Key Details
Price
$70.85Annual Revenue
$4.39 BAnnual EPS
$1.71Annual ROE
9.16%Beta
1.53Events Calendar
Next earnings date:
Dec 12, 2024Recent quarterly earnings:
Sept 04, 2024Recent annual earnings:
Dec 07, 2023Next ex-dividend date:
N/ARecent ex-dividend date:
N/ANext split:
N/ARecent split:
Sept 25, 2006Analyst ratings
Recent major analysts updates
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Boldyn Networks is utilizing Ciena's scalable wavelength service, offering up to 1.6Tb/s per channel.
Advanced network enhancements powered by Ciena's WaveLogic 6 coherent optical technology benefits carriers, enterprises and hyperscalers with reliable, high-speed connections between data centers NEW YORK , Oct. 21, 2024 /PRNewswire/ -- Boldyn Networks (Boldyn), one of the world's largest shared network infrastructure providers, today announced the deployment of scalable wavelength service up to 1.6Tb/s per channel across its fiber network in New York and New Jersey. Boldyn is one of the first in the world to implement WaveLogic 6 technology from Ciena (NYSE: CIEN), significantly enhancing network capacity and efficiency to meet the growing demands of carriers, enterprises and hyperscalers seeking reliable, high-capacity connections between data centers.
AI could give this optical networking company a big boost.
The artificial intelligence (AI) boom has been underway throughout 2024 despite many legacy technologies still undergoing normalization after a fantastic post-pandemic reopening surge in 2021. The acceleration of AI deployment is helping to lift legacy technologies like cloud computing, virtualization, networking, and hard disk drives (HDDs) as enterprises work through the inventory glut.
Ciena Corporation CIEN has announced that On Net Fibra Colombia (ON NET FIBRA) is utilizing automation software from Blue Planet, a division of Ciena, to facilitate its transition to a cloud-native Operations Support System (OSS). The adoption of the Blue Planet Cloud Native Platform enables ON NET FIBRA to streamline service delivery with advanced inventory, orchestration and assurance applications built on this platform, enhancing customer connectivity and improving operational efficiency.
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.
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.
Ciena (CIEN) reported earnings 30 days ago. What's next for the stock?
CIEN's board of directors approves $1 billion for share buybacks for 2025-2027 to maximize shareholder returns.
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.
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