CIENA Corp (NYSE: CIEN) is -20.81% lower on its value in year-to-date trading and has touched a low of $44.69 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 $67.36 in the last trading session, with the day’s loss setting it -0.2%.
Currently trading at $67.16, the stock is 10.90% and 0.91% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.74 million and changing -0.30% at the moment leaves the stock -0.89% off its SMA200. CIEN registered 44.09% gain for a year compared to 6-month loss of 4.74%. The firm has a 50-day simple moving average (SMA 50) of $66.5532 and a 200-day simple moving average (SMA200) of $67.7656.
The stock witnessed a 11.14% gain in the last 1 month and extending the period to 3 months gives it a -17.45%, and is 7.30% 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 3.30% over the week and 6.85% over the month.
CIENA Corp (CIEN) has around 8657 employees, a market worth around $9.55B and $4.05B in sales. Current P/E ratio is 124.42 and Fwd P/E is 19.84. Profit margin for the company is 1.95%. Distance from 52-week low is 50.28% and -33.79% 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 39.39% this year, but quarterly earnings will post 10.42% year-over-year. Quarterly sales are estimated to grow 19.86% in year-over-year returns.
695.0 institutions hold shares in CIENA Corp (CIEN), with institutional investors hold 102.73% of the company’s shares. The shares outstanding are 142.53M, and float is at 139.79M with Short Float at 3.21%. Institutions hold 101.71% 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).
