CIENA Corp (NYSE: CIEN) is -30.69% 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 $58.36 in the last trading session, with the day’s gains setting it 0.42%.
Currently trading at $58.78, the stock is -5.29% and -19.46% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.02 million and changing 0.72% at the moment leaves the stock -12.12% off its SMA200. CIEN registered 25.76% gain for a year compared to 6-month loss of -12.89%. The firm has a 50-day simple moving average (SMA 50) of $72.9796 and a 200-day simple moving average (SMA200) of $66.8831.
The stock witnessed a -5.67% gain in the last 1 month and extending the period to 3 months gives it a -28.53%, and is 9.87% 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 12.26% over the week and 6.76% over the month.
CIENA Corp (CIEN) has around 8657 employees, a market worth around $8.36B and $4.05B in sales. Current P/E ratio is 108.89 and Fwd P/E is 17.25. Profit margin for the company is 1.95%. Distance from 52-week low is 35.75% and -42.05% from its 52-week high. The company has generated returns on investments over the last 12 months (1.82%).
with sales reaching $1.09B over the same period.The EPS is expected to grow by 39.38% this year, but quarterly earnings will post 10.45% year-over-year. Quarterly sales are estimated to grow 19.86% in year-over-year returns.
CIENA Corp (CIEN) Top Institutional Holders
692.0 institutions hold shares in CIENA Corp (CIEN), with institutional investors hold 103.37% of the company’s shares. The shares outstanding are 142.53M, and float is at 139.78M with Short Float at 2.83%. Institutions hold 102.34% 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 Phipps Jason, the company’s SVP Global Sales and Marketing. SEC filings show that Phipps Jason sold 18,888 shares of the company’s common stock on Apr 01 ’25 at a price of $59.88 per share for a total of $1.13 million. Following the sale, the insider now owns 89258.0 shares.
CIENA Corp disclosed in a document filed with the SEC on Apr 01 ’25 that Kosaraju Sheela (SVP and General Counsel) sold a total of 1,381 shares of the company’s common stock. The trade occurred on Apr 01 ’25 and was made at $60.51 per share for $83564.0. Following the transaction, the insider now directly holds 91998.0 shares of the CIEN stock.
Still, SEC filings show that on Apr 01 ’25, JASON PHIPPS (Officer) Proposed Sale 18,888 shares at an average price of $59.88 for $1.13 million. The insider now directly holds shares of CIENA Corp (CIEN).
