CIEN:NYE-Ciena Corporation (USD)

COMMON STOCK | Communication Equipment | NYE

Last Closing Price

USD 43.99

Change

+0.63 (+1.45)%

Market Cap

USD 6.69B

Volume

1.62M

Average Target Price

USD 57.25 (+30.14%)
Average Analyst Rating

Verdict

Fundamental Analysis

Verdict

About

Ciena Corporation 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 worldwide. The company's Networking Platforms segment offers hardware networking solutions 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, CoreDirector Multiservice Optical Switches, and OTN configuration for the 5410 Reconfigurable Switching System, 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. The company sells its products through direct and indirect sales channels to network operators. Ciena Corporation has collaboration with Infoblox Inc. The company was founded in 1992 and is headquartered in Hanover, Maryland.

Technical Indicators

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2020-11-24 )

Largest Industry Peers for Communication Equipment

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HPE Hewlett Packard Enterprise Com..

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MAXR Maxar Technologies Inc

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VCRA Vocera Communications, Inc

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PLT Plantronics, Inc

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NTIP Network-1 Technologies, Inc

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ETFs Containing CIEN

Symbol Name Weight Mer Price(Change) Market Cap
EQWM Invesco S&P MidCap Qualit.. 0.00 % 0.25 %

N/A

USD0.02B
IGN iShares North American Te.. 0.00 % 0.46 %

+0.88 (+1.62%)

USD0.05B
LTL ProShares Ultra Telecommu.. 0.00 % 0.95 %

+1.11 (+2.95%)

USD0.77M
PXMG Invesco S&P MidCap Moment.. 0.00 % 0.39 %

N/A

USD0.61B
XTL SPDR S&P Telecom ETF 0.00 % 0.35 %

+0.96 (+1.23%)

USD0.04B
JSMD Janus Henderson Small/Mid.. 0.00 % 0.30 %

+0.27 (+0.46%)

USD0.12B
XMHQ Invesco S&P MidCap Qualit.. 0.00 % 0.25 %

+0.78 (+1.23%)

USD0.07B
WOSC:LSE SPDR MSCI World Small Cap.. 0.00 % 0.45 %

+0.99 (+1.55%)

USD0.43B
ZPRS:F SPDR MSCI World Small Cap.. 0.00 % 0.45 %

+1.67 (+2.36%)

USD0.47B
ZPRS:XETRA SPDR MSCI World Small Cap.. 0.00 % 0.45 %

+1.15 (+1.61%)

USD0.47B

Market Performance

  Market Performance vs.
Industry/Classification (Communication Equipment)
Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 3.05% 43% F 62% D-
Dividend Return N/A N/A N/A N/A N/A
Total Return 3.05% 43% F 56% F
Trailing 12 Months  
Capital Gain 16.84% 57% F 79% C+
Dividend Return N/A N/A N/A N/A N/A
Total Return 16.84% 57% F 77% C+
Trailing 5 Years  
Capital Gain 74.63% 75% C 80% B-
Dividend Return N/A N/A N/A N/A N/A
Total Return 74.63% 75% C 77% C+
Average Annual (5 Year Horizon)  
Capital Gain 24.85% N/A N/A 93% A
Dividend Return N/A N/A N/A N/A N/A
Total Return 24.85% N/A N/A 93% A
Risk Return Profile  
Volatility (Standard Deviation) 24.62% N/A N/A 30% F
Risk Adjusted Return 100.96% N/A N/A 91% A-
Market Capitalization 6.69B 64% D 79% C+
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Key Financial Ratios

  Ratio vs. Industry/Classification
(Communication Equipment)
Ratio vs. Market
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Market Value  
Price / Earning Ratio 17.63 80% B- 49% F
Price/Book Ratio 2.70 25% F 32% F
Price / Cash Flow Ratio 16.20 36% F 24% F
EV/EBITDA 9.98 67% D+ 63% D
Management Effectiveness  
Return on Equity 16.56% 100% A+ 84% B
Return on Invested Capital 10.47% 86% B 73% C
Return on Assets 8.21% 86% B 92% A-
Debt to Equity Ratio 31.32% 42% F 73% C
Technical Ratios  
Short Ratio 1.72 64% D 58% F
Short Percent 2.24% 77% C+ 67% D+
Beta 0.82 57% F 67% D+
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

Fundamental Analysis Breakdown

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Underpriced compared to earnings

The stock is trading low compared to its peers on a price to earning basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Superior return on equity

The company management has delivered better return on equity in the most recent 4 quarters then its peers, placing it in the top quartile.

Superior capital utilization

The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior return on assets

The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

High Gross Profit to Asset Ratio

This stock is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This is a popular measure among value investors for showing superior returns in the long run.

What to not like:
Overpriced compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

Overpriced on cashflow basis

The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Higly leveraged

The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.