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After finishing at $84.49 in the prior trading day, CIENA Corp (NYSE: CIEN) closed at $81.93, down -3.03%. In other words, the price has decreased by -$3.03 from its previous closing price. On the day, 2.34 million shares were traded. CIEN stock price reached its highest trading level at $85.24 during the session, while it also had its lowest trading level at $81.46.
Ratios:
Our goal is to gain a better understanding of CIEN by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.31 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 31.02. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jan 02 ’25 when SMITH GARY B sold 13,600 shares for $83.66 per share. The transaction valued at 1,137,774 led to the insider holds 425,749 shares of the business.
Claflin Bruce L. bought 16,912 shares of CIEN for $1,436,851 on Jan 06 ’25. On Jan 02 ’25, another insider, Phipps Jason, who serves as the SVP Global Sales and Marketing of the company, sold 5,648 shares for $84.64 each. As a result, the insider received 478,053 and left with 109,878 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 11643564032 and an Enterprise Value of 13453461504. As of this moment, CIENA’s Price-to-Earnings (P/E) ratio for their current fiscal year is 142.71, and their Forward P/E ratio for the next fiscal year is 24.06. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.19. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.90 while its Price-to-Book (P/B) ratio in mrq is 4.15. Its current Enterprise Value per Revenue stands at 3.346 whereas that against EBITDA is 36.933.
Stock Price History:
Over the past 52 weeks, CIEN has reached a high of $91.82, while it has fallen to a 52-week low of $43.30. The 50-Day Moving Average of the stock is 9.64%, while the 200-Day Moving Average is calculated to be 42.01%.
Shares Statistics:
The stock has traded on average 2.00M shares per day over the past 3-months and 1586760 shares per day over the last 10 days, according to various share statistics. 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 100.81% stake in the company. Shares short for CIEN as of 1732838400 were 6256998 with a Short Ratio of 3.08, compared to 1730332800 on 6032453. Therefore, it implies a Short% of Shares Outstanding of 6256998 and a Short% of Float of 5.6199998.