CIENA Corp. (CIEN) vs. Its Peers: A Comparison

CIENA Corp. (NYSE: CIEN) has a price-to-earnings ratio of 31.59x that is above its average ratio. Additionally, the 36-month beta value for CIEN is 0.99. There are mixed opinions on the stock, with 11 analysts rating it as a “buy,” 6 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”

The public float for CIEN is 142.50M and currently, short sellers hold a 3.55% ratio of that float. The average trading volume of CIEN on April 03, 2024 was 2.13M shares.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

CIEN) stock’s latest price update

The stock of CIENA Corp. (NYSE: CIEN) has decreased by -1.20 when compared to last closing price of 49.19.Despite this, the company has seen a loss of -2.43% in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-27 that Ciena (CIEN) and Toshiba partner to showcase quantum secure communication platform at OFC Conference 2024.

CIEN’s Market Performance

CIENA Corp. (CIEN) has experienced a -2.43% fall in stock performance for the past week, with a -20.12% drop in the past month, and a 7.98% rise in the past quarter. The volatility ratio for the week is 1.73%, and the volatility levels for the past 30 days are at 2.78% for CIEN.. The simple moving average for the past 20 days is -7.17% for CIEN’s stock, with a 4.16% simple moving average for the past 200 days.

Analysts’ Opinion of CIEN

Many brokerage firms have already submitted their reports for CIEN stocks, with Evercore ISI repeating the rating for CIEN by listing it as a “Outperform.” The predicted price for CIEN in the upcoming period, according to Evercore ISI is $57 based on the research report published on January 12, 2024 of the current year 2024.

Stifel, on the other hand, stated in their research note that they expect to see CIEN reach a price target of $62. The rating they have provided for CIEN stocks is “Buy” according to the report published on September 28th, 2023.

Needham gave a rating of “Buy” to CIEN, setting the target price at $50 in the report published on August 28th of the previous year.

CIEN Trading at -9.70% from the 50-Day Moving Average

After a stumble in the market that brought CIEN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -23.15% of loss for the given period.

Volatility was left at 2.78%, however, over the last 30 days, the volatility rate increased by 1.73%, as shares sank -22.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.45% lower at present.

During the last 5 trading sessions, CIEN fell by -2.43%, which changed the moving average for the period of 200-days by +9.53% in comparison to the 20-day moving average, which settled at $51.66. In addition, CIENA Corp. saw 7.98% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at CIEN starting from SMITH GARY B, who sale 4,166 shares at the price of $49.84 back on Mar 15 ’24. After this action, SMITH GARY B now owns 403,176 shares of CIENA Corp., valued at $207,628 using the latest closing price.

Rothenstein David M, the SVP and Chief Strategy Officer of CIENA Corp., sale 3,500 shares at $50.19 during a trade that took place back on Mar 15 ’24, which means that Rothenstein David M is holding 230,001 shares at $175,665 based on the most recent closing price.

Stock Fundamentals for CIEN

Current profitability levels for the company are sitting at:

  • 0.08 for the present operating margin
  • 0.43 for the gross margin

The net margin for CIENA Corp. stands at 0.05. The total capital return value is set at 0.08. Equity return is now at value 7.92, with 4.05 for asset returns.

Based on CIENA Corp. (CIEN), the company’s capital structure generated 0.35 points at debt to capital in total, while cash flow to debt ratio is standing at 0.44. The debt to equity ratio resting at 0.54. The interest coverage ratio of the stock is 3.77.

Currently, EBITDA for the company is 589.04 million with net debt to EBITDA at 0.62. When we switch over and look at the enterprise to sales, we see a ratio of 1.69. The receivables turnover for the company is 4.21for trailing twelve months and the total asset turnover is 0.78. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.26.

Conclusion

In conclusion, CIENA Corp. (CIEN) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

Related Posts