These three transformative stocks can build a diversified portfolio in an instant. Plus, whenever there is a sell-off, market participants have a tendency to first unload the stocks that went up the most before. Here's why. All rights reserved. This is substantially lower than S&P 500 companies’ average P/E ratio of 35.0 times. With the COVID-19 pandemic yet to end, the deployment of 5G networks has been delayed in many regions. The company’s business is solid as it stands. 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. Ciena is one of the world’s biggest players in advanced optical networking. CIEN earnings call for the period ending October 31, 2018. Of course, the upward momentum could be strong. AT&T (T) AT&T (NYSE:T) introduced the first standards based on the mobile 5G network in 12 cities … 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. Ciena’s peer Infinera also saw its stock fall as a result of Ciena’s weak guidance. Primary metrics and data points about Ciena. 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.). 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 very excited to welcome Ciena to 5G Americas’ Board of Governors. Ciena last reported earnings on September 3, 2020. 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. Overall, Ciena … But the two companies provided very different outlooks for the current quarter. You can unsubscribe at any time. Right now, the company is trading at about the same level as it was  at the beginning of this year. CIEN earnings call for the period ending August 1, 2020. CIEN earnings call for the period ending April 30, 2019. Hampered by an internal systems upgrade in the first quarter, the telecom equipment maker looks ready to come back swinging. 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. This $1 Marijuana Stock on the Verge of Breakout? CIEN earnings call for the period ending August 30, 2019. Solid quarterly results and a large share-repurchase program have investors looking up. We are continually improving the user experience for everyone and applying the relevant accessibility standards. For investors searching for the best 5G stocks, Ciena Corporation (NYSE:CIEN) deserves a serious look. CIEN, Ciena Corporation - Stock quote performance, technical chart analysis, SmartSelect Ratings, Group Leaders and the latest company headlines ET by Emily Bary Here are five stocks to own for the 5G network buildout ...when you opt-in for our daily e-letter, Profit Confidential and the special offers that come with it! 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. Unlike other 5G plays, Ciena has noticed an impact from the COVID-19 pandemic on its sales. Ciena Corporation (NYSE:CIEN) provides communications equipment that is critical for the deployment of 5G technology. Supriyo Bose November 19, 2020. (Source: “Ciena Reports Fiscal Third Quarter 2020 Financial Results,” Ciena Corporation, September 3, 2020.). In theory, 5G is … Find the latest Ciena Corporation (CIEN) stock quote, history, news and other vital information to help you with your stock trading and investing. 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%. 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. What’s more impressive, though, is that the business also became more profitable. © Copyright 2021: Lombardi Publishing Corporation. However you look at it, this 5G company had a solid quarter. In today’s red-hot tech sector, there is no shortage of companies trying to capitalize on the booming 5G industry. Ciena (CIEN) earnings for the telecommunication company's fiscal fourth quarter of 2019 have CIEN stock taking off on Thursday. Ciena Corporation (CIEN) CEO Gary Smith on Q3 2020 Results – Earnings Call Transcript. 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. The optical networking specialist's third-quarter report was more than fine, but guidance for the next period came in a bit light. Analysts believe the stock price remains undervalued and is in a great position to grow over the next few years. A very strong quarter lit a fire under the stock. Latest Stock Picks ... Buy This 5G Stock After September's Horrific Crash. Cisco Systems ( CSCO ) has agreed to … 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. Ciena ’s stock soared 25% Thursday after the company posted earnings and sales that topped Wall Street’s forecasts. Supplies communications networking equipment, software and services to telecommunications service providers, cable operators, governments and enterprises. 