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The price of CIENA Corp. (NYSE: CIEN) closed at $68.50 in the last session, up 1.51% from day before closing price of $67.48. In other words, the price has increased by $1.51 from its previous closing price. On the day, 2.46 million shares were traded. CIEN stock price reached its highest trading level at $68.515 during the session, while it also had its lowest trading level at $66.89.
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 8.98 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 35.06. 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, Exane BNP Paribas on October 09, 2024, Downgraded its rating to Neutral and sets its target price to $67 from $59 previously.
On October 07, 2024, JP Morgan Downgraded its rating to Neutral which previously was Overweight but kept the price unchanged to $65.
Citigroup Upgraded its Sell to Buy on September 23, 2024, whereas the target price for the stock was revised from $44 to $68.
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 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 9893250048 and an Enterprise Value of 10241400832. As of this moment, CIENA’s Price-to-Earnings (P/E) ratio for their current fiscal year is 73.03, 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 10.80. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.46 while its Price-to-Book (P/B) ratio in mrq is 3.42. Its current Enterprise Value per Revenue stands at 2.547 whereas that against EBITDA is 28.115.
Stock Price History:
Over the past 52 weeks, CIEN has reached a high of $68.31, while it has fallen to a 52-week low of $39.94. The 50-Day Moving Average of the stock is 21.75%, while the 200-Day Moving Average is calculated to be 33.23%.
Shares Statistics:
According to the various share statistics, CIEN traded on average about 1.74M shares per day over the past 3-months and 2457410 shares per day over the past 10 days. A total of 144.83M shares are outstanding, with a floating share count of 142.16M. Insiders hold about 1.57% of the company’s shares, while institutions hold 97.60% stake in the company. Shares short for CIEN as of 1727654400 were 5892518 with a Short Ratio of 3.38, compared to 1724976000 on 5751002. Therefore, it implies a Short% of Shares Outstanding of 5892518 and a Short% of Float of 5.29.
