CIENA Corp. (CIEN) concluded trading on Wednesday at a closing price of $66.02, with 4.51 million shares of worth about $297.89 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 35.79% during that period and on October 02, 2024 the price saw a gain of about 7.44%. Currently the company’s common shares owned by public are about 144.83M shares, out of which, 142.14M shares are available for trading.
Stock saw a price change of 7.49% in past 5 days and over the past one month there was a price change of 19.28%. Year-to-date (YTD), CIEN shares are showing a performance of 46.68% which increased to 39.99% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $39.94 but also hit the highest price of $63.24 during that period. The average intraday trading volume for CIENA Corp. shares is 1.59 million. The stock is currently trading 15.46% above its 20-day simple moving average (SMA20), while that difference is up 22.00% for SMA50 and it goes to 30.39% higher than SMA200.
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
CIENA Corp. (NYSE: CIEN) currently have 144.83M outstanding shares and institutions hold larger chunk of about 97.60% of that.
The stock has a current market capitalization of $9.54B and its 3Y-monthly beta is at 0.94. PE ratio of stock for trailing 12 months is 70.38, while it has posted earnings per share of $0.94 in the same period. Its PEG reads 7.91 and has Quick Ratio of 2.97 while making debt-to-equity ratio of 0.55. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CIEN, volatility over the week remained 3.27% while standing at 3.25% over the month.
Stock’s fiscal year EPS is expected to drop by -28.94% while it is estimated to increase by 40.57% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on September 23, 2024 offering a Buy rating for the stock and assigned a target price range of between $44 and $68 to it. On June 12, 2024, Morgan Stanley Upgrade their recommendations, while on June 06, 2024, Raymond James Downgrade their ratings for the stock with a price target of $54. Stock get a Neutral rating from Rosenblatt on May 30, 2024.
