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.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The price of CIENA Corp. (NYSE: CIEN) closed at $46.90 in the last session, down -0.74% from day before closing price of $47.25. In other words, the price has decreased by -$0.74 from its previous closing price. On the day, 0.58 million shares were traded. CIEN stock price reached its highest trading level at $47.59 during the session, while it also had its lowest trading level at $46.53.
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 5.36 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.16. For the most recent quarter (mrq), Quick Ratio is recorded 2.74 and its Current Ratio is at 3.86. In the meantime, Its Debt-to-Equity ratio is 0.56 whereas as Long-Term Debt/Eq ratio is at 0.54.
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, Morgan Stanley on June 12, 2024, Upgraded its rating to Overweight and sets its target price to $55 from $53 previously.
On June 06, 2024, Raymond James Downgraded its rating to Outperform which previously was Strong Buy and also lowered its target price recommendation from $59 to $54.
Rosenblatt Downgraded its Buy to Neutral on May 30, 2024, whereas the target price for the stock was revised from $65 to $52.50.
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 Jul 01 ’24 when Phipps Jason sold 2,712 shares for $48.29 per share. The transaction valued at 130,962 led to the insider holds 96,000 shares of the business.
DiPerna Dino sold 490 shares of CIEN for $23,662 on Jul 01 ’24. The SVP Global R&D now owns 40,825 shares after completing the transaction at $48.29 per share. On Jun 17 ’24, another insider, Rothenstein David M, who serves as the SVP and Chief Strategy Officer of the company, sold 3,500 shares for $46.05 each. As a result, the insider received 161,175 and left with 217,711 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 6746949632 and an Enterprise Value of 7091265536. As of this moment, CIENA’s Price-to-Earnings (P/E) ratio for their current fiscal year is 45.17, and their Forward P/E ratio for the next fiscal year is 16.38. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.24. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.63 while its Price-to-Book (P/B) ratio in mrq is 2.35. Its current Enterprise Value per Revenue stands at 1.71 whereas that against EBITDA is 16.817.
Stock Price History:
The Beta on a monthly basis for CIEN is 0.95, which has changed by 0.107572556 over the last 52 weeks, in comparison to a change of 0.25510752 over the same period for the S&P500. Over the past 52 weeks, CIEN has reached a high of $63.24, while it has fallen to a 52-week low of $39.94. The 50-Day Moving Average of the stock is -1.76%, while the 200-Day Moving Average is calculated to be -2.31%.
Shares Statistics:
According to the various share statistics, CIEN traded on average about 1.62M shares per day over the past 3-months and 1650630 shares per day over the past 10 days. A total of 144.83M shares are outstanding, with a floating share count of 141.68M. Insiders hold about 1.41% of the company’s shares, while institutions hold 97.47% stake in the company. Shares short for CIEN as of 1718323200 were 3291985 with a Short Ratio of 2.03, compared to 1715731200 on 5485946. Therefore, it implies a Short% of Shares Outstanding of 3291985 and a Short% of Float of 2.98.
Earnings Estimates
The current rating of CIENA Corp. (CIEN) is the result of assessments by 14.0 analysts actively engaged in evaluating its market dynamics.On average, analysts expect EPS of $0.26 for the current quarter, with a high estimate of $0.36 and a low estimate of $0.2, while EPS last year was $0.59. The consensus estimate for the next quarter is $0.77, with high estimates of $0.86 and low estimates of $0.68.
Analysts are recommending an EPS of between $2.1 and $1.82 for the fiscal current year, implying an average EPS of $1.97. EPS for the following year is $2.86, with 16.0 analysts recommending between $3.3 and $2.41.
Revenue Estimates
For the next quarter, 13 analysts are estimating revenue of $1.12B. There is a high estimate of $1.14B for the next quarter, whereas the lowest estimate is $1.1B.
A total of 15 analysts have provided revenue estimates for CIEN’s current fiscal year. The highest revenue estimate was $4.01B, while the lowest revenue estimate was $3.98B, resulting in an average revenue estimate of $4B. In the same quarter a year ago, actual revenue was $4.39BBased on 15 analysts’ estimates, the company’s revenue will be $4.32B in the next fiscal year. The high estimate is $4.42B and the low estimate is $4.26B.
