CIENA Corp. [CIEN] stock is trading at $67.73, down -1.08%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CIEN shares have gain 6.51% over the last week, with a monthly amount glided 20.58%, 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 October 09, 2024, when Exane BNP Paribas downgraded its rating to a Neutral and also boosted its price target to $67 from $59. Previously, JP Morgan downgraded its rating to Neutral on October 07, 2024, and kept the price target unchanged to $65. On September 23, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $68 on the stock. BofA Securities downgraded its rating to a Neutral. Morgan Stanley upgraded its rating to a Overweight and raised its price target to $55 on June 12, 2024. Raymond James downgraded its rating to Outperform for this stock on June 06, 2024, and downed its price target to $54. In a note dated May 30, 2024, Rosenblatt downgraded an Neutral rating on this stock and revised its target price from $65 to $52.50.
CIENA Corp. [CIEN] stock has fluctuated between $39.94 and $69.91 over the past year. Currently, Wall Street analysts expect the stock to reach $65.74 within the next 12 months. CIENA Corp. [NYSE: CIEN] shares were valued at $67.73 at the most recent close of the market. An investor can expect a potential drop of -2.94% 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 67.08 points at the first support level, and at 66.42 for the second support level. However, for the 1st resistance point, the stock is sitting at 68.66, and for the 2nd resistance point, it is at 69.58.
Ratios To Look Out For
For context, CIENA Corp.’s Current Ratio is 4.04. As well, the Quick Ratio is 2.97, while the Cash Ratio is 1.01. Considering the valuation of this stock, the price to sales ratio is 2.43, the price to book ratio is 3.38 and price to earnings (TTM) ratio is 72.21.
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.
