 per share on revenue of $491.94 million. 
• RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) is projected to report quarterly earnings at $2.64 per share on revenue of $811.81 million. 
• Electrovaya (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELVA#NASDAQ">ELVA</a>) is likely to report quarterly loss at $0.01 per share on revenue of $11.50 million. 
• Costco Wholesale (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) is projected to report quarterly earnings at $3.79 per share on revenue of $62.08 billion. 
• Broadcom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) is estimated to report quarterly earnings at $1.38 per share on revenue of $14.09 billion. 
• Natuzzi (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NTZ#NYSE">NTZ</a>) is likely to report earnings for its third quarter. 
• Good Times Restaurants (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTIM#NASDAQ">GTIM</a>) is estimated to report earnings for its fourth quarter. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ALOT

ELVA

GTIM

LIVE

LOVE

LQDT

Earnings Scheduled For December 12, 2024

Ciena (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) is set to give its latest quarterly earnings report on Thursday, 2024-12-12. Here's what investors need to know before the announcement.
Analysts estimate that Ciena will report an earnings per share (EPS) of $0.65. 
Ciena bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Earnings History Snapshot</h3>
The company's EPS beat by $0.09 in the last quarter, leading to a 4.55% drop in the share price on the following day.
Here's a look at Ciena's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.26</td>
<td>0.14</td>
<td>0.48</td>
<td>0.69</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.35</td>
<td>0.27</td>
<td>0.66</td>
<td>0.75</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-5.0%</td>
<td>-6.0%</td>
<td>3.0%</td>
<td>-4.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1733925641_0.png" alt="eps graph" />
<h3>Ciena Share Price Analysis</h3>
Shares of Ciena were trading at $70.88 as of December 10. Over the last 52-week period, shares are up 59.03%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analyst Views on Ciena</h3>
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Ciena.
With 11 analyst ratings, Ciena has a consensus rating of Buy. The average one-year price target is $71.55, indicating a potential 0.95% upside.
<h3>Analyzing Ratings Among Peers</h3>
In this analysis, we delve into the analyst ratings and average 1-year price targets of Juniper Networks, Lumentum Holdings and F5, three key industry players, offering insights into their relative performance expectations and market positioning.
<ul>
<li>For Juniper Networks, analysts project an Neutral trajectory, with an average 1-year price target of $39.0, indicating a potential 44.98% downside.</li>
<li>As per analysts' assessments, Lumentum Holdings is favoring an Outperform trajectory, with an average 1-year price target of $86.38, suggesting a potential 21.87% upside.</li>
<li>As per analysts' assessments, F5 is favoring an Neutral trajectory, with an average 1-year price target of $237.86, suggesting a potential 235.58% upside.</li>
</ul>
<h3>Peer Metrics Summary</h3>
Within the peer analysis summary, vital metrics for Juniper Networks, Lumentum Holdings and F5 are presented, shedding light on their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Ciena</td>
<td>Buy</td>
<td>-11.76%</td>
<td>$403.94M</td>
<td>0.49%</td>
</tr>
<tr>
<td>Juniper Networks</td>
<td>Neutral</td>
<td>-4.78%</td>
<td>$773.40M</td>
<td>2.03%</td>
</tr>
<tr>
<td>Lumentum Holdings</td>
<td>Outperform</td>
<td>6.08%</td>
<td>$77.90M</td>
<td>-8.89%</td>
</tr>
<tr>
<td>F5</td>
<td>Neutral</td>
<td>5.62%</td>
<td>$602.95M</td>
<td>5.38%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Ciena ranks at the bottom for Revenue Growth among its peers. It is in the middle for Gross Profit. For Return on Equity, Ciena is at the bottom.
<h3>About Ciena</h3>
Ciena Corp is a network and technology company. It provides network hardware, software, and services that support the transport, switching, aggregation, service delivery, and management of video, data, and voice traffic on communications networks. It serves various industries such as communication services providers, web-scale providers, cable operators, government, and large enterprises world-wide. The business activities function through Networking Platforms; Platform Software and Services; Blue Planet Automation Software, and Global Services segments. Geographically, its presence is seen in the markets of the United States, Canada, the Caribbean, Latin America, Europe, the Middle East, Africa, the Asia Pacific, Japan, and India. The maximum revenue is generated from Americas.
<h3>Financial Milestones: Ciena's Journey</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Negative Revenue Trend: Examining Ciena's financials over 3 months reveals challenges. As of 31 July, 2024, the company experienced a decline of approximately -11.76% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Ciena's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 1.51%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Ciena's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 0.49%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Ciena's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.25%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 0.55, Ciena adopts a prudent financial strategy, indicating a balanced approach to debt management.
<a href="https://www.benzinga.com/quote/CIEN/earnings">To track all earnings releases for Ciena visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Ciena Earnings Preview

