CIENA Corp [NYSE: CIEN] loss -2.41% or -1.58 points to close at $63.95 with a heavy trading volume of 8339594 shares.
The daily chart for CIEN points out that the company has recorded 25.00% gains over the past six months.
If we look at the average trading volume of 2.68M shares, CIEN reached to a volume of 8339594 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $85.21 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 2.00. 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.
JP Morgan have made an estimate for CIENA Corp shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on January 28, 2025. While these analysts kept the previous recommendation, BofA Securities raised their target price from $70 to $95. The new note on the price target was released on December 13, 2024, representing the official price target for CIENA Corp stock. Previously, the target price had yet another raise to $63, while Morgan Stanley analysts kept a Equal-Weight rating on CIEN stock.
The Average True Range (ATR) for CIENA Corp is set at 4.66, with the Price to Sales ratio for CIEN stock in the period of the last 12 months amounting to 2.27. The Price to Book ratio for the last quarter was 3.24, with the Price to Cash per share for the same quarter was set at 8.77. Price to Free Cash Flow for CIEN in the course of the last twelve months was 24.29 with Quick ratio for the last quarter at 2.70.
Trading performance analysis for CIEN stock
CIENA Corp [CIEN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -13.94. With this latest performance, CIEN shares dropped by -28.71% in over the last four-week period, additionally plugging by 25.00% over the last 6 months – not to mention a rise of 21.03% 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 26.58, with the RSI for the last a single of trading hit 19.44, and the three-weeks RSI is set at 32.32 for CIENA Corp [CIEN]. The present Moving Average for the last 50 days of trading for this stock 83.57, while it was recorded at 68.42 for the last single week of trading, and 65.21 for the last 200 days.
CIENA Corp [CIEN]: A deeper dive into fundamental analysis
CIENA Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.70 and a Current Ratio set at 3.52.
CIENA Corp [CIEN]: An earnings per share (EPS) analysis
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 33.50%.
An analysis of Institutional ownership at CIENA Corp [CIEN]
The top three institutional holders of CIEN stocks are: FMR LLC with ownership of 21.56 million shares, which is approximately 14.9284%. 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%.
