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Are we looking at the next big move in CIENA Corp (CIEN)?

CIENA Corp (NYSE: CIEN) is -0.86% lower on its value in year-to-date trading and has touched a low of $43.30 and a high of $101.44 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 $86.45 in the last trading session, with the day’s loss setting it -2.37%.

Currently trading at $84.08, the stock is -3.68% and -2.09% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.88 million and changing -2.74% at the moment leaves the stock 31.97% off its SMA200. CIEN registered 54.42% gain for a year compared to 6-month gain of 53.99%.

The stock witnessed a -11.35% loss in the last 1 month and extending the period to 3 months gives it a 26.28%, and is -5.37% 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 3.62% over the week and 4.65% over the month.

CIENA Corp (CIEN) has around 8657 employees, a market worth around $11.99B and $4.01B in sales. Current P/E ratio is 146.46 and Fwd P/E is 24.78. Profit margin for the company is 2.09%. Distance from 52-week low is 94.18% and -17.11% 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 30.76% this year, but quarterly earnings will post 9.82% year-over-year. Quarterly sales are estimated to grow 1.14% in year-over-year returns.

CIENA Corp (CIEN) Top Institutional Holders

The shares outstanding are 142.66M, and float is at 140.07M with Short Float at 3.49%.

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 14.9284% 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 3.7381 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 SMITH GARY B,the company’sPresident, CEO. SEC filings show that SMITH GARY B sold 6,800 shares of the company’s common stock on Feb 18 ’25 at a price of $89.39 per share for a total of $0.61 million. Following the sale, the insider now owns 0.41 million shares.

CIENA Corp disclosed in a document filed with the SEC on Feb 18 ’25 that Gage Brodie (SVP Global Products & Supply) sold a total of 350 shares of the company’s common stock. The trade occurred on Feb 18 ’25 and was made at $90.16 per share for $31556.0. Following the transaction, the insider now directly holds 49197.0 shares of the CIEN stock.

Still, SEC filings show that on Feb 18 ’25, BRODIE GAGE (Officer) Proposed Sale 350 shares at an average price of $90.16 for $31556.0. The insider now directly holds shares of CIENA Corp (CIEN).

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