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In the latest session, CIENA Corp (NYSE: CIEN) closed at $76.29 down -21.04% from its previous closing price of $96.62. In other words, the price has decreased by -$21.04 from its previous closing price. On the day, 8.16 million shares were traded. CIEN stock price reached its highest trading level at $86.0 during the session, while it also had its lowest trading level at $74.89.
Ratios:
For a deeper understanding of CIENA Corp’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.67 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 28.89. 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, BofA Securities on December 13, 2024, Upgraded its rating to Buy and sets its target price to $95 from $70 previously.
On October 28, 2024, Morgan Stanley Downgraded its rating to Equal-Weight which previously was Overweight but kept the price unchanged to $63.
Evercore ISI Downgraded its Outperform to In-line on October 15, 2024, while the target price for the stock was maintained at $65.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jan 15 ’25 when Kosaraju Sheela sold 1,509 shares for $85.91 per share. The transaction valued at 129,638 led to the insider holds 95,745 shares of the business.
SMITH GARY B sold 6,800 shares of CIEN for $579,982 on Jan 15 ’25. The President, CEO now owns 418,949 shares after completing the transaction at $85.29 per share. On Jan 15 ’25, another insider, Gage Brodie, who serves as the SVP Global Products & Supply of the company, sold 350 shares for $85.91 each. As a result, the insider received 30,068 and left with 49,547 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 10842030080 and an Enterprise Value of 13453461504. As of this moment, CIENA’s Price-to-Earnings (P/E) ratio for their current fiscal year is 132.89, and their Forward P/E ratio for the next fiscal year is 22.29. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.70 while its Price-to-Book (P/B) ratio in mrq is 3.86. Its current Enterprise Value per Revenue stands at 3.346 whereas that against EBITDA is 36.933.
Stock Price History:
The Beta on a monthly basis for CIEN is 0.90, which has changed by 0.8271558 over the last 52 weeks, in comparison to a change of 0.23883796 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 -4.11%, while the 200-Day Moving Average is calculated to be 27.25%.
Shares Statistics:
For the past three months, CIEN has traded an average of 2.09M shares per day and 2519650 over the past ten days. A total of 142.66M shares are outstanding, with a floating share count of 139.64M. Insiders hold about 1.74% of the company’s shares, while institutions hold 100.64% stake in the company. Shares short for CIEN as of 1732838400 were 6256998 with a Short Ratio of 2.21, compared to 1730332800 on 6032453. Therefore, it implies a Short% of Shares Outstanding of 6256998 and a Short% of Float of 5.6199998.
