CIENA Corp (CIEN) concluded trading on Thursday at a closing price of $62.86, with 3.52 million shares of worth about $221.13 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 3.85% during that period and on March 27, 2025 the price saw a loss of about -4.41%. Currently the company’s common shares owned by public are about 142.53M shares, out of which, 140.14M shares are available for trading.
Stock saw a price change of -4.22% in past 5 days and over the past one month there was a price change of -22.17%. Year-to-date (YTD), CIEN shares are showing a performance of -25.88% which increased to 26.20% 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 $101.44 during that period. The average intraday trading volume for CIENA Corp shares is 2.52 million. The stock is currently trading -7.41% below its 20-day simple moving average (SMA20), while that difference is down -20.58% for SMA50 and it goes to -5.11% lower than SMA200.
CIENA Corp (NYSE: CIEN) currently have 142.53M outstanding shares and institutions hold larger chunk of about 99.53% of that.
The stock has a current market capitalization of $8.94B and its 3Y-monthly beta is at 1.11. PE ratio of stock for trailing 12 months is 116.45, while it has posted earnings per share of $0.54 in the same period. Its PEG reads 3.46 and has Quick Ratio of 2.77 while making debt-to-equity ratio of 0.57. 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 5.38% over the month.
Stock’s fiscal year EPS is expected to rise by 39.38% while it is estimated to increase by 34.34% in next year. EPS is likely to grow at an annualized rate of 33.64% 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 Northland Capital on March 12, 2025 offering an Outperform rating for the stock and assigned a target price of $75 to it. Coverage by JP Morgan stated CIENA Corp (CIEN) stock as an Overweight in their note to investors on January 28, 2025, suggesting a price target of $88 for the stock. On December 13, 2024, BofA Securities Upgrade their recommendations, while on October 28, 2024, Morgan Stanley Downgrade their ratings for the stock with a price target of $63. Stock get an In-line rating from Evercore ISI on October 15, 2024.