Stifel analyst Ruben Roy reiterates Ciena (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) with a Buy and raises the price target from $75 to $82.

Price Target

Reiteration

Analyst Ratings

Stifel Reiterates Buy on Ciena, Raises Price Target to $82

Ciena (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) has outperformed the market over the past 15 years by 1.49% on an annualized basis producing an average annual return of 13.43%. Currently, Ciena has a market capitalization of $10.49 billion. 
Buying $1000 In CIEN: If an investor had bought $1000 of CIEN stock 15 years ago, it would be worth $6,675.09 today based on a price of $73.00 for CIEN at the time of writing.
<h3>Ciena's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733844625_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 15 Years Ago Would Be Worth This Much Today

Rosenblatt analyst Mike Genovese maintains Ciena (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) with a Neutral and raises the price target from $60 to $75.

Rosenblatt Maintains Neutral on Ciena, Raises Price Target to $75

Ciena's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) short percent of float has risen 3.49% since its last report. The company recently reported that it has 6.24 million shares sold short, which is 5.64% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.74 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Ciena Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733335211_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Ciena has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Ciena's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Ciena's peer group average for short interest as a percentage of float is 6.95%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

How Is The Market Feeling About Ciena?

Throughout the last three months, 8 analysts have evaluated Ciena (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>), offering a diverse set of opinions from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">3</td>
<td align="right">1</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $68.25, along with a high estimate of $80.00 and a low estimate of $63.00. Observing a 9.2% increase, the current average has risen from the previous average price target of $62.50. 
<img src="https://www.benzinga.com/files/images/story/2024/1733317242_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Ciena. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Ryan Koontz</td>
<td>Needham</td>
<td>Raises</td>
<td>Buy</td>
<td>$80.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Meta Marshall</td>
<td>Morgan Stanley</td>
<td>Maintains</td>
<td>Equal-Weight</td>
<td>$63.00</td>
<td>$63.00</td>
</tr>
<tr>
<td>Amit Daryanani</td>
<td>Evercore ISI Group</td>
<td>Maintains</td>
<td>In-Line</td>
<td>$65.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Karl Ackerman</td>
<td>Exane BNP Paribas</td>
<td>Announces</td>
<td>Neutral</td>
<td>$67.00</td>
<td>-</td>
</tr>
<tr>
<td>Ruben Roy</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$75.00</td>
<td>$68.00</td>
</tr>
<tr>
<td>Meta Marshall</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$63.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Samik Chatterjee</td>
<td>JP Morgan</td>
<td>Announces</td>
<td>Neutral</td>
<td>$65.00</td>
<td>-</td>
</tr>
<tr>
<td>Jim Suva</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$68.00</td>
<td>$44.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Ciena. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Ciena compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Ciena's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Ciena's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/CIEN/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Ciena analyst ratings.</a>
<h2>About Ciena</h2>
Ciena Corp is a network and technology company. It provides network hardware, software, and services that support the transport, switching, aggregation, service delivery, and management of video, data, and voice traffic on communications networks. It serves various industries such as communication services providers, web-scale providers, cable operators, government, and large enterprises world-wide. The business activities function through Networking Platforms; Platform Software and Services; Blue Planet Automation Software, and Global Services segments. Geographically, its presence is seen in the markets of the United States, Canada, the Caribbean, Latin America, Europe, the Middle East, Africa, the Asia Pacific, Japan, and India. The maximum revenue is generated from Americas.
<h3>Understanding the Numbers: Ciena's Finances</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Negative Revenue Trend: Examining Ciena's financials over 3 months reveals challenges. As of 31 July, 2024, the company experienced a decline of approximately -11.76% in revenue growth, reflecting a decrease in top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Ciena's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 1.51%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Ciena's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 0.49%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Ciena's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.25%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Ciena's debt-to-equity ratio is below the industry average. With a ratio of 0.55, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>The Basics of Analyst Ratings</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
Breaking: Wall Street's Next Big Mover
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Glimpse Into The Expert Outlook On Ciena Through 8 Analysts

