CIENA Corp. [CIEN] stock is trading at $66.25, up 0.15%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CIEN shares have lost -0.48% over the last week, with a monthly amount glided 9.45%, 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 15, 2024, when Evercore ISI downgraded its rating to a In-line but kept the price target unchanged to $65 for it. Previously, Exane BNP Paribas downgraded its rating to Neutral on October 09, 2024, and elevated its price target to $67. On October 07, 2024, downgrade downgraded it’s rating to Neutral but maintained its price target of $65 on the stock. Citigroup upgraded its rating to a Buy and increased its price target to $68 on September 23, 2024. BofA Securities downgraded its rating to a Neutral. Morgan Stanley upgraded its rating to Overweight for this stock on June 12, 2024, and upped its price target to $55. In a note dated June 06, 2024, Raymond James downgraded an Outperform rating on this stock and revised its target price from $59 to $54.
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 $66.25 at the most recent close of the market. An investor can expect a potential drop of -0.77% 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 65.66 points at the first support level, and at 65.06 for the second support level. However, for the 1st resistance point, the stock is sitting at 66.84, and for the 2nd resistance point, it is at 67.42.
Ratios To Look Out For
For context, CIENA Corp.’s Current Ratio is 4.04. Also, the Quick Ratio is 2.97, while the Cash Ratio stands at 1.01. Considering the valuation of this stock, the price to sales ratio is 2.38, the price to book ratio is 3.31 and price to earnings (TTM) ratio is 70.63.
Transactions by insiders
Recent insider trading involved Rothenstein David M, SVP and Chief Strategy Officer, that happened on Oct 15 ’24 when 3500.0 shares were sold. SVP, General Mgr. Blue Planet, Cumello Joseph completed a deal on Oct 15 ’24 to sell 1289.0 shares. Meanwhile, Officer JOSEPH CUMELLO bought 1289.0 shares on Oct 15 ’24.
