CIENA Corp (CIEN) concluded trading on Thursday at a closing price of $98.18, with 7.15 million shares of worth about $701.52 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 91.50% during that period and on January 23, 2025 the price saw a gain of about 3.51%. Currently the company’s common shares owned by public are about 142.66M shares, out of which, 139.64M shares are available for trading.
Stock saw a price change of 14.56% in past 5 days and over the past one month there was a price change of 14.44%. Year-to-date (YTD), CIEN shares are showing a performance of 15.76% which increased to 89.14% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $43.30 but also hit the highest price of $95.27 during that period. The average intraday trading volume for CIENA Corp shares is 1.96 million. The stock is currently trading 14.15% above its 20-day simple moving average (SMA20), while that difference is up 24.31% for SMA50 and it goes to 64.83% higher than SMA200.
CIENA Corp (NYSE: CIEN) currently have 142.66M outstanding shares and institutions hold larger chunk of about 100.65% of that.
The stock has a current market capitalization of $13.95B and its 3Y-monthly beta is at 0.90. PE ratio of stock for trailing 12 months is 171.02, while it has posted earnings per share of $0.57 in the same period. Its PEG reads 5.02 and has Quick Ratio of 2.70 while making debt-to-equity ratio of 0.58. 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 4.02% while standing at 3.07% over the month.
Analysts are in expectations that CIENA Corp (CIEN) stock would likely to be making an EPS of 0.42 in the current quarter, while forecast for next quarter EPS is 0.52 and it is 3.43 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.31 which is 0.54 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 0.66 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 32.20% while it is estimated to increase by 42.24% in next year. EPS is likely to grow at an annualized rate of 34.06% for next 5-years, compared to annual growth of -18.58% 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 BofA Securities on December 13, 2024 offering a Buy rating for the stock and assigned a target price range of between $70 and $95 to it. Coverage by Morgan Stanley stated CIENA Corp (CIEN) stock as an Equal-weight in their note to investors on October 28, 2024, suggesting a price target of $63 for the stock. On October 15, 2024, Evercore ISI Downgrade their recommendations, while on October 09, 2024, Exane BNP Paribas Downgrade their ratings for the stock with a price target of $67. Stock get a Neutral rating from JP Morgan on October 07, 2024.
