A share price of CIENA Corp. [CIEN] is currently trading at $56.30, up 0.23%. An important factor to consider is whether the stock is rising or falling in short-term value. The CIEN shares have gain 9.38% over the last week, with a monthly amount glided 3.66%, and seem to be holding up well over a long-time horizon.
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
From an analyst’s perspective:
CIENA Corp. [NYSE: CIEN] stock has seen the most recent analyst activity on September 05, 2024, when BofA Securities downgraded its rating to a Neutral. Previously, Morgan Stanley upgraded its rating to Overweight on June 12, 2024, and elevated its price target to $55. On June 06, 2024, downgrade downgraded it’s rating to Outperform and revised its price target to $54 on the stock. Rosenblatt downgraded its rating to a Neutral and decreased its price target to $52.50 on May 30, 2024. Citigroup initiated its recommendation with a Sell and recommended $44 as its price target on April 12, 2024. Exane BNP Paribas started tracking with a Outperform rating for this stock on April 11, 2024, and assigned it a price target of $57. In a note dated January 12, 2024, Evercore ISI upgraded an Outperform rating on this stock and boosted its target price from $52 to $57.
CIENA Corp. experienced fluctuations in its stock price throughout the past year between $39.94 and $63.24. Currently, Wall Street analysts expect the stock to reach $64.74 within the next 12 months. CIENA Corp. [NYSE: CIEN] shares were valued at $56.30 at the most recent close of the market. An investor can expect a potential return of 14.99% based on the average CIEN price forecast.
Analyzing the CIEN fundamentals
Trailing Twelve Months sales for CIENA Corp. [NYSE:CIEN] were 4.02B which represents -11.76% decline. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.05 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.54.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 55.73 points at the first support level, and at 55.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 56.76, and for the 2nd resistance point, it is at 57.23.
Ratios To Look Out For
To put it in perspective, the Current Ratio for CIENA Corp. [NYSE:CIEN] is 4.04. On the other hand, the Quick Ratio is 2.97, and the Cash Ratio is 1.01. Considering the valuation of this stock, the price to sales ratio is 2.02, the price to book ratio is 2.81 and price to earnings (TTM) ratio is 60.02.
Transactions by insiders
Recent insider trading involved JOSEPH CUMELLO, Officer, that happened on Sep 16 ’24 when 1289.0 shares were purchased. Officer, DAVID ROTHENSTEIN completed a deal on Sep 16 ’24 to buy 3500.0 shares. Meanwhile, SVP and Chief Strategy Officer Rothenstein David M sold 3500.0 shares on Aug 15 ’24.
