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Ciena Corporation (CIEN)

NYSE - Nasdaq Real-time price. Currency in USD
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45.70+0.10 (+0.22%)
At close: 04:00PM EDT
45.10 -0.60 (-1.31%)
After hours: 07:10PM EDT
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  • s
    saybaby
    Ciena is setup for accelerating revenue growth, just need some patience, as they get more consistent supply, to fulfill their huge and growing backlog, they have increasing growth off of a historic high revenue base, so this is definitely a great long term tech investment, good luck, I’ll add on weakness and just be patient…
  • L
    Lance
    Listened to conference call, really pleased with what I heard. All my techs have been reporting some big hiccups due to the supply chain issue and these guys seemed like they have weathered it a lot better than most. It's fitting that the stock has bounced back from the knee jerk reaction early in the day. I have been a fan of this company for a long time and I believe it is one of the best tech companies out there and a good stock value.
  • L
    Lois
    It is human nature to think wisely and act foolishly. http://dataunion.tistory.com/10370 Melior est, quam frangere arcum.
  • L
    Lance
    Anyone know when the archived conference call will be available on their web site?

    Anyway, I bought some more CIEN this morning.
  • O
    OROBIO
    Are you guys still in CIEN? They just got featured on the watchlist at (http://market-engross.club)
  • W
    Winorlose
    Never buy into earnings!
  • W
    William
    Trading this for SQ today! Easy peasy double the profits baby!!!
  • W
    Winorlose
    Poor stats listed here, way over bought
  • W
    William
    Earnings and not a whisper here!…things that make you go hmmm…
  • W
    Winorlose
    Over valued!
  • M
    Madeleine
    Supply chain.
  • W
    William
    Been waiting too long for this sloth!!!
  • R
    Rambo
    This is not so worth, This company surviving on scrap products from other companies..
  • c
    clyde
    Argus reiterates Buy, raises price target to $53. 3/5/2019:

    * Strong beat and guide, raising target to $53.
    * Ciena dipped 2% after initially rallying following a stronger than expected fiscal 1Q19 and a positive outlook for F2Q19. Investors were concerned about gross margins, although high hardware mix is a long term positive.
    * Management reiterated its forecast for at leastr 20% non-GAAP EPS growth over the next three years, which is faster than the historical trend and the outlook for peers.
    * Ciena appears to be taking market share in a profitable way and is not experiencing meaningful pricing erosion. The company continues to diversify its customer base and reduce reliance on traditional telco customers.
    * The volatile CIEN shares have outperformed peers but continue to represent good value, given the accelerating EPS and cash flow growth outlook.

    More gains to come imo.......
  • D
    DrHotstock
    Piper Jaffray Upgrades CIEN to Overweight from Neutral, price target $50 up from $46.

    Piper Jaffray analyst Troy Jensen upgraded Ciena to Overweight from Neutral with a price target of $50, up from 46. Ciena reported another strong quarter with October beating sales consensus estimates. North America continues to drive the upside with 5 consecutive quarters of over 20% year-over-year growth, the analyst points out. He continues to believe Ciena has a "strong first mover status" in 800G platform and views the company as one of the best ways to play the accelerating service provider spending to support 5G wireless networks.
  • Y
    YourDoseofReality
    BofA analyst Tal Liani upgraded Ciena from Neutral to Buy with a price target of $65, up from $49. The analyst is citing the "longer term opportunity" beyond the "weak" first half particularly as spending by North American Tier 1 Service Providers bounce back in the second half of this year and into F2022 following a 15% decline in 2020. Liani further points to a "robust" global bandwidth demand, Ciena's share gain opportunities EMEA IP access networks, a "significant" internet build out in India, aggressive Huawei displacement, and 800G leadership.
  • c
    clyde
    Argus reiterates Buy, $66 price target. 12/10/20

    * Business activity strong, but deployments lag.
    * Ciena is experiencing a bifurcated business environment, in which customers are focused on edge networks while deferring investments on core and metro networks.
    * In a challenging time, Ciena has focused on generating strong free cash flows, which are benefiting from rising margins with more software in the mix.
    * The volatile CIEN shares trade at sharp discounts to peers and historical comparables. We believe they offer value, and look particularly compelling based on discounted free cash flow valuation.
  • c
    clyde
    Yesterday JP Morgan analyst Samik Chatterjee raised his price target for Ciena to $53 from $50 saying he sees further upside in the shares. The analyst sees ~$2B of incremental revenue opportunity for the company through continued consolidation of share away from sub-scale optical system companies, a $2.4B opportunity through accelerated share wins from entrenched players, and "strong" growth opportunities in the Metro segment, which he believes is levered to benefit the most from 5G investments. Further, investor sentiment on Ciena shares stands to "improve materially" as competitive concerns relating to Acacia Communications' product look overdone. Chatterjee keeps an Overweight rating on the shares.
  • B
    Bruno B
    Ciena's Story Is Steadily Improving, But The Stock Hasn't Been So Steady
    Sep. 10, 2019 8:00 AM ET
    |
    About: Ciena Corporation (CIEN), Includes: ACIA, CSCO, INFN, IPHI, NOK

