CIENA Corp (NYSE: CIEN) is -6.23% 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 $80.59 in the last trading session, with the day’s loss setting it -1.06%.
Currently trading at $79.53, the stock is 15.09% and 21.39% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.88 million and changing -1.32% at the moment leaves the stock 15.23% off its SMA200. CIEN registered 61.98% gain for a year compared to 6-month loss of 10.60%.
The stock witnessed a 35.95% gain in the last 1 month and extending the period to 3 months gives it a -10.44%, and is 8.44% 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 3.14% over the week and 3.53% over the month.
CIENA Corp (CIEN) has around 8657 employees, a market worth around $11.30B and $4.05B in sales. Current P/E ratio is 147.33 and Fwd P/E is 23.49. Profit margin for the company is 1.95%. Distance from 52-week low is 77.96% and -21.60% 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
The shares outstanding are 142.53M, and float is at 138.39M with Short Float at 3.04%.
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 May 01 ’25 at a price of $71.90 per share for a total of $0.49 million. Following the sale, the insider now owns 0.37 million shares.
CIENA Corp disclosed in a document filed with the SEC on Apr 15 ’25 that Rothenstein David M (SVP and Chief Strategy Officer) sold a total of 2,500 shares of the company’s common stock. The trade occurred on Apr 15 ’25 and was made at $59.47 per share for $0.15 million. Following the transaction, the insider now directly holds 0.2 million shares of the CIEN stock.
Still, SEC filings show that on Apr 15 ’25, Gage Brodie (SVP Global Products & Supply) disposed off 350 shares at an average price of $58.51 for $20478.0. The insider now directly holds 46,583 shares of CIENA Corp (CIEN).
