CIENA Corp (NYSE: CIEN) is -3.04% lower on its value in year-to-date trading and has touched a low of $43.30 and a high of $91.82 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CIEN stock was last observed hovering at around $81.93 in the last trading session, with the day’s gains setting it 0.3%.
Currently trading at $82.23, the stock is -2.72% and 9.51% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.5 million and changing 0.37% at the moment leaves the stock 42.15% off its SMA200. CIEN registered 73.52% gain for a year compared to 6-month gain of 73.70%. The firm has a 50-day simple moving average (SMA 50) of $75.0862 and a 200-day simple moving average (SMA200) of $57.84805.
The stock witnessed a 11.76% loss in the last 1 month and extending the period to 3 months gives it a 26.02%, and is -3.04% down 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 3.20% over the week and 3.58% over the month.
CIENA Corp (CIEN) has around 8657 employees, a market worth around $11.69B and $4.01B in sales. Current P/E ratio is 143.23 and Fwd P/E is 24.15. Profit margin for the company is 2.09%. Distance from 52-week low is 89.91% and -10.44% from its 52-week high. The company has generated returns on investments over the last 12 months (1.90%).
with sales reaching $1.05B over the same period.The EPS is expected to grow by 32.09% this year, but quarterly earnings will post 9.78% year-over-year. Quarterly sales are estimated to grow 1.08% in year-over-year returns.
634.0 institutions hold shares in CIENA Corp (CIEN), with institutional investors hold 102.64% of the company’s shares. The shares outstanding are 142.66M, and float is at 139.64M with Short Float at 4.41%. Institutions hold 101.69% of the Float.
The top institutional shareholder in the company is FMR LLC with over 21.56 million shares valued at $1.04 billion. The investor’s holdings represent 14.8748 of the CIEN Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 15.61 million shares valued at $752.08 million to account for 10.7717 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 14.98 million shares representing 10.3343 and valued at over $721.54 million, while BARROW HANLEY MEWHINNEY & STRAUSS LLC holds 3.7247 of the shares totaling 5.4 million with a market value of $260.05 million.
CIENA Corp (CIEN) Insider Activity
The most recent transaction is an insider sale by Claflin Bruce L., the company’s Director. SEC filings show that Claflin Bruce L. sold 16,912 shares of the company’s common stock on Jan 06 ’25 at a price of $84.96 per share for a total of $1.44 million. Following the sale, the insider now owns 59347.0 shares.
CIENA Corp disclosed in a document filed with the SEC on Jan 02 ’25 that SMITH GARY B (President, CEO) sold a total of 13,600 shares of the company’s common stock. The trade occurred on Jan 02 ’25 and was made at $83.66 per share for $1.14 million. Following the transaction, the insider now directly holds 0.43 million shares of the CIEN stock.
Still, SEC filings show that on Jan 06 ’25, Claflin Bruce L. (Director) Proposed Sale 16,912 shares at an average price of $84.96 for $1.44 million. The insider now directly holds shares of CIENA Corp (CIEN).
