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The closing price of CIENA Corp. (NYSE: CIEN) was $65.25 for the day, down -1.17% from the previous closing price of $66.02. In other words, the price has decreased by -$1.17 from its previous closing price. On the day, 3.27 million shares were traded. CIEN stock price reached its highest trading level at $66.35 during the session, while it also had its lowest trading level at $64.91.
Ratios:
Our analysis of CIEN’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.56 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 33.39. 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.
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, Citigroup on September 23, 2024, Upgraded its rating to Buy and sets its target price to $68 from $44 previously.
Morgan Stanley Upgraded its Equal-Weight to Overweight on June 12, 2024, whereas the target price for the stock was revised from $53 to $55.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Oct 01 ’24 when Phipps Jason sold 2,200 shares for $61.49 per share. The transaction valued at 135,278 led to the insider holds 91,149 shares of the business.
JASON PHIPPS bought 2,200 shares of CIEN for $135,278 on Oct 01 ’24. On Sep 16 ’24, another insider, Cumello Joseph, who serves as the SVP, General Mgr. Blue Planet of the company, sold 1,289 shares for $56.24 each. As a result, the insider received 72,493 and left with 43,396 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 9535113216 and an Enterprise Value of 9919328256. As of this moment, CIENA’s Price-to-Earnings (P/E) ratio for their current fiscal year is 69.56, and their Forward P/E ratio for the next fiscal year is 24.01. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 7.82. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.34 while its Price-to-Book (P/B) ratio in mrq is 3.26. Its current Enterprise Value per Revenue stands at 2.467 whereas that against EBITDA is 27.231.
Stock Price History:
Over the past 52 weeks, CIEN has reached a high of $66.30, while it has fallen to a 52-week low of $39.94. The 50-Day Moving Average of the stock is 19.92%, while the 200-Day Moving Average is calculated to be 28.60%.
Shares Statistics:
CIEN traded an average of 1.65M shares per day over the past three months and 2621960 shares per day over the past ten days. A total of 144.83M shares are outstanding, with a floating share count of 142.14M. Insiders hold about 1.58% of the company’s shares, while institutions hold 97.60% stake in the company. Shares short for CIEN as of 1726185600 were 5929280 with a Short Ratio of 3.60, compared to 1723680000 on 4830909. Therefore, it implies a Short% of Shares Outstanding of 5929280 and a Short% of Float of 5.3200003.
