CIENA Corp (NYSE: CIEN) is -22.46% 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 $69.42 in the last trading session, with the day’s loss setting it -3.66%.
Currently trading at $65.76, the stock is -4.21% and -17.35% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.28 million and changing -5.27% at the moment leaves the stock -0.60% off its SMA200. CIEN registered 29.12% gain for a year compared to 6-month gain of 6.61%. The firm has a 50-day simple moving average (SMA 50) of $79.8926 and a 200-day simple moving average (SMA200) of $66.07385.
The stock witnessed a -16.00% loss in the last 1 month and extending the period to 3 months gives it a -24.74%, and is -0.21% 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 3.55% over the week and 5.29% over the month.
CIENA Corp (CIEN) has around 8657 employees, a market worth around $9.35B and $4.05B in sales. Current P/E ratio is 121.82 and Fwd P/E is 19.30. Profit margin for the company is 1.95%. Distance from 52-week low is 51.87% and -35.17% from its 52-week high. The company has generated returns on investments over the last 12 months (1.82%).
The EPS is expected to grow by 39.38% this year
693.0 institutions hold shares in CIENA Corp (CIEN), with institutional investors hold 103.47% of the company’s shares. The shares outstanding are 142.53M, and float is at 140.14M with Short Float at 3.00%. Institutions hold 102.45% 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 14.9284 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 10.8105 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 Rothenstein David M, the company’s SVP and Chief Strategy Officer. SEC filings show that Rothenstein David M sold 2,500 shares of the company’s common stock on Mar 24 ’25 at a price of $68.88 per share for a total of $0.17 million. Following the sale, the insider now owns 0.21 million shares.
Still, SEC filings show that on Mar 17 ’25, SMITH GARY B (President, CEO) disposed off 6,800 shares at an average price of $65.18 for $0.44 million. The insider now directly holds 391,749 shares of CIENA Corp (CIEN).
