Cisco Systems ( CSCO ) has agreed to … Latest Stock Picks ... Buy This 5G Stock After September's Horrific Crash. CIEN earnings call for the period ending January 31, 2019. Considering that the pandemic resulted in a major slowdown across industries, Ciena’s top-line growth is quite commendable. With the COVID-19 pandemic yet to end, the deployment of 5G networks has been delayed in many regions. Home » 5G » Ciena Corporation: Why This 5G Stock Could Deliver Big Returns, Jing Pan, B.Sc, MA In a time where sales growth might be limited due to pandemic-induced slowing orders, substantial margin expansion is definitely good news. However, it's well on its way to … In today’s red-hot tech sector, there is no shortage of companies trying to capitalize on the booming 5G industry. All rights reserved. Analysts believe the stock price remains undervalued and is in a great position to grow over the next few years. AT&T (T) AT&T (NYSE:T) introduced the first standards based on the mobile 5G network in 12 cities … The Fool has written over 300 articles on Ciena. Guidance for the fiscal fourth quarter came in light. CIEN earnings call for the period ending October 31, 2019. Marijuana Stocks in 2021: Do Canadian Pot Stocks Still Have Upside? Right now, the company is trading at about the same level as it was  at the beginning of this year. And that, my dear reader, is why Ciena Corporation (NYSE:CIEN) could be an opportunity right now. Ciena Corporation is a telecommunications networking equipment and software supplier. Apple (AAPL) Apple is another smart bet for investors looking to benefit from the 5G revolution. Unlike other 5G plays, Ciena has noticed an impact from the COVID-19 pandemic on its sales. Credit Card is NOT required. Just take a look at the chart below. But the two companies provided very different outlooks for the current quarter. The maker of long-distance networking equipment delivered a strong earnings surprise, driving share prices to multiyear highs. CIEN earnings call for the period ending August 30, 2019. What’s more impressive, though, is that the business also became more profitable. ... Ciena is a Maryland-based communications equipment … This seems to be happening currently with the 5G investment cycle. (Source: “Ciena Reports Fiscal Third Quarter 2020 Financial Results,” Ciena Corporation, September 3, 2020.). CIEN stock went on an impressive rally from April to August, but fell sharply after the company’s latest earnings report last month. The optical networking specialist's third-quarter report was more than fine, but guidance for the next period came in a bit light. Ciena Corporation (NYSE:CIEN) provides communications equipment that is critical for the deployment of 5G technology. The company also issued a healthy outlook. Please note that any opinions, estimates or forecasts regarding Ciena Corporation's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Ciena Corporation or its management. Hot 5G stock: Ciena. To put that in perspective, the adjusted gross margin and adjusted operating margin in the year-ago period were 44.7% and 16.2%, respectively. The networking company reported strong first-quarter revenue and earnings. While Ciena stock is not exactly a market favorite at the moment, it deserves investor attention for a very simple reason: because the company’s networking equipment and services help telecom operators deploy 5G networks, it is well positioned to benefit from the 5G era. And, as you’d expect, in their search for growth, investors have already bid up the share prices of many 5G stocks. The networking specialist's problems shouldn't last for long. The company’s business is solid as it stands. Now, as I mentioned earlier, the COVID-19 pandemic has impacted the pace of the 5G rollout. For investors searching for the best 5G stocks, Ciena Corporation (NYSE:CIEN) deserves a serious look. The single most important factor in a company's success is the team that's leading the company. Palo Alto Networks Inc: Cybersecurity Stock Becoming a 5G Play? A backbone of 5G networks, the Maryland-based telecommunications company will … ET by Emily Bary Here are five stocks to own for the 5G network buildout This Triple-Gainer 5G Stock Next to Be Bought Out for Big Dollars. However you look at it, this 5G company had a solid quarter. CIEN earnings call for the period ending July 31, 2018. A very strong quarter lit a fire under the stock. Primary metrics and data points about Ciena. These hardware providers should profit investors as their hardware facilitates 5G service. From Ciena’s fiscal year 2016 to fiscal year 2019, its adjusted earnings per share increased from $0.93 to $2.11, translating to a compound annual growth rate (CAGR) of 31.4%. But as a risk-averse investor, I’m not exactly a fan of buying stocks after they’ve already shot through the roof, especially considering the uncertainties we are still facing at the moment. CIEN makes network equipment components that … Plus, whenever there is a sell-off, market participants have a tendency to first unload the stocks that went up the most before. Ciena