    Stephen Simpson, CFA
    Long only, growth at reasonable price, value, research analyst
    Kratisto Investing

    (10,445 followers)
    Summary
    Ciena once again beat sell-side expectations, but the lack of a boost to guidance seems to have disappointed investors.
    The datacenter business continues to grow nicely, and Ciena is starting to see orders for its 800G technology.
    Ciena is now trading below the low end of my valuation range and looks like an interesting growth story to consider today.
    I’ve written more than once that Ciena (CIEN) shares often give investors “second chances” and that there are fairly frequent gaps between the company’s performance and near-term sentiment. And here we are again – while the company beat expectations in the fiscal third quarter and continues to gain share, the combination of concerns about global spending and management’s “failure” to raise guidance has the shares down about 13% relative to my last update.
    I’ve written before that I like the idea of buying Ciena shares below $40, and as of this writing, that’s where we are, so this is a name that is very high on my prospective buy list. Yes, I am concerned about the potential of slower datacenter spending, as well as lumpiness in service provider deployments, but I’m willing to accept that risk given the share gain, market growth, and margin improvement offsets. Ciena certainly wouldn’t be immune to a broader market sell-off (particularly a tech-led sell-off), but again that’s a risk that I’m willing to accept on balance.
    Another Beat… But No Raise
    Ciena has been enjoying a very good run of better-than-expected quarters, and the third quarter was no exception. Revenue was about 3% better than expected, and arguably even more important were the 200bp-plus beats at the gross and operating margin lines, as operating margin expansion/leverage has been one of the key bull/bear debates.
    Revenue rose 17% this quarter, with roughly similar growth across the major business units. Networking was the leader relative to expectations, though, with nearly 18% growth driving a number 6% higher than expected on 22% growth in converged packet. Software rose 16%, with nearly 140% growth in Blue Planet, but platform growth was just 1% and overall sales were a little shy of expectations again. Service revenue rose almost 17%, with 8% growth in maintenance-related revenue.
    Gross margin improved 430bp in the quarter, well above expectations, and operating income rose 36%, leading to 220bp of margin expansion. Gross margin is tough to model for Ciena on a quarter to quarter basis, as order timing and the make-up of orders can have a big impact; initial hardware installations tend to be lower margin (as do datacenter orders), but subsequent orders typically offer much higher margins.
    All told, telco service provider revenue rose 13%, which I regard as a strong result on balance (and relative to underlying trends at Nokia (NOK), Infinera (INFN), et al). Webscale was even stronger, with Ciena seeing almost 50% revenue growth, and for the first time ever, Ciena’s largest customer in the quarter was not a telco service provider (most likely Google, Facebook (FB), or Amazon (AMZN) ).
    The big negative from the quarter was that management didn’t raise guidance despite the beat, effectively leading to a negative revision for the fiscal fourth quarter. While the book to bill was below 1.0 this quarter, I don’t believe there is anything fundamentally wrong with the business – Ciena has established a track record of relatively conservative guidance, and that seems particularly prudent with the global economic slowdown likely leading at least some customers to reexamine their spending/deployment plans.
    Ongoing Opportunities For Upside
    Trees don’t grow to the sky, but I still see several areas where Ciena can improve and continue to drive attractive growth in the business.
    In the datacenter, Ciena continues to add customers, with eight WaveServer wins in the third quarter and 16 wins for WaveLogic. The company also booked its first 800G WaveLogic order, suggesting the company is more or less on track with its deployment timeline. I’d also note that the strong growth in the Webscale (datacenter) business supports the position that Acacia’s (ACIA) 600G solution hasn’t been meaningfully disruptive to Ciena’s business or the market as a whole.
    Looking beyond the next few quarters, I still see some meaningful growth drivers for Ciena. Roughly 20% of the global metro market is comprised of “other” in the latest Dell’Oro report, and I think the market is going to become increasingly inhospitable to subscale players – customers won’t want to trust critical system deployments to providers where there are concerns about staying power, and those small companies aren’t going to have the revenue coming in to