Needham analyst Ryan Koontz maintains Ciena (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) with a Buy and raises the price target from $75 to $80.

Needham Maintains Buy on Ciena, Raises Price Target to $80

AI, and specifically Generative AI with its ability for predictive analytics, is becoming a critical component of digital transformation and future business growth in almost all industries. Enterprise-grade data networks such as Verizon's will be instrumental in these processes, and Verizon continues to advance its network components to deliver on the promises of AI. In a recent trial in Boston, Verizon moved 1.6 Tb/s of data in its live fiber network on a single-carrier wavelength using <a href="https://www.globenewswire.com/Tracker?data=jEsaVB2cRTvK3bQqbyTHO0WZ7rGV6Qu4UgnYeJ6SxtN_4W-BZBlfjdBh34O8xVoBzGPGUPnsWwnc2VeDBgK_z1squs4lkiPD43cyhJp89LQHhxkBFwp9ztWYfoSj-5wBQ9yW8hUMf1OqKpN5YKbd3ikA1NCwioZaXHbWOK3yEDHTYxItAdo3NtR3o8Nt7Iy92cwJCAoob-856xQgiZwJgajud3S04kTfXQkZSmLilUzw715k6KbeGmzs4Niwfvn5BvPJK6e6SnUpZZVZzwrb1CyAM8twHYwLd50J5gRFFfViQ0DPUEFiI2pCngp3DkkEazk78a8DzBtkqjqNIgWEIebtCJjBdLpuE7OgwpZf46YBDAVuWNSbNmUNjjF66_fcqQUGq83OZsxHYLl7HltBVTcvceuz_mdGUXz-qnHxSScM1hdJoLlIqChXTjtZP6CgKqgoYpdbXAuJwZD1kGcBJcglFZ7w1i8RZteTvxF0iBiosrsQl8ru3ys_siIIHANXl-FGxMnX5RTQAdO-DYtOJA==">Ciena's</a>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) WaveLogic 6 Extreme (<a href="https://www.globenewswire.com/Tracker?data=KDfXHnLxFL6Ym-4uoiVOOK5wA1UpvHeruhAV72AO5TPZd3MSkVRXKc6u9vX1BYo-awwRn0n1j7u_Cg4iUJtKEoH_WTCjIrUMvZ7Yt2Yhj3VqQ05XqLRFywz0SfuWD7LcPwsTKpQAKs8ywklSgA5lM4nK-iGxrWkkaJkvmMHgfE-_gEzaXL64H21u2SzPjS1VGagX_QKjEu6rKviUFDuX6tk2iCJu2jR6sh3HQY5oSFai7hJQs2FMy9mnSZFlb484ngZAcA7bws7wXeBrV9SajMAcPCLzQt8M9yhN5YedR8I9Gk8pPUaw9ohwWR7UGbZpuThDbBIjzs3RFqgpyr-tv0_AIpYwhX8z0n-z6K1qDSDyWeUctrxZj5ShKn_xbSJSvaKt51MPdF2yQX3IC7Q2b4TVC8ANKNjwSXKxBzj0GLSUiBDr_FhQqtPjh9pXeQ-1A-_NE-lY0-3-QFlmne2ypuORdXuI7UE-pyIhb8duHONRkG8m1BWRGKJ0FRaxGTwosvWOotZZ0KqlHwweHsycvaNFhoVXK7sKkc1vpd607A8=">WL6e</a>) coherent optical solution. This next generation technology allows data traveling across Verizon's fiber network to travel farther and faster, leading to a better customer experience. In addition, the upgrade to this new equipment will result in higher reliability and significant energy savings in that portion of the fiber network.