Corporation (NYSE:CIEN) went up by 2.37% from its latest closing price compared to the recent 1-year high of $61.51. The company’s stock price has collected 3.95% of gains in the last five trading sessions. We are continually improving the user experience for everyone and applying the relevant accessibility standards. Ciena gives investors an opportunity to take advantage of that growth, thanks to its attractive valuation, strong fundamentals, and solid presence in a key market that could turn it into a top … While Ciena stock is not exactly a market favorite at the moment, it deserves investor attention for a very simple reason: because the company’s networking equipment and services … What market participants did not like as much was the guidance. Real time Ciena (CIEN) stock price quote, stock graph, news & analysis. Headquartered in Hanover, Maryland, the company has been around since 1992 and now serves more than 1,500 customers in over 80 countries around the world. The stock market does not like uncertainty. Here's why. Supriyo Bose November 19, 2020. The optical networking company issued disappointing guidance early last month. (Source: “S&P 500 PE Ratio,” multpl.com, last accessed October 15, 2020.). Ciena stock slips after profit falls short Dec. 10, 2020 at 8:13 a.m. In other words, if you want to get into the hottest 5G companies right now, prepare to pay a pretty penny for them. 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Near-term weakness in the business environment has investors worried, but they should focus on the bigger picture. Ciena ’s stock soared 25% Thursday after the company posted earnings and sales that topped Wall Street’s forecasts. At the bottom line, Ciena generated adjusted earnings of $1.06 per share in the reporting quarter, marking a whopping 49.3% increase from the $0.71 per share earned in the year-ago period. Ciena’s stock price has been increasing at an alarming rate recently, and there’s no reason to think this upward trend won’t continue thanks to the number of huge companies working with Ciena to get ready for 5G. Upgrade to fuel remote work, video streaming, gaming, the Internet of Things, and more Consolidated Communications is working with Ciena (NYSE: CIEN) to upgrade its wireline network to support new and emerging 5G services and applications. Ciena is one of the world’s biggest players in advanced optical networking. Network slicing, converged xHaul transport and dynamic planning capabilities reduce network complexity and increase network adaptability Ciena (NYSE: CIEN) added several new products and capabilities to its 5G Network Solutions aimed at reducing network complexity and fueling operators’ migration from 4G to 5G – from radios to data centers and everything in between. However, once in a while, there’s a big surge in demand which gives stocks like CIEN pricing power and can lead to huge profits and big stock gains. Press Release reported on 01/13/21 that Consolidated Communications Builds 5G-Ready Network with Ciena’s Adaptive IP Solution. Trying to digest the vast amounts of information available online related to 5G is like drinking from a fire hydrant, which is why we’ve decided to kick off a series of blogs over 2018 aiming to concisely explain the most important aspect of 5G written by several experts at Ciena across various disciplines. Optical networking equipment provider Ciena put together a nice set of bullet points which highlights the wow factor around 5G. Hampered by an internal systems upgrade in the first quarter, the telecom equipment maker looks ready to come back swinging. Ciena Corporation (NYSE: CIEN) is a US-based fiber networking specialist, which also produces a number of software-based products that enable network operators to manage xHaul (existing backhaul and fronthaul networks) within 5G networks and beyond. 5G xHaul refers to fronthaul, midhaul, and backhaul transport networks that interconnect cell sites to each other, to mobile core networks, and ultimately to data centers, where end-user data and content is hosted and accessed. Verizon Communications (VZ) Verizon, whose shares also offer a dividend yielding 4.1%, is another … In theory, 5G is … In this article we present the 10 best communication equipment / 5G stocks to buy now. Once the pandemic is over and 5G infrastructure investments pick up, I wouldn’t be surprised to see Ciena stock getting renewed investor attention. Industry, sector and description for Ciena. Ciena provides networking equipment and services to telecom operators for deployment of 5G networks, and this will likely bode well for the stock in the near term. CIEN, Ciena Corporation - Stock quote performance, technical chart analysis, SmartSelect Ratings, Group Leaders and the latest company headlines © Copyright 2021: Lombardi Publishing Corporation. CIEN earnings call for the period ending May 2, 2020. CIEN earnings call for the period ending April 30, 2019. Ciena's offerings form the backbone of 5G Fifth-generation (5G) wireless networks are going to be much faster than 4G networks. 