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The optical networking company issued disappointing guidance early last month. 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. Read Full Bio. Once the pandemic is over and 5G infrastructure investments pick up, I wouldn’t be surprised to see Ciena stock getting renewed investor attention. Ciena goes off the rails but provides some silver linings. Ciena's fiscal fourth-quarter revenue of $828.5 million was down 14.4% over the prior-year period, though it … 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. We are continually improving the user experience for everyone and applying the relevant accessibility standards. In other words, if you want to get into the hottest 5G companies right now, prepare to pay a pretty penny for them. Market data powered by FactSet and Web Financial Group. The company also issued a healthy outlook. Take a closer look at each part of the 5G xHaul network in this three-part blog series from Ciena’s Brian Lavallee. CIEN, Ciena Corporation - Stock quote performance, technical chart analysis, SmartSelect Ratings, Group Leaders and the latest company headlines Ciena is committed to ensuring digital accessibility for people with disabilities. Hampered by an internal systems upgrade in the first quarter, the telecom equipment maker looks ready to come back swinging. Trading around $42.00 at the time of this writing, Ciena Corporation has a price-to-earnings (P/E) ratio of 17.3 times. 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. 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. Speaking of small companies, Ciena is by far the smallest company on this list, with a market cap of just $8.6 billion. Hot 5G stock: Ciena. Of course, the upward momentum could be strong. Guidance for the fiscal fourth quarter came in light. The stock market does not like uncertainty. This is substantially lower than S&P 500 companies’ average P/E ratio of 35.0 times. ...when you opt-in for our daily e-letter, Profit Confidential and the special offers that come with it! In addition to the 5G … In the third fiscal 2020 quarter, Ciena Corporation achieved an adjusted gross margin of 48.2% and an adjusted operating margin of 22.4%. Apple (AAPL) Apple is another smart bet for investors looking to benefit from the 5G revolution. What market participants did not like as much was the guidance. (Source: “S&P 500 PE Ratio,” multpl.com, last accessed October 15, 2020.). 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. Press Release reported on 01/13/21 that Consolidated Communications Builds 5G-Ready Network with Ciena’s Adaptive IP Solution. Ciena’s peer Infinera also saw its stock fall as a result of Ciena’s weak guidance. A very strong quarter lit a fire under the stock. Ciena will join the telecommunication industry’s leading operators and manufacturers on the Board to facilitate the advancement of 5G technology and the transformation of 4G LTE networks in the Americas region. Supriyo Bose November 19, 2020. 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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. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Optical networking equipment provider Ciena put together a nice set of bullet points which highlights the wow factor around 5G. CIEN earnings call for the period ending October 31, 2020. However you look at it, this 5G company had a solid quarter. 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. Massive Shift in Marijuana Stocks, with Potential to See 100% Gains in 2021, What You Need to Know about Marijuana Stocks in 2021 in Order to Profit, 3 Top Green Energy Stocks Under Biden's Environmental Push, Logitech International SA: Tech Stock Soaring After Reaching Major Milestone. Enter Ciena 5G Boot Camp. The networking specialist's problems shouldn't last for long. Home » 5G » Ciena Corporation: Why This 5G Stock Could Deliver Big Returns, Jing Pan, B.Sc, MA Find the latest Ciena Corporation (CIEN) stock quote, history, news and other vital information to help you with your stock trading and investing. CIEN earnings call for the period ending October 31, 2019. 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. AT&T (T) AT&T (NYSE:T) introduced the first standards based on the mobile 5G network in 12 cities … A stock price turnaround could be in the cards for this optical transport provider. 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. The company’s stock price has collected 3.95% of gains in the last five trading sessions. Ciena (CIEN) earnings for the telecommunication company's fiscal fourth quarter of 2019 have CIEN stock taking off on Thursday. Ciena shares had a quite a ride this year. (Source: “Ciena Corporation Fall 2020,” Ciena Corporation, last accessed October 15, 2020.). With the COVID-19 pandemic yet to end, the deployment of 5G networks has been delayed in many regions. Near-term weakness in the business environment has investors worried, but they should focus on the bigger picture. In a time where sales growth might be limited due to pandemic-induced slowing orders, substantial margin expansion is definitely good news. Palo Alto Networks Inc: Cybersecurity Stock Becoming a 5G Play? Ciena Corporation (CIEN) CEO Gary Smith on Q3 2020 Results – Earnings Call Transcript. The single most important factor in a company's success is the team that's leading the company. However, because Ciena Corporation already has a leading market position in its existing operations, it does not need to rely on 5G to generate growth. 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. This $1 Marijuana Stock on the Verge of Breakout? 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. The high-speed networking specialist beat some fourth-quarter analyst targets and missed others, but management expects great results over the next few years. Networks Inc: Cybersecurity stock Becoming a 5G Play the pandemic resulted in a major slowdown industries.: cien ) could be strong … Ciena is committed to ensuring digital accessibility for with! Network in this article we present the 10 best communication equipment / 5G stocks buy... This article we present the 10 best communication equipment / 5G stocks, Ciena Corporation ( cien ) Gary. 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