Verizon Advances Its Fiber Network For AI Workloads Using Ciena's WaveLogic 6, A Next Generation Technology That Allows Data Traveling Across Verizon's Fiber Network To Travel Farther And Faster

Ciena WaveLogic 6 Extreme Used To Deploy euNetworks First-Ever 1.6 Tb/s Coherent Solution

Ciena's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) short percent of float has risen 3.56% since its last report. The company recently reported that it has 6.11 million shares sold short, which is 5.52% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.38 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Ciena Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731093400_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Ciena has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Ciena's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Ciena's peer group average for short interest as a percentage of float is 7.21%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into Ciena's Recent Short Interest

Ciena ( ($CIEN) ) just unveiled an update. Ciena announced changes in its Board of Directors with the retirement of Patrick H. Nettles and the appo...

Ciena Updates Board, Bylaws, and Reports Financial Results

Ciena Corporation reported a slight decrease in revenue for Q4 2024, with a net income drop from the previous year.

Ciena Corporation Fails To Meet Expectations In Fiscal Q4 Results

Sees Q1 adjusted gross margin in low 40s range. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial new...

Ciena sees Q1 revenue $1.01B-$1.09B, consensus $1B

Sees adjusted operating margin 15%-16% for FY27. Sees "meaningful" annual free cash flow of 55%-60% of adjusted operating income. Published first o...

Ciena sees average annual revenue up 8%-11% over next 3 years

Check out this morning's top movers from around Wall Street, compiled by The Fly.&nbsp; HIGHER – Intervac&nbsp;(IVAC) up 18% after announcing inten...

Morning Movers: Keros Therapeutics plummets after halting TROPOS trial dosing

Sees adjusted operating expense in FY25 averaging $350M-$360M per quarter. Published first on TheFly – the ultimate source for real-time, market-mo...

Ciena sees FY25 revenue up 8%-11%, FY25 gross margin 42%-44%

Shares of Ciena ($CIEN) declined in pre-market trading after the company reported disappointing Fiscal Q4 earnings. The networking systems company'...

CIEN Earnings: Ciena Stumbles amid Disappointing Q4 Earnings

Sees accelerated revenue growth, improved operating leverage over next few years. Comments taken from Q4 earnings conference call. Published first ...

Ciena says 'incredibly confident in our future'

Ciena (CIEN) is up 17.8%, or $13.03 to $86.24. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news...

Ciena rises 17.8%

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Press Releases

Ciena Announces $1 Billion Share Repurchase Authorization

Sify Doubles National Long Distance Network Capacity with Ciena Technology

On Net Fibra Colombia Deploys Blue Planet to Streamline Delivery of Wholesale Fiber Optic Services

Boldyn Networks Adds Scalable 1.6Tb/s Wavelengths to its Fiber Network in New York and New Jersey

Ziply® Fiber announces 400 Gig "Northern Link Route" connecting Pacific Northwest to Minneapolis and Chicago

euNetworks First to Deploy 1.6 Tb/s Coherent Solution in Europe with Ciena's WaveLogic 6 Extreme

Ciena Announces Reporting Date and Web Broadcast for Fiscal Fourth Quarter and Year End 2024 Results

Verizon advances its fiber network for AI workloads

Ciena Reports Fiscal Fourth Quarter 2024 Financial Results

Ciena Announces Lawton W. Fitt as Independent Chair of Board of Directors

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