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These three transformative stocks can build a diversified portfolio in an instant. Ciena Corporation is followed by the analysts listed above. Ciena’s product portfolio offers a flexible set of switching and routing platforms for service delivery and aggregation, designed to anticipate the demands of 5G operations. With 5G deployment still in its infancy, CIEN stock … CIEN earnings call for the period ending January 31, 2020. Ciena is committed to ensuring digital accessibility for people with disabilities. CIEN earnings call for the period ending October 31, 2018. The telecom networking equipment veteran crushed analyst estimates in the third quarter. https://www.profitconfidential.com/wp-content/uploads/2020/10/selective-focus-of-dollar-banknotes-in-rolls-with-A6PUJJ7-300x200.jpg, Ciena Reports Fiscal Third Quarter 2020 Financial Results, Ciena Corporation (CIEN) CEO Gary Smith on Q3 2020 Results - Earnings Call Transcript. Trading around $42.00 at the time of this writing, Ciena Corporation has a price-to-earnings (P/E) ratio of 17.3 times. Ciena last reported earnings on September 3, 2020. This is substantially lower than S&P 500 companies’ average P/E ratio of 35.0 times. In the third fiscal 2020 quarter, Ciena Corporation achieved an adjusted gross margin of 48.2% and an adjusted operating margin of 22.4%. Telecom Stock Roundup: Ciena Partners BT Group, Qualcomm Secures Approval & More. For the fourth quarter of Ciena’s fiscal year 2020, management is projecting $800.0 million to $840.0 million in revenue and adjusted gross margin between 46% and 48%. Of course, the upward momentum could be strong. Find the latest Ciena Corporation (CIEN) stock quote, history, news and other vital information to help you with your stock trading and investing. Solid quarterly results and a large share-repurchase program have investors looking up. Ciena’s peer Infinera also saw its stock fall as a result of Ciena’s weak guidance. In the third quarter of the company’s fiscal year 2020, which ended August 1, it generated $976.7 million in revenue, representing a 1.7% increase year-over-year. Green Thumb Industries Inc: 75% Return in 3 Months; More to Come? Read Full Bio. Overall, Ciena … These three tech stocks are solid investments at nearly any price, and two of them are also on sale right now. These purpose-built products contain costs and are quickly deployable and programmable for rapid service velocity. A stock price turnaround could be in the cards for this optical transport provider. CIEN earnings call for the period ending August 1, 2020. And even though the COVID-19 pandemic has impacted Ciena’s business this year, its latest financial results still showed a lot of resilience. This resulted in Q3 orders coming in significantly below revenue, something we have not seen for some time and a softening of our near-term outlook.” (Source: “Ciena Corporation (CIEN) CEO Gary Smith on Q3 2020 Results – Earnings Call Transcript,” Seeking Alpha, September 3, 2020.). In the earnings conference call, Ciena’s chief financial officer, Jim Moylan, said, “the length and breadth of the COVID-19 pandemic and its effect on the global economy remains uncertain, and it is leading to more cautious customer spending behaviors and ongoing difficulties with operationalizing projects. Ciena Corporation (CIEN) CEO Gary Smith on Q3 2020 Results – Earnings Call Transcript. Ciena's fiscal fourth-quarter revenue of $828.5 million was down 14.4% over the prior-year period, though it … No part of this document may be used or reproduced in any manner or means, including print, electronic, mechanical, or by any information storage and retrieval system whatsoever, without written permission from the copyright holder. Ciena provides networking equipment and services to telecom operators for deployment of 5G networks, and this will likely bode well for the stock in the near term. Ciena shares had a quite a ride this year. https://www.profitconfidential.com/5g/ciena-corporation-5g-stock-deliver-big-returns/, Ciena Corporation: Why This 5G Stock Could Deliver Big Returns. Speaking of small companies, Ciena is by far the smallest company on this list, with a market cap of just $8.6 billion. Overall, Ciena … Ciena goes off the rails but provides some silver linings. The … The high-speed networking specialist beat some fourth-quarter analyst targets and missed others, but management expects great results over the next few years. ...when you opt-in for our daily e-letter, Profit Confidential and the special offers that come with it! (Source: “Ciena Corporation Fall 2020,” Ciena Corporation, last accessed October 15, 2020.). Take a closer look at each part of the 5G xHaul network in this three-part blog series from Ciena’s Brian Lavallee. Supplies communications networking equipment, software and services to telecommunications service providers, cable operators, governments and enterprises. CIEN earnings call for the period ending October 31, 2020. This $1 Marijuana Stock on the Verge of Breakout? 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