ciena 5g stock

However, it's well on its way to … (Source: “Ciena Reports Fiscal Third Quarter 2020 Financial Results,” Ciena Corporation, September 3, 2020.). Ciena goes off the rails but provides some silver linings. In this article we present the 10 best communication equipment / 5G stocks to buy now. The high-speed networking specialist beat some fourth-quarter analyst targets and missed others, but management expects great results over the next few years. We are continually improving the user experience for everyone and applying the relevant accessibility standards. Take a closer look at each part of the 5G xHaul network in this three-part blog series from Ciena’s Brian Lavallee. Overall, Ciena … 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. These three tech stocks are solid investments at nearly any price, and two of them are also on sale right now. “We are very excited to welcome Ciena to 5G Americas’ Board of Governors. For investors searching for the best 5G stocks, Ciena Corporation (NYSE:CIEN) deserves a serious look. The company also issued a healthy outlook. Right now, the company is trading at about the same level as it was  at the beginning of this year. 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. The company’s stock price has collected 3.95% of gains in the last five trading sessions. Supriyo Bose November 19, 2020. Read Full Bio. All rights reserved. In the third fiscal 2020 quarter, Ciena Corporation achieved an adjusted gross margin of 48.2% and an adjusted operating margin of 22.4%. 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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. Verizon Communications (VZ) Verizon, whose shares also offer a dividend yielding 4.1%, is another … This $1 Marijuana Stock on the Verge of Breakout? Marijuana Stocks in 2021: Do Canadian Pot Stocks Still Have Upside? Supplies communications networking equipment, software and services to telecommunications service providers, cable operators, governments and enterprises. In theory, 5G is … Plus, whenever there is a sell-off, market participants have a tendency to first unload the stocks that went up the most before. Ciena stock slips after profit falls short Dec. 10, 2020 at 8:13 a.m. CIEN earnings call for the period ending May 2, 2020. Here's why. 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. At the end of the day, keep in mind that with the recent pullback in CIEN stock, value has started to appear. Potential 5G stocks to buy include Corning , Ciena , Acacia Communications and other fiber-optic players. Real time Ciena (CIEN) stock price quote, stock graph, news & analysis. These purpose-built products contain costs and are quickly deployable and programmable for rapid service velocity. Telecom Stock Roundup: Ciena Partners BT Group, Qualcomm Secures Approval & More. Palo Alto Networks Inc: Cybersecurity Stock Becoming a 5G Play? 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%. Ciena’s peer Infinera also saw its stock fall as a result of Ciena’s weak guidance. Now, as I mentioned earlier, the COVID-19 pandemic has impacted the pace of the 5G rollout. Ciena Corporation (CIEN) CEO Gary Smith on Q3 2020 Results – Earnings Call Transcript. This is FREE from Profit Confidential. AT&T (T) AT&T (NYSE:T) introduced the first standards based on the mobile 5G network in 12 cities … And even though the COVID-19 pandemic has impacted Ciena’s business this year, its latest financial results still showed a lot of resilience. CIEN earnings call for the period ending April 30, 2019. In other words, if you want to get into the hottest 5G companies right now, prepare to pay a pretty penny for them. CIEN, Ciena Corporation - Stock quote performance, technical chart analysis, SmartSelect Ratings, Group Leaders and the latest company headlines 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. 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. ET by Emily Bary Here are five stocks to own for the 5G network buildout https://www.profitconfidential.com/5g/ciena-corporation-5g-stock-deliver-big-returns/, Ciena Corporation: Why This 5G Stock Could Deliver Big Returns. 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. Analysts believe the stock price remains undervalued and is in a great position to grow over the next few years. The Fool has written over 300 articles on Ciena. Just take a look at the chart below. Green Thumb Industries Inc: 75% Return in 3 Months; More to Come? Ciena is one of the world’s biggest players in advanced optical networking. CIEN earnings call for the period ending January 31, 2019. What’s more impressive, though, is that the business also became more profitable. (Source: “Ciena Corporation Fall 2020,” Ciena Corporation, last accessed October 15, 2020.). Near-term weakness in the business environment has investors worried, but they should focus on the bigger picture. ... Ciena is a Maryland-based communications equipment … In addition to the 5G … Press Release reported on 01/13/21 that Consolidated Communications Builds 5G-Ready Network with Ciena’s Adaptive IP Solution. (Source: “S&P 500 PE Ratio,” multpl.com, last accessed October 15, 2020.). Speaking of small companies, Ciena is by far the smallest company on this list, with a market cap of just $8.6 billion. 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. In a time where sales growth might be limited due to pandemic-induced slowing orders, substantial margin expansion is definitely good news. These hardware providers should profit investors as their hardware facilitates 5G service. The optical networking specialist's third-quarter report was more than fine, but guidance for the next period came in a bit light. 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 optical networking company issued disappointing guidance early last month. 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. CIEN earnings call for the period ending January 31, 2020. The company’s business is solid as it stands. Ciena shares had a quite a ride this year. This seems to be happening currently with the 5G investment cycle. What market participants did not like as much was the guidance. 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. Hampered by an internal systems upgrade in the first quarter, the telecom equipment maker looks ready to come back swinging. Ciena Corporation (NYSE:CIEN) went up by 2.37% from its latest closing price compared to the recent 1-year high of $61.51. A stock price turnaround could be in the cards for this optical transport provider. 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. CIEN earnings call for the period ending October 31, 2018. The … 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 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. Ciena last reported earnings on September 3, 2020. CIEN earnings call for the period ending October 31, 2020. Guidance for the fiscal fourth quarter came in light. 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. Ciena (CIEN) earnings for the telecommunication company's fiscal fourth quarter of 2019 have CIEN stock taking off on Thursday. This Triple-Gainer 5G Stock Next to Be Bought Out for Big Dollars. Ciena is committed to ensuring digital accessibility for people with disabilities. Latest Stock Picks ... Buy This 5G Stock After September's Horrific Crash. Solid quarterly results and a large share-repurchase program have investors looking up. And, as you’d expect, in their search for growth, investors have already bid up the share prices of many 5G stocks. 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. CIEN earnings call for the period ending October 31, 2019. Analyst estimates in the last five trading sessions networking equipment and software supplier factor in a great to. 5G stocks to buy now $ 42.00 at the end of the world ’ Brian... ) could be strong Maryland-based Communications equipment … Hot 5G stock could Deliver Big Returns noticed... Of the 5G xHaul network in this article we present the 10 best communication equipment / 5G,... At about the same level as it was at the beginning of this writing, ’. Plus, whenever there is no shortage of companies trying to capitalize on ciena 5g stock of! 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