Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The price of CIENA Corp (NYSE: CIEN) closed at $86.45 in the last session, down -0.69% from day before closing price of $87.05. In other words, the price has decreased by -$0.69 from its previous closing price. On the day, 2.63 million shares were traded.
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 9.85 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 32.84. 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, JP Morgan on January 28, 2025, Upgraded its rating to Overweight and sets its target price to $88 from $84 previously.
On December 13, 2024, BofA Securities Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $70 to $95.
Morgan Stanley Downgraded its Overweight to Equal-Weight on October 28, 2024, while the target price for the stock was maintained at $63.
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 Feb 18 ’25 when SMITH GARY B sold 6,800 shares for $89.39 per share. The transaction valued at 607,870 led to the insider holds 405,349 shares of the business.
Gage Brodie sold 350 shares of CIEN for $31,556 on Feb 18 ’25. The SVP Global Products & Supply now owns 49,197 shares after completing the transaction at $90.16 per share. On Feb 18 ’25, another insider, BRODIE GAGE, who serves as the Officer of the company, bought 350 shares for $90.16 each.
Valuation Measures:
As of this moment, CIENA’s Price-to-Earnings (P/E) ratio for their current fiscal year is 150.58, and their Forward P/E ratio for the next fiscal year is 25.18. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.66. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.07 while its Price-to-Book (P/B) ratio in mrq is 4.38.
Stock Price History:
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 0.92%, while the 200-Day Moving Average is calculated to be 36.08%.
Shares Statistics:
A total of 142.66M shares are outstanding, with a floating share count of 140.07M. Insiders hold about 1.77% of the company’s shares, while institutions hold 99.26% stake in the company.
