CIENA Corp (CIEN) concluded trading on Thursday at a closing price of $84.52, with 11.35 million shares of worth about $958.88 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 74.84% during that period and on December 12, 2024 the price saw a gain of about 15.45%. Currently the company’s common shares owned by public are about 142.66M shares, out of which, 142.09M shares are available for trading.
Stock saw a price change of 17.02% in past 5 days and over the past one month there was a price change of 19.16%. Year-to-date (YTD), CIEN shares are showing a performance of 87.78% which increased to 93.94% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $42.20 but also hit the highest price of $75.11 during that period. The average intraday trading volume for CIENA Corp shares is 1.84 million. The stock is currently trading 19.33% above its 20-day simple moving average (SMA20), while that difference is up 23.62% for SMA50 and it goes to 53.34% higher than SMA200.
CIENA Corp (NYSE: CIEN) currently have 142.66M outstanding shares and institutions hold larger chunk of about 99.17% of that.
The stock has a current market capitalization of $12.21B and its 3Y-monthly beta is at 0.94. PE ratio of stock for trailing 12 months is 90.11, while it has posted earnings per share of $0.94 in the same period. Its PEG reads 5.18 and has Quick Ratio of 2.72 while making debt-to-equity ratio of 0.56. 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 4.59% while standing at 3.14% over the month.
Stock’s fiscal year EPS is expected to rise by 39.96% while it is estimated to increase by 35.00% in next year. EPS is likely to grow at an annualized rate of 17.38% for next 5-years, compared to annual growth of -18.45% made by the stock over the past 5-years.
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 Morgan Stanley on October 28, 2024 offering an Equal-weight rating for the stock and assigned a target price of $63 to it. Coverage by Evercore ISI stated CIENA Corp (CIEN) stock as an In-line in their note to investors on October 15, 2024, suggesting a price target of $65 for the stock. On October 09, 2024, Exane BNP Paribas Downgrade their recommendations, while on October 07, 2024, JP Morgan Downgrade their ratings for the stock with a price target of $65. Stock get a Buy rating from Citigroup on September 23, 2024.
