This is substantially lower than S&P 500 companies’ average P/E ratio of 35.0 times. Considering that the pandemic resulted in a major slowdown across industries, Ciena’s top-line growth is quite commendable. The optical networking company issued disappointing guidance early last month. This is FREE from Profit Confidential. Palo Alto Networks Inc: Cybersecurity Stock Becoming a 5G Play? Overall, Ciena … Analysts believe the stock price remains undervalued and is in a great position to grow over the next few years. But the two companies provided very different outlooks for the current quarter. Up to 1000 times increased in bandwidth, per unit area Up to 100 times more connected devices Ciena Corporation is a telecommunications networking equipment and software supplier. “We are very excited to welcome Ciena to 5G Americas’ Board of Governors. 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%. 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. Ciena Corporation is followed by the analysts listed above. 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 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. 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. (Source: “S&P 500 PE Ratio,” multpl.com, last accessed October 15, 2020.). For investors searching for the best 5G stocks, Ciena Corporation (NYSE:CIEN) deserves a serious look. 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. 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. The telecom networking equipment veteran crushed analyst estimates in the third quarter. Ciena Corporation (NYSE:CIEN) provides communications equipment that is critical for the deployment of 5G technology. Ciena is committed to ensuring digital accessibility for people with disabilities. The … These purpose-built products contain costs and are quickly deployable and programmable for rapid service velocity. In other words, if you want to get into the hottest 5G companies right now, prepare to pay a pretty penny for them. 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. Ciena is one of the world’s biggest players in advanced optical networking. Potential 5G stocks to buy include Corning , Ciena , Acacia Communications and other fiber-optic players. 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. Now, as I mentioned earlier, the COVID-19 pandemic has impacted the pace of the 5G rollout. A backbone of 5G networks, the Maryland-based telecommunications company will … However you look at it, this 5G company had a solid quarter. 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. 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.). The networking company reported strong first-quarter revenue and earnings. https://www.profitconfidential.com/5g/ciena-corporation-5g-stock-deliver-big-returns/, Ciena Corporation: Why This 5G Stock Could Deliver Big Returns. Cisco Systems ( CSCO ) has agreed to … The maker of long-distance networking equipment delivered a strong earnings surprise, driving share prices to multiyear highs. ... Ciena is a Maryland-based communications equipment … 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%. Credit Card is NOT required. In this article we present the 10 best communication equipment / 5G stocks to buy now. What market participants did not like as much was the guidance. 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 Fool has written over 300 articles on Ciena. At 8:13 a.m other 5G plays, Ciena Corporation, last accessed October,. For long – earnings call for the period ending January 31, 2019 the analysts listed.! 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