CIENA Corp (NYSE: CIEN) is -29.84% 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 $57.84 in the last trading session, with the day’s gains setting it 1.66%.
Currently trading at $59.50, the stock is -0.74% and -14.23% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.2 million and changing 2.87% at the moment leaves the stock -11.49% off its SMA200. CIEN registered 35.94% gain for a year compared to 6-month loss of -10.54%. The firm has a 50-day simple moving average (SMA 50) of $69.3708 and a 200-day simple moving average (SMA200) of $67.2246.
The stock witnessed a -9.24% gain in the last 1 month and extending the period to 3 months gives it a -32.90%, and is 1.71% 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 3.49% over the week and 6.94% over the month.
CIENA Corp (CIEN) has around 8657 employees, a market worth around $8.46B and $4.05B in sales. Current P/E ratio is 110.23 and Fwd P/E is 17.58. Profit margin for the company is 1.95%. Distance from 52-week low is 37.41% and -41.34% 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 39.39% this year.
CIENA Corp (CIEN) Top Institutional Holders
691.0 institutions hold shares in CIENA Corp (CIEN), with institutional investors hold 102.91% of the company’s shares. The shares outstanding are 142.53M, and float is at 139.79M with Short Float at 2.83%. Institutions hold 101.89% 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 10.3715% 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 Apr 15 ’25 at a price of $59.47 per share for a total of $0.15 million. Following the sale, the insider now owns 0.2 million shares.
CIENA Corp disclosed in a document filed with the SEC on Apr 15 ’25 that Gage Brodie (SVP Global Products & Supply) sold a total of 350 shares of the company’s common stock. The trade occurred on Apr 15 ’25 and was made at $58.51 per share for $20478.0. Following the transaction, the insider now directly holds 46583.0 shares of the CIEN stock.
Still, SEC filings show that on Apr 15 ’25, DiPerna Dino (SVP Global R&D) disposed off 734 shares at an average price of $58.51 for $42946.0. The insider now directly holds 46,247 shares of CIENA Corp (CIEN).
