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In the latest session, CIENA Corp (NYSE: CIEN) closed at $84.81 down -0.24% from its previous closing price of $85.01. In other words, the price has decreased by -$0.24 from its previous closing price. On the day, 1.3 million shares were traded. CIEN stock price reached its highest trading level at $85.38 during the session, while it also had its lowest trading level at $84.38.
Ratios:
For a deeper understanding of CIENA Corp’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.61 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 32.04. For the most recent quarter (mrq), Quick Ratio is recorded 2.70 and its Current Ratio is at 3.52. In the meantime, Its Debt-to-Equity ratio is 0.58 whereas as Long-Term Debt/Eq ratio is at 0.57.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on December 13, 2024, Upgraded its rating to Buy and sets its target price to $95 from $70 previously.
On October 28, 2024, Morgan Stanley Downgraded its rating to Equal-Weight which previously was Overweight but kept the price unchanged to $63.
Evercore ISI Downgraded its Outperform to In-line on October 15, 2024, while the target price for the stock was maintained at $65.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Dec 26 ’24 when DiPerna Dino sold 2,682 shares for $87.64 per share. The transaction valued at 235,050 led to the insider holds 50,607 shares of the business.
Gage Brodie sold 350 shares of CIEN for $30,674 on Dec 26 ’24. The SVP Global Products & Supply now owns 49,897 shares after completing the transaction at $87.64 per share. On Dec 26 ’24, another insider, DINO DIPERNA, who serves as the Officer of the company, bought 2,682 shares for $87.64 each.
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 12052857856 and an Enterprise Value of 13453461504. As of this moment, CIENA’s Price-to-Earnings (P/E) ratio for their current fiscal year is 147.73, and their Forward P/E ratio for the next fiscal year is 24.91. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.34. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.99 while its Price-to-Book (P/B) ratio in mrq is 4.30. Its current Enterprise Value per Revenue stands at 3.346 whereas that against EBITDA is 36.933.
Stock Price History:
Over the past 52 weeks, CIEN has reached a high of $91.82, while it has fallen to a 52-week low of $43.30. The 50-Day Moving Average of the stock is 15.61%, while the 200-Day Moving Average is calculated to be 48.72%.
Shares Statistics:
For the past three months, CIEN has traded an average of 2.07M shares per day and 1786110 over the past ten days. A total of 142.66M shares are outstanding, with a floating share count of 139.63M. Insiders hold about 1.75% of the company’s shares, while institutions hold 100.79% stake in the company. Shares short for CIEN as of 1732838400 were 6256998 with a Short Ratio of 2.98, compared to 1730332800 on 6032453. Therefore, it implies a Short% of Shares Outstanding of 6256998 and a Short% of Float of 5.6199998.
