CIENA Corp (NYSE: CIEN) has a price-to-earnings ratio that is above its average at 161.37x. The stock has a 36-month beta value of 0.89. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 3 as “overweight,” 7 as “hold,” and 0 as “sell.”
The public float for CIEN is 139.63M, and at present, short sellers hold a 3.31% of that float. On January 22, 2025, the average trading volume of CIEN was 1.93M shares.
CIEN) stock’s latest price update
CIENA Corp (NYSE: CIEN)’s stock price has surge by 4.47relation to previous closing price of 88.68. Nevertheless, the company has seen a 10.97% surge in its stock price over the last five trading sessions. zacks.com reported 2025-01-17 that CIEN gains from rising network traffic, demand for bandwidth and the adoption of cloud architecture but competition, supply chain issues and higher costs limit its upside.
CIEN’s Market Performance
CIENA Corp (CIEN) has seen a 10.97% rise in stock performance for the week, with a 10.39% gain in the past month and a 41.80% surge in the past quarter. The volatility ratio for the week is 2.73%, and the volatility levels for the past 30 days are at 3.02% for CIEN. The simple moving average for the past 20 days is 8.53% for CIEN’s stock, with a 56.22% simple moving average for the past 200 days.
Analysts’ Opinion of CIEN
Many brokerage firms have already submitted their reports for CIEN stocks, with BofA Securities repeating the rating for CIEN by listing it as a “Buy.” The predicted price for CIEN in the upcoming period, according to BofA Securities is $95 based on the research report published on December 13, 2024 of the previous year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see CIEN reach a price target of $63. The rating they have provided for CIEN stocks is “Equal-Weight” according to the report published on October 28th, 2024.
Evercore ISI gave a rating of “In-line” to CIEN, setting the target price at $65 in the report published on October 15th of the previous year.
CIEN Trading at 18.19% 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 able to rebound, for now settling with 0.89% of gains for the given period.
Volatility was left at 3.02%, however, over the last 30 days, the volatility rate increased by 2.73%, as shares surge +8.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +35.50% upper at present.
During the last 5 trading sessions, CIEN rose by +11.19%, which changed the moving average for the period of 200-days by +94.96% in comparison to the 20-day moving average, which settled at $85.37. In addition, CIENA Corp saw 9.23% 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 Kosaraju Sheela, who sale 1,509 shares at the price of $85.91 back on Jan 15 ’25. After this action, Kosaraju Sheela now owns 95,745 shares of CIENA Corp, valued at $129,638 using the latest closing price.
SMITH GARY B, the President, CEO of CIENA Corp, sale 6,800 shares at $85.29 during a trade that took place back on Jan 15 ’25, which means that SMITH GARY B is holding 418,949 shares at $579,982 based on the most recent closing price.
Stock Fundamentals for CIEN
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.41 for the gross margin
The net margin for CIENA Corp stands at 0.02. The total capital return value is set at 0.04. Equity return is now at value 2.96, with 1.49 for asset returns.
Based on CIENA Corp (CIEN), the company’s capital structure generated 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at 0.31. The debt to equity ratio resting at 0.58. The interest coverage ratio of the stock is 1.93.
Currently, EBITDA for the company is 350.35 million with net debt to EBITDA at 2.08. When we switch over and look at the enterprise to sales, we see a ratio of 3.45. The receivables turnover for the company is 3.71for trailing twelve months and the total asset turnover is 0.71. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.52.
Conclusion
To sum up, CIENA Corp (CIEN) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
