CIENA Corp (NYSE: CIEN) is -0.91% 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 $85.70 in the last trading session, with the day’s loss setting it -1.66%.
Currently trading at $84.04, the stock is -1.07% and 9.13% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.39 million and changing -1.94% at the moment leaves the stock 43.18% off its SMA200. CIEN registered 66.15% gain for a year compared to 6-month gain of 66.68%. The firm has a 50-day simple moving average (SMA 50) of $77.01 and a 200-day simple moving average (SMA200) of $58.6943.
The stock witnessed a -6.33% loss in the last 1 month and extending the period to 3 months gives it a 27.58%, and is 2.20% 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 3.10% over the week and 3.11% over the month.
CIENA Corp (CIEN) has around 8657 employees, a market worth around $11.94B and $4.01B in sales. Current P/E ratio is 146.39 and Fwd P/E is 24.55. Profit margin for the company is 2.09%. Distance from 52-week low is 94.09% and -8.47% 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 32.21% this year, but quarterly earnings will post 9.80% 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 139.63M with Short Float at 3.31%. 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
Still, SEC filings show that on Jan 15 ’25, DINO DIPERNA (Officer) Proposed Sale 1,502 shares at an average price of $85.91 for $0.13 million. The insider now directly holds shares of CIENA Corp (CIEN).
