CIENA Corp. [CIEN] stock is trading at $61.45, down -0.23%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CIEN shares have gain 1.52% over the last week, with a monthly amount glided 6.59%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
CIENA Corp. [NYSE: CIEN] stock has seen the most recent analyst activity on September 23, 2024, when Citigroup upgraded its rating to a Buy and also boosted its price target to $68 from $44. Previously, BofA Securities downgraded its rating to Neutral on September 05, 2024. On June 12, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $55 on the stock. Raymond James downgraded its rating to a Outperform and decreased its price target to $54 on June 06, 2024. Rosenblatt downgraded its rating to a Neutral and reduced its price target to $52.50 on May 30, 2024. Citigroup started tracking with a Sell rating for this stock on April 12, 2024, and assigned it a price target of $44. In a note dated April 11, 2024, Exane BNP Paribas initiated an Outperform rating and provided a target price of $57 on this stock.
CIENA Corp. [CIEN] stock has fluctuated between $39.94 and $63.24 over the past year. Currently, Wall Street analysts expect the stock to reach $64.89 within the next 12 months. CIENA Corp. [NYSE: CIEN] shares were valued at $61.45 at the most recent close of the market. An investor can expect a potential return of 5.6% based on the average CIEN price forecast.
Analyzing the CIEN fundamentals
CIENA Corp. [NYSE:CIEN] reported sales of 4.02B for the trailing twelve months, which represents a drop of -11.76%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.54.
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 60.17 points at the first support level, and at 58.89 for the second support level. However, for the 1st resistance point, the stock is sitting at 62.16, and for the 2nd resistance point, it is at 62.87.
Ratios To Look Out For
For context, CIENA Corp.’s Current Ratio is 4.04. In addition, the Quick Ratio stands at 2.97 and the Cash Ratio stands at 1.01. Considering the valuation of this stock, the price to sales ratio is 2.21, the price to book ratio is 3.07 and price to earnings (TTM) ratio is 65.51.
Transactions by insiders
Recent insider trading involved Phipps Jason, SVP Global Sales and Marketing, that happened on Oct 01 ’24 when 2200.0 shares were sold. Officer, JASON PHIPPS completed a deal on Oct 01 ’24 to buy 2200.0 shares. Meanwhile, SVP, General Mgr. Blue Planet Cumello Joseph sold 1289.0 shares on Sep 16 ’24.
