Those determined to outshine the market strategically focus on the selection of individual stocks. Well-chosen stocks have the potential to substantially boost your wealth.
As of close of business last night, CIENA Corp’s stock clocked out at $61.54, up 1.84% from its previous closing price of $60.43. In other words, the price has increased by $1.84 from its previous closing price. On the day, 2.02 million shares were traded. CIEN stock price reached its highest trading level at $61.579 during the session, while it also had its lowest trading level at $59.16.
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 7.22 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 42.65. 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:
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 Apr 01 ’25 when JASON PHIPPS bought 18,888 shares for $59.88 per share.
SHEELA KOSARAJU bought 1,381 shares of CIEN for $83,564 on Apr 01 ’25. On Mar 24 ’25, another insider, Rothenstein David M, who serves as the SVP and Chief Strategy Officer of the company, sold 2,500 shares for $68.88 each. As a result, the insider received 172,200 and left with 207,370 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 8747665408 and an Enterprise Value of 9114003456. As of this moment, CIENA’s Price-to-Earnings (P/E) ratio for their current fiscal year is 114.01, and their Forward P/E ratio for the next fiscal year is 18.06. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.39. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.16 while its Price-to-Book (P/B) ratio in mrq is 3.14. Its current Enterprise Value per Revenue stands at 2.251 whereas that against EBITDA is 28.668.
Stock Price History:
The Beta on a monthly basis for CIEN is 1.15, which has changed by 0.26573431 over the last 52 weeks, in comparison to a change of 0.08089435 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 -20.83%, while the 200-Day Moving Average is calculated to be -7.40%.
Shares Statistics:
It appears that CIEN traded 2.62M shares on average per day over the past three months and 2246420 shares per day over the past ten days. A total of 142.53M shares are outstanding, with a floating share count of 139.79M. Insiders hold about 1.66% of the company’s shares, while institutions hold 99.53% stake in the company. Shares short for CIEN as of 1741910400 were 4200059 with a Short Ratio of 1.60, compared to 1739491200 on 3939701. Therefore, it implies a Short% of Shares Outstanding of 4200059 and a Short% of Float of 4.77.
