CIENA Corp (NYSE: CIEN) started the day on Wednesday, with a price decrease of -0.92% at $66.48, before settling in for the price of $67.10 at the close. Taking a more long-term approach, CIEN posted a 52-week range of $42.20-$73.47.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
The Technology sector firm’s twelve-monthly sales growth has been 5.62% for the last half of the decade. Nevertheless, stock’s Earnings Per Share (EPS) this year is -28.78%. This publicly-traded company’s shares outstanding now amounts to $144.83 million, simultaneously with a float of $142.08 million. The organization now has a market capitalization sitting at $9.60 billion. At the time of writing, stock’s 50-day Moving Average stood at $64.66, while the 200-day Moving Average is $53.92.
CIENA Corp (CIEN) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the Communication Equipment Industry. CIENA Corp’s current insider ownership accounts for 1.62%, in contrast to 99.15% institutional ownership. According to the most recent insider trade that took place on Nov 15 ’24, this organization’s SVP, General Mgr. Blue Planet sold 1,289 shares at the rate of 68.99, making the entire transaction reach 88,928 in total value, affecting insider ownership by 39,486. Preceding that transaction, on Nov 15 ’24, Company’s SVP and Chief Strategy Officer sold 3,500 for 68.99, making the whole transaction’s value amount to 241,465. This particular insider is now the holder of 196,497 in total.
CIENA Corp (CIEN) Earnings and Revenue Records
CIENA Corp’s EPS decrease for this current 12-month fiscal period is -28.78% and is forecasted to reach 2.72 in the upcoming year.
CIENA Corp (NYSE: CIEN) Trading Performance Indicators
Let’s observe the current performance indicators for CIENA Corp (CIEN). It’s Quick Ratio in the last reported quarter now stands at 2.97. The Stock has managed to achieve an average true range (ATR) of 2.02. Alongside those numbers, its PE Ratio stands at $70.87, and its Beta score is 0.94. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 2.39. Similarly, its price to free cash flow for trailing twelve months is now 34.02.
In the same vein, CIEN’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 0.94, a figure that is expected to reach 0.65 in the next quarter, and analysts are predicting that it will be 2.72 at the market close of one year from today.
Technical Analysis of CIENA Corp (CIEN)
If we take a close look at the recent performances of CIENA Corp (NYSE: CIEN), its last 5-days Average volume was 1.32 million that shows plunge from its year to date volume of 1.8 million. During the previous 9 days, stock’s Stochastic %D was recorded 13.67% While, its Average True Range was 2.05.
Raw Stochastic average of CIENA Corp (CIEN) in the period of the previous 100 days is set at 75.54%, which indicates a major rise in contrast to 33.24% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 35.07% that was lower than 38.57% volatility it exhibited in the past 100-days period.
