Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
After finishing at $65.53 in the prior trading day, CIENA Corp (NYSE: CIEN) closed at $63.95, down -2.41%. In other words, the price has decreased by -$2.41 from its previous closing price. On the day, 8.34 million shares were traded.
Ratios:
Our goal is to gain a better understanding of CIEN by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.29 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.29. 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, JP Morgan on January 28, 2025, Upgraded its rating to Overweight and sets its target price to $88 from $84 previously.
On December 13, 2024, BofA Securities Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $70 to $95.
Morgan Stanley Downgraded its Overweight to Equal-Weight on October 28, 2024, while the target price for the stock was maintained at $63.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 03 ’25 when SMITH GARY B sold 6,800 shares for $76.41 per share. The transaction valued at 519,557 led to the insider holds 398,549 shares of the business.
SMITH GARY B sold 6,800 shares of CIEN for $607,870 on Feb 18 ’25. The President, CEO now owns 405,349 shares after completing the transaction at $89.39 per share. On Feb 18 ’25, another insider, Gage Brodie, who serves as the SVP Global Products & Supply of the company, sold 350 shares for $90.16 each. As a result, the insider received 31,556 and left with 49,197 shares of the company.
Valuation Measures:
As of this moment, CIENA’s Price-to-Earnings (P/E) ratio for their current fiscal year is 111.39, and their Forward P/E ratio for the next fiscal year is 18.79. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.33. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.27 while its Price-to-Book (P/B) ratio in mrq is 3.24.
Stock Price History:
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 -23.48%, while the 200-Day Moving Average is calculated to be -1.93%.
Shares Statistics:
A total of 142.66M shares are outstanding, with a floating share count of 140.57M. Insiders hold about 1.42% of the company’s shares, while institutions hold 99.24% stake in the company.
Earnings Estimates
The current rating of CIENA Corp (CIEN) reflects the combined expertise of 6.0 analysts actively engaged in assessing its market performance.The consensus estimate for the next quarter is $0.6, with high estimates of $0.64 and low estimates of $0.54.
Analysts are recommending an EPS of between $2.66 and $2.29 for the fiscal current year, implying an average EPS of $2.44. EPS for the following year is $3.39, with 13.0 analysts recommending between $3.85 and $3.13.
Revenue Estimates
10 analysts predict $1.09B in revenue for the current quarter. It ranges from a high estimate of $1.11B to a low estimate of $1.06B. As of the current estimate, CIENA Corp’s year-ago sales were $910.83MFor the next quarter, 10 analysts are estimating revenue of $1.11B. There is a high estimate of $1.13B for the next quarter, whereas the lowest estimate is $1.09B.
A total of 10 analysts have provided revenue estimates for CIEN’s current fiscal year. The highest revenue estimate was $4.45B, while the lowest revenue estimate was $4.39B, resulting in an average revenue estimate of $4.42B. In the same quarter a year ago, actual revenue was $4.01BBased on 12 analysts’ estimates, the company’s revenue will be $4.81B in the next fiscal year. The high estimate is $4.9B and the low estimate is $4.67B.
