With 0.54 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.12 million shares. During the session, the Communication Equipment company that operates in wider Technology sector, reached to the highest price of $88.24 whereas the lowest price it dropped to was $87.08. The 52-week range on CIEN shows that it touched its highest point at $91.82 and its lowest point at $43.30 during that stretch. It currently has a 1-year price target of $87.93. Beta for the stock currently stands at 0.91.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CIEN was down-trending over the past week, with a drop of -0.17%, but this was up by 25.47% over a month. Three-month performance surged to 43.26% while six-month performance rose 84.62%. The stock gained 99.21% in the past year, while it has gained 95.49% so far this year. A look at the trailing 12-month EPS for CIEN yields 0.57 with Next year EPS estimates of 3.41. For the next quarter, that number is 0.42. This implies an EPS growth rate of 32.09% for this year and 41.65% for next year. EPS is expected to grow by 34.06% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -18.58%.
Float and Shares Shorts:
At present, 142.66 million CIEN shares are outstanding with a float of 139.55 million shares on hand for trading. On 2024-11-29, short shares totaled 6.26 million, which was 433.0 higher than short shares on 1730332800. In addition to Mr. James E. Moylan Jr. as the firm’s Senior VP of Finance & CFO, Mr. Scott Alexander McFeely serves as its Executive Advisor.
Institutional Ownership:
Through their ownership of 1.01693 of CIEN’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-07-27, CIEN reported revenue of $1124112000.0 and operating income of $61815000.0. The EBITDA in the recently reported quarter was $110992000.0 and diluted EPS was $nan.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CIEN since 21 analysts follow the stock currently. There are 16 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CIEN analysts setting a high price target of 105.0 and a low target of 57.0, the average target price over the next 12 months is 87.93333.
Analysts have provided yearly estimates in a range of $2.04727 being high and $1.88749 being low. For CIEN, this leads to a yearly average estimate of $1.93742. Based on analyst estimates, the high estimate for the next quarter is $0.68 and the low estimate is $0.37. The average estimate for the next quarter is thus $0.51.
