For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
The price of CIENA Corp (NYSE: CIEN) closed at $60.14 in the last session, up 2.16% from day before closing price of $58.87. In other words, the price has increased by $2.16 from its previous closing price. On the day, 1.96 million shares were traded. CIEN stock price reached its highest trading level at $60.67 during the session, while it also had its lowest trading level at $58.76.
Ratios:
We take a closer look at CIEN’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.05 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 41.68. For the most recent quarter (mrq), Quick Ratio is recorded 2.77 and its Current Ratio is at 3.65. In the meantime, Its Debt-to-Equity ratio is 0.57 whereas as Long-Term Debt/Eq ratio is at 0.56.
On January 28, 2025, JP Morgan Upgraded its rating to Overweight which previously was Neutral and also upped its target price recommendation from $84 to $88.
BofA Securities Upgraded its Neutral to Buy on December 13, 2024, whereas the target price for the stock was revised from $70 to $95.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Apr 15 ’25 when Rothenstein David M sold 2,500 shares for $59.47 per share. The transaction valued at 148,685 led to the insider holds 204,870 shares of the business.
Gage Brodie sold 350 shares of CIEN for $20,478 on Apr 15 ’25. The SVP Global Products & Supply now owns 46,583 shares after completing the transaction at $58.51 per share. On Apr 15 ’25, another insider, DiPerna Dino, who serves as the SVP Global R&D of the company, sold 734 shares for $58.51 each. As a result, the insider received 42,946 and left with 46,247 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CIEN now has a Market Capitalization of 8548660224 and an Enterprise Value of 8915000320. As of this moment, CIENA’s Price-to-Earnings (P/E) ratio for their current fiscal year is 111.41, and their Forward P/E ratio for the next fiscal year is 17.76. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.35. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.11 while its Price-to-Book (P/B) ratio in mrq is 3.07. Its current Enterprise Value per Revenue stands at 2.202 whereas that against EBITDA is 28.042.
Stock Price History:
The Beta on a monthly basis for CIEN is 1.11, which has changed by 0.3806244 over the last 52 weeks, in comparison to a change of 0.0635103 over the same period for the S&P500. Over the past 52 weeks, CIEN has reached a high of $101.44, while it has fallen to a 52-week low of $43.30. The 50-Day Moving Average of the stock is -14.91%, while the 200-Day Moving Average is calculated to be -10.38%.
Shares Statistics:
According to the various share statistics, CIEN traded on average about 2.74M shares per day over the past 3-months and 2419960 shares per day over the past 10 days. A total of 142.53M shares are outstanding, with a floating share count of 139.78M. Insiders hold about 1.67% of the company’s shares, while institutions hold 99.70% stake in the company. Shares short for CIEN as of 1743379200 were 3959977 with a Short Ratio of 1.44, compared to 1740700800 on 3759510. Therefore, it implies a Short% of Shares Outstanding of 3959977 and a Short% of Float of 4.4899996.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