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. Real time Ciena (CIEN) stock price quote, stock graph, news & analysis. In a time where sales growth might be limited due to pandemic-induced slowing orders, substantial margin expansion is definitely good news. 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. CIEN earnings call for the period ending October 31, 2020. Ciena stock slips after profit falls short Dec. 10, 2020 at 8:13 a.m. CIEN earnings call for the period ending January 31, 2020. CIEN earnings call for the period ending July 31, 2018. This is FREE from Profit Confidential. 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. The high-speed networking specialist beat some fourth-quarter analyst targets and missed others, but management expects great results over the next few years. CIEN makes network equipment components that … Market data powered by FactSet and Web Financial Group. Ciena goes off the rails but provides some silver linings. And, as you’d expect, in their search for growth, investors have already bid up the share prices of many 5G stocks. Near-term weakness in the business environment has investors worried, but they should focus on the bigger picture. Take a closer look at each part of the 5G xHaul network in this three-part blog series from Ciena’s Brian Lavallee. CIEN earnings call for the period ending October 31, 2019. The … Green Thumb Industries Inc: 75% Return in 3 Months; More to Come? The company’s stock price has collected 3.95% of gains in the last five trading sessions. The company also issued a healthy outlook. https://www.profitconfidential.com/5g/ciena-corporation-5g-stock-deliver-big-returns/, Ciena Corporation: Why This 5G Stock Could Deliver Big Returns. 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. In addition to the 5G … 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. In other words, if you want to get into the hottest 5G companies right now, prepare to pay a pretty penny for them. ... Ciena is a Maryland-based communications equipment … (Source: “Ciena Corporation Fall 2020,” Ciena Corporation, last accessed October 15, 2020.). Trading around $42.00 at the time of this writing, Ciena Corporation has a price-to-earnings (P/E) ratio of 17.3 times. 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 that, my dear reader, is why Ciena Corporation (NYSE:CIEN) could be an opportunity right now. These hardware providers should profit investors as their hardware facilitates 5G service. The Fool has written over 300 articles on Ciena. Just take a look at the chart below. Ciena Corporation is a telecommunications networking equipment and software supplier. A stock price turnaround could be in the cards for this optical transport provider. Guidance for the fiscal fourth quarter came in light. The telecom networking equipment veteran crushed analyst estimates in the third quarter. What market participants did not like as much was the guidance. This seems to be happening currently with the 5G investment cycle. CIEN earnings call for the period ending May 2, 2020. Ciena Corporation is followed by the analysts listed above. Telecom Stock Roundup: Ciena Partners BT Group, Qualcomm Secures Approval & More. Press Release reported on 01/13/21 that Consolidated Communications Builds 5G-Ready Network with Ciena’s Adaptive IP Solution. In the third fiscal 2020 quarter, Ciena Corporation achieved an adjusted gross margin of 48.2% and an adjusted operating margin of 22.4%. 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. A backbone of 5G networks, the Maryland-based telecommunications company will … 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 … 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. 3 Top Green Energy Stocks Under Biden’s Environmental Push, Sprout Social Stock Up 245% This Year; Why There’s More to Come, Alphatec Holdings Inc Up 434% From March Low & It’s Only the Start, Clarivate PLC: Data Stock Up 75% in 2020; More to Come, Digital Turbine Inc: 2020 Was Transformational as Stock Soared 684%, MACOM Stock: 5G Play Has Tremendous Upside Potential in 2021, GrowGeneration Stock Soars on Record Preliminary 2020 Results, Shares of Plug Power Inc Rip Higher on New $1.5-Billion Deal, Radius Global Infrastructure Inc: Ignored 5G Landlord Poised to Rise in 2021, PCTY Stock Forecast: Paylocity Stock En Route to Deliver Triple-Digit Returns, SSTI Stock Forecast: ShotSpotter Stock Likely to Post Higher Gains, TRHC Stock: Leading in the Medication Safety Space, TDOC Stock Forecast: Teladoc Health Stock Set to Deliver Triple-Digit Returns, APPF Stock Forecast: AppFolio Stock Strengthens on Niche Focus, Pot Stocks: New Victory on the Road to New York Marijuana Legalization, Here’s Why Marijuana Stocks Could See a Massive Boost in 2021. 