In the past week, CIEN stock has gone down by -1.59%, with a monthly decline of -2.13% and a quarterly plunge of -3.54%. The volatility ratio for the week is 2.11%, and the volatility levels for the last 30 days are 2.94% for CIENA Corp. The simple moving average for the past 20 days is -1.02% for CIEN’s stock, with a -2.31% simple moving average for the past 200 days.
Is It Worth Investing in CIENA Corp. (NYSE: CIEN) Right Now?
The price-to-earnings ratio for CIENA Corp. (NYSE: CIEN) is above average at 45.17x, Company’s 36-month beta value is 0.95.Analysts have differing opinions on the stock, with 11 analysts rating it as a “buy,” 6 as “overweight,” 4 as “hold,” and 0 as “sell.”
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
The public float for CIEN is 141.68M, and currently, short sellers hold a 2.32% ratio of that floaft. The average trading volume of CIEN on July 04, 2024 was 1.62M shares.
CIEN) stock’s latest price update
CIENA Corp. (NYSE: CIEN)’s stock price has decreased by -0.74 compared to its previous closing price of 47.25. However, the company has seen a -1.59% decrease in its stock price over the last five trading sessions. barrons.com reported 2024-06-28 that The combined Nokia and Infinera will have a market share of around 20% globally, broadly equal to Ciena but lagging Huawei’s 31% share.
Analysts’ Opinion of CIEN
Many brokerage firms have already submitted their reports for CIEN stocks, with Morgan Stanley repeating the rating for CIEN by listing it as a “Overweight.” The predicted price for CIEN in the upcoming period, according to Morgan Stanley is $55 based on the research report published on June 12, 2024 of the current year 2024.
Raymond James, on the other hand, stated in their research note that they expect to see CIEN reach a price target of $54, previously predicting the price at $59. The rating they have provided for CIEN stocks is “Outperform” according to the report published on June 06th, 2024.
Rosenblatt gave a rating of “Neutral” to CIEN, setting the target price at $52.50 in the report published on May 30th of the current year.
CIEN Trading at -1.76% 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 -25.84% of loss for the given period.
Volatility was left at 2.94%, however, over the last 30 days, the volatility rate increased by 2.11%, as shares sank -0.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.90% upper at present.
During the last 5 trading sessions, CIEN fell by -1.49%, which changed the moving average for the period of 200-days by -3.81% in comparison to the 20-day moving average, which settled at $47.38. In addition, CIENA Corp. saw 4.20% 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 Phipps Jason, who sale 2,712 shares at the price of $48.29 back on Jul 01 ’24. After this action, Phipps Jason now owns 96,000 shares of CIENA Corp., valued at $130,962 using the latest closing price.
DiPerna Dino, the SVP Global R&D of CIENA Corp., sale 490 shares at $48.29 during a trade that took place back on Jul 01 ’24, which means that DiPerna Dino is holding 40,825 shares at $23,662 based on the most recent closing price.
Stock Fundamentals for CIEN
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.42 for the gross margin
The net margin for CIENA Corp. stands at 0.04. The total capital return value is set at 0.06. Equity return is now at value 5.31, with 2.70 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 0.33. The debt to equity ratio resting at 0.55. The interest coverage ratio of the stock is 2.82.
Currently, EBITDA for the company is 589.04 million with net debt to EBITDA at 1.15. When we switch over and look at the enterprise to sales, we see a ratio of 1.75. The receivables turnover for the company is 4.02for trailing twelve months and the total asset turnover is 0.74. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.86.
Conclusion
In a nutshell, CIENA Corp. (CIEN) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
