CIENA Corp (NYSE: CIEN) is -24.60% 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 $65.53 in the last trading session, with the day’s loss setting it -1.58%.
Currently trading at $63.95, the stock is -19.58% and -23.48% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.34 million and changing -2.41% at the moment leaves the stock -1.93% off its SMA200. CIEN registered 21.03% gain for a year compared to 6-month gain of 25.00%.
The stock witnessed a -28.71% loss in the last 1 month and extending the period to 3 months gives it a -11.46%, and is -13.94% 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 6.86% over the week and 5.28% over the month.
CIENA Corp (CIEN) has around 8657 employees, a market worth around $9.12B and $4.01B in sales. Current P/E ratio is 111.39 and Fwd P/E is 18.79. Profit margin for the company is 2.09%. Distance from 52-week low is 47.69% and -36.96% from its 52-week high. The company has generated returns on investments over the last 12 months (1.90%).
with sales reaching $1.09B over the same period.The EPS is expected to grow by 34.91% this year, but quarterly earnings will post 10.08% year-over-year. Quarterly sales are estimated to grow 19.38% in year-over-year returns.
CIENA Corp (CIEN) Top Institutional Holders
The shares outstanding are 142.66M, and float is at 140.57M with Short Float at 2.80%.
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’s President, CEO. SEC filings show that SMITH GARY B sold 6,800 shares of the company’s common stock on Mar 03 ’25 at a price of $76.41 per share for a total of $0.52 million. Following the sale, the insider now owns 0.4 million shares.
CIENA Corp disclosed in a document filed with the SEC on Feb 18 ’25 that SMITH GARY B (President, CEO) sold a total of 6,800 shares of the company’s common stock. The trade occurred on Feb 18 ’25 and was made at $89.39 per share for $0.61 million. Following the transaction, the insider now directly holds 0.41 million shares of the CIEN stock.
Still, SEC filings show that on Feb 18 ’25, Gage Brodie (SVP Global Products & Supply) disposed off 350 shares at an average price of $90.16 for $31556.0. The insider now directly holds 49,197 shares of CIENA Corp (CIEN).
