CIENA Corp. (NYSE: CIEN) is 5.18% higher on its value in year-to-date trading and has touched a low of $39.94 and a high of $63.24 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CIEN stock was last observed hovering at around $46.73 in the last trading session, with the day’s gains setting it 0.61%.
Currently trading at $47.34, the stock is 0.02% and -1.22% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.8 million and changing 1.31% at the moment leaves the stock -1.34% off its SMA200. CIEN registered 9.63% gain for a year compared to 6-month loss of -0.11%.
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The stock witnessed a 3.48% gain in the last 1 month and extending the period to 3 months gives it a -0.73%, and is 0.19% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.31% over the week and 2.38% over the month.
CIENA Corp. (CIEN) has around 8483 employees, a market worth around $6.80B and $4.15B in sales. Current P/E ratio is 45.59 and Fwd P/E is 16.53. Profit margin for the company is 3.71%. Distance from 52-week low is 18.53% and -25.14% from its 52-week high. The company has generated returns on investments over the last 12 months (3.45%).
The EPS is expected to shrink by -27.68% this year
The shares outstanding are 144.83M, and float is at 141.67M with Short Float at 2.32%.
CIENA Corp. (CIEN) Insider Activity
The most recent transaction is an insider sale by Phipps Jason, the company’s SVP Global Sales and Marketing. SEC filings show that Phipps Jason sold 2,712 shares of the company’s common stock on Jul 01 ’24 at a price of $48.29 per share for a total of $0.13 million. Following the sale, the insider now owns 96000.0 shares.
CIENA Corp. disclosed in a document filed with the SEC on Jul 01 ’24 that DiPerna Dino (SVP Global R&D) sold a total of 490 shares of the company’s common stock. The trade occurred on Jul 01 ’24 and was made at $48.29 per share for $23662.0. Following the transaction, the insider now directly holds 40825.0 shares of the CIEN stock.
Still, SEC filings show that on Jun 17 ’24, Rothenstein David M (SVP and Chief Strategy Officer) disposed off 3,500 shares at an average price of $46.05 for $0.16 million. The insider now directly holds 217,711 shares of CIENA Corp. (CIEN).
