CIENA Corp (NYSE: CIEN) is -14.59% 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 $72.46 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $72.44, the stock is -8.86% and 3.06% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.18 million and changing -0.03% at the moment leaves the stock 1.15% off its SMA200. CIEN registered 49.18% gain for a year compared to 6-month gain of 0.29%. The firm has a 50-day simple moving average (SMA 50) of $70.2906 and a 200-day simple moving average (SMA200) of $71.61645.
The stock witnessed a -3.08% loss in the last 1 month and extending the period to 3 months gives it a 13.28%, and is -13.00% 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 6.78% over the week and 3.40% over the month.
CIENA Corp (CIEN) has around 8657 employees, a market worth around $10.24B and $4.26B in sales. Current P/E ratio is 100.91 and Fwd P/E is 21.83. Profit margin for the company is 2.46%. Distance from 52-week low is 62.09% and -28.59% from its 52-week high. The company has generated returns on investments over the last 12 months (2.41%).
The EPS is expected to grow by 24.25% this year.
CIENA Corp (CIEN) Top Institutional Holders
720.0 institutions hold shares in CIENA Corp (CIEN), with institutional investors hold 101.69% of the company’s shares. The shares outstanding are 141.69M, and float is at 138.85M with Short Float at 2.81%. Institutions hold 100.70% 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 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 Jun 02 ’25 at a price of $80.62 per share for a total of $0.55 million. Following the sale, the insider now owns 0.36 million shares.
CIENA Corp disclosed in a document filed with the SEC on May 15 ’25 that SMITH GARY B (President, CEO) sold a total of 6,800 shares of the company’s common stock. The trade occurred on May 15 ’25 and was made at $79.89 per share for $0.54 million. Following the transaction, the insider now directly holds 0.36 million shares of the CIEN stock.
Still, SEC filings show that on May 15 ’25, Gage Brodie (SVP Global Products & Supply) disposed off 350 shares at an average price of $78.67 for $27534.0. The insider now directly holds 46,233 shares of CIENA Corp (CIEN).
