For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
As of close of business last night, CIENA Corp.’s stock clocked out at $43.77, down -2.30% from its previous closing price of $44.80. In other words, the price has decreased by -$2.30 from its previous closing price. On the day, 1.5 million shares were traded. CIEN stock price reached its highest trading level at $44.62 during the session, while it also had its lowest trading level at $43.395.
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 4.61 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.46. For the most recent quarter (mrq), Quick Ratio is recorded 3.09 and its Current Ratio is at 4.26. 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 this company, Citigroup on April 12, 2024, initiated with a Sell rating and assigned the stock a target price of $44.
On April 11, 2024, Exane BNP Paribas started tracking the stock assigning a Outperform rating and target price of $57.
Evercore ISI Upgraded its In-line to Outperform on January 12, 2024, whereas the target price for the stock was revised from $52 to $57.
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 15 ’24 when SMITH GARY B sold 4,166 shares for $44.80 per share. The transaction valued at 186,627 led to the insider holds 385,109 shares of the business.
Rothenstein David M sold 3,500 shares of CIEN for $160,090 on Apr 15 ’24. The SVP and Chief Strategy Officer now owns 224,711 shares after completing the transaction at $45.74 per share. On Apr 15 ’24, another insider, Cumello Joseph, who serves as the SVP, General Mgr. Blue Planet of the company, sold 3,156 shares for $45.74 each. As a result, the insider received 144,355 and left with 51,171 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 6329273856 and an Enterprise Value of 6566124032. As of this moment, CIENA’s Price-to-Earnings (P/E) ratio for their current fiscal year is 28.45, and their Forward P/E ratio for the next fiscal year is 13.91. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.01. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.45 while its Price-to-Book (P/B) ratio in mrq is 2.17. Its current Enterprise Value per Revenue stands at 1.503 whereas that against EBITDA is 12.51.
Stock Price History:
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 -16.48%, while the 200-Day Moving Average is calculated to be -6.70%.
Shares Statistics:
It appears that CIEN traded 2.08M shares on average per day over the past three months and 1529390 shares per day over the past ten days. A total of 144.83M shares are outstanding, with a floating share count of 142.50M. Insiders hold about 1.45% of the company’s shares, while institutions hold 92.52% stake in the company. Shares short for CIEN as of 1711584000 were 5283987 with a Short Ratio of 2.54, compared to 1709164800 on 5998855. Therefore, it implies a Short% of Shares Outstanding of 5283987 and a Short% of Float of 4.7399998.
Earnings Estimates
The current assessment of CIENA Corp. (CIEN) involves the perspectives of Compugen Ltd. analysts closely monitoring its market dynamics.
