CIENA Corp [CIEN] stock prices are down -1.59% to $96.62 at the moment. 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 gain 14.97% over the last week, with a monthly amount glided 10.57%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
CIENA Corp [NYSE: CIEN] stock has seen the most recent analyst activity on December 13, 2024, when BofA Securities upgraded its rating to a Buy and also boosted its price target to $95 from $70. Previously, Morgan Stanley downgraded its rating to Equal-Weight on October 28, 2024, and kept the price target unchanged to $63. On October 15, 2024, downgrade downgraded it’s rating to In-line but maintained its price target of $65 on the stock. Exane BNP Paribas downgraded its rating to a Neutral and increased its price target to $67 on October 09, 2024. JP Morgan downgraded its rating to a Neutral but $65 remained the price target by the analyst firm on October 07, 2024. Citigroup upgraded its rating to Buy for this stock on September 23, 2024, and upped its price target to $68. In a note dated September 05, 2024, BofA Securities downgraded an Neutral rating on this stock.
The stock price of CIENA Corp [CIEN] has been fluctuating between $43.30 and $100.92 over the past year. Currently, Wall Street analysts expect the stock to reach $70.75 within the next 12 months. CIENA Corp [NYSE: CIEN] shares were valued at $96.62 at the most recent close of the market. An investor can expect a potential drop of -26.77% based on the average CIEN price forecast.
Analyzing the CIEN fundamentals
The CIENA Corp [NYSE:CIEN] reported sales of 4.01B for trailing twelve months, representing a drop of -0.48%. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.03 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.58.
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 94.77 points at the first support level, and at 92.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 99.95, and for the 2nd resistance point, it is at 103.29.
Ratios To Look Out For
It’s worth pointing out that CIENA Corp [NYSE:CIEN]’s Current Ratio is 3.52. Also, the Quick Ratio is 2.70, while the Cash Ratio stands at 0.94. Considering the valuation of this stock, the price to sales ratio is 3.42, the price to book ratio is 4.89 and price to earnings (TTM) ratio is 168.30.
Transactions by insiders
Recent insider trading involved Kosaraju Sheela, SVP and General Counsel, that happened on Jan 15 ’25 when 1509.0 shares were sold. President, CEO, SMITH GARY B completed a deal on Jan 15 ’25 to sell 6800.0 shares. Meanwhile, SVP Global Products & Supply Gage Brodie sold 350.0 shares on Jan 15 ’25.
