CIENA Corp. [NYSE: CIEN] closed the trading session at $66.02.
The stocks have a year to date performance of 46.68 percent and weekly performance of 7.49 percent. The stock has been moved at 35.79 percent over the last six months. The stock has performed 19.28 percent around the most recent 30 days and changed 40.62 percent over the most recent 3-months.
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If compared to the average trading volume of 1.59M shares, CIEN reached to a volume of 4512096 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about CIENA Corp. [CIEN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CIEN shares is $62.13 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CIEN stock is a recommendation set at 1.78. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Citigroup have made an estimate for CIENA Corp. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 23, 2024. The new note on the price target was released on September 05, 2024, representing the official price target for CIENA Corp. stock. Previously, the target price had yet another raise from $53 to $55, while Morgan Stanley kept a Overweight rating on CIEN stock. On June 06, 2024, analysts decreased their price target for CIEN shares from 59 to 54.
The Average True Range (ATR) for CIENA Corp. is set at 1.95, with the Price to Sales ratio for CIEN stock in the period of the last 12 months amounting to 2.37. The Price to Book ratio for the last quarter was 3.30, with the Price to Cash per share for the same quarter was set at 7.62. Price to Free Cash Flow for CIEN in the course of the last twelve months was 33.79 with Quick ratio for the last quarter at 2.97.
CIEN stock trade performance evaluation
CIENA Corp. [CIEN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.49. With this latest performance, CIEN shares gained by 19.28% in over the last four-week period, additionally plugging by 35.79% over the last 6 months – not to mention a rise of 39.99% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CIEN stock in for the last two-week period is set at 76.65, with the RSI for the last a single of trading hit 81.44, and the three-weeks RSI is set at 72.79 for CIENA Corp. [CIEN]. The present Moving Average for the last 50 days of trading for this stock 54.41, while it was recorded at 62.67 for the last single week of trading, and 50.74 for the last 200 days.
CIENA Corp. [CIEN]: An insightful look at the core fundamentals
CIENA Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.97 and a Current Ratio set at 4.04.
Earnings per share (EPS) analysis for CIENA Corp. [CIEN] stock
With the latest financial reports released by the company, CIENA Corp. posted 0.75/share EPS, while the average EPS was predicted by analysts to be reported at 0.69/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.06. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CIEN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for CIENA Corp. go to 8.90%.
CIENA Corp. [CIEN]: Institutional Ownership
There are presently around $100.72%, or 101.68%% of CIEN stock, in the hands of institutional investors. The top three institutional holders of CIEN stocks are: FMR LLC with ownership of 21.56 million shares, which is approximately 14.8748%. BLACKROCK INC., holding 15.61 million shares of the stock with an approximate value of $$752.08 million in CIEN stocks shares; and BLACKROCK INC., currently with $$721.54 million in CIEN stock with ownership which is approximately 10.3343%.
