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As of close of business last night, CIENA Corp.’s stock clocked out at $66.06, down -0.29% from its previous closing price of $66.25. In other words, the price has decreased by -$0.29 from its previous closing price. On the day, 1.15 million shares were traded. CIEN stock price reached its highest trading level at $67.17 during the session, while it also had its lowest trading level at $65.49.
Ratios:
To gain a deeper understanding of CIEN’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.66 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 33.81. For the most recent quarter (mrq), Quick Ratio is recorded 2.97 and its Current Ratio is at 4.04. In the meantime, Its Debt-to-Equity ratio is 0.55 whereas as Long-Term Debt/Eq ratio is at 0.54.
On October 09, 2024, Exane BNP Paribas Downgraded its rating to Neutral which previously was Outperform and also upped its target price recommendation from $59 to $67.
JP Morgan Downgraded its Overweight to Neutral on October 07, 2024, while the target price for the stock was maintained at $65.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Oct 15 ’24 when Rothenstein David M sold 3,500 shares for $67.43 per share. The transaction valued at 236,005 led to the insider holds 199,997 shares of the business.
Cumello Joseph sold 1,289 shares of CIEN for $86,917 on Oct 15 ’24. The SVP, General Mgr. Blue Planet now owns 40,775 shares after completing the transaction at $67.43 per share. On Oct 15 ’24, another insider, JOSEPH CUMELLO, who serves as the Officer of the company, bought 1,289 shares for $67.43 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 9540847616 and an Enterprise Value of 10036314112. As of this moment, CIENA’s Price-to-Earnings (P/E) ratio for their current fiscal year is 70.43, and their Forward P/E ratio for the next fiscal year is 24.25. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.05. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.37 while its Price-to-Book (P/B) ratio in mrq is 3.30. Its current Enterprise Value per Revenue stands at 2.496 whereas that against EBITDA is 27.552.
Stock Price History:
Over the past 52 weeks, CIEN has reached a high of $69.91, while it has fallen to a 52-week low of $39.94. The 50-Day Moving Average of the stock is 10.29%, while the 200-Day Moving Average is calculated to be 25.91%.
Shares Statistics:
It appears that CIEN traded 1.88M shares on average per day over the past three months and 1770180 shares per day over the past ten days. A total of 144.83M shares are outstanding, with a floating share count of 142.16M. Insiders hold about 1.57% of the company’s shares, while institutions hold 97.57% stake in the company. Shares short for CIEN as of 1727654400 were 5892518 with a Short Ratio of 3.14, compared to 1724976000 on 5751002. Therefore, it implies a Short% of Shares Outstanding of 5892518 and a Short% of Float of 5.29.