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 … The single most important factor in a company's success is the team that's leading the company. Ciena's offerings form the backbone of 5G Fifth-generation (5G) wireless networks are going to be much faster than 4G networks. Credit Card is NOT required. Ciena's fiscal fourth-quarter revenue of $828.5 million was down 14.4% over the prior-year period, though it … Overall, Ciena … These three tech stocks are solid investments at nearly any price, and two of them are also on sale right now. The networking company reported strong first-quarter revenue and earnings. Enter Ciena 5G Boot Camp. Optical networking equipment provider Ciena put together a nice set of bullet points which highlights the wow factor around 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 Corporation (NYSE:CIEN) went up by 2.37% from its latest closing price compared to the recent 1-year high of $61.51. CIEN earnings call for the period ending January 31, 2019. Once the pandemic is over and 5G infrastructure investments pick up, I wouldn’t be surprised to see Ciena stock getting renewed investor attention. Considering that the pandemic resulted in a major slowdown across industries, Ciena’s top-line growth is quite commendable. 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. Why Investors Need to Look Past Ciena's Near-Term Troubles, CIENA Corp (CIEN) Q4 2020 Earnings Call Transcript, Now Is the Time to Go All-In on These 3 Breakout Stocks, Buy This 5G Stock After September's Horrific Crash, Ciena's Gloomy Outlook Casts a Dark Cloud Over Infinera Stock, This High-Flying Tech Stock Is on Sale After a Massive Crash, CIENA Corp (CIEN) Q3 2020 Earnings Call Transcript, Why Ciena Corporation Shares Are Soaring Today, Here's Why Ciena Corporation Stock Fell 16.1% in August, CIENA Corp (CIEN) Q2 2020 Earnings Call Transcript, CIENA Corp (CIEN) Q1 2020 Earnings Call Transcript, CIENA Corp (CIEN) Q4 2019 Earnings Call Transcript, CIENA Corp (CIEN) Q3 2019 Earnings Call Transcript, CIENA Corp (CIEN) Q2 2019 Earnings Call Transcript, CIENA Corp (CIEN) Q1 2019 Earnings Conference Call Transcript, Ciena Corporation (CIEN) Q4 2018 Earnings Conference Call Transcript, Ciena (CIEN) Q3 2018 Earnings Conference Call Transcript, Copyright, Trademark and Patent Information. Apple (AAPL) Apple is another smart bet for investors looking to benefit from the 5G revolution. The optical networking company issued disappointing guidance early last month. 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 shares had a quite a ride this year. Speaking of small companies, Ciena is by far the smallest company on this list, with a market cap of just $8.6 billion. 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%. Hot 5G stock: Ciena. At the end of the day, keep in mind that with the recent pullback in CIEN stock, value has started to appear. The stock market does not like uncertainty. Up to 1000 times increased in bandwidth, per unit area Up to 100 times more connected devices This Triple-Gainer 5G Stock Next to Be Bought Out for Big Dollars. Marijuana Stocks in 2021: Do Canadian Pot Stocks Still Have Upside? 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. Industry, sector and description for Ciena. And even though the COVID-19 pandemic has impacted Ciena’s business this year, its latest financial results still showed a lot of resilience. In this article we present the 10 best communication equipment / 5G stocks to buy now. (Source: “S&P 500 PE Ratio,” multpl.com, last accessed October 15, 2020.). Potential 5G stocks to buy include Corning , Ciena , Acacia Communications and other fiber-optic players. 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. 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. Home » 5G » Ciena Corporation: Why This 5G Stock Could Deliver Big Returns, Jing Pan, B.Sc, MA The networking specialist's problems shouldn't last for long. These purpose-built products contain costs and are quickly deployable and programmable for rapid service velocity. CIEN stock went on an impressive rally from April to August, but fell sharply after the company’s latest earnings report last month. Ciena is committed to ensuring digital accessibility for people with disabilities. 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. Palo Alto Networks Inc: Cybersecurity Stock Becoming a 5G Play? 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