Ciena Corporation [CIEN] stock is up 0.03 while the S&P 500 has risen 0.51% on Thursday, 09/24/20. While at the time of this article, CIEN ATR is sitting at 1.90, with the beta value at 0.87. This stock’s volatility for the past week remained at 3.05%, while it was 3.86% for the past 30-day period. CIEN has risen $0.01 from the previous closing price of $38.82 on volume of 0.96 million shares.

Analyst Birdseye View:

The most recent analyst activity for Ciena Corporation [NYSE:CIEN] stock was on July 21, 2020, when it was Upgrade with a Buy rating from Needham, which also raised its 12-month price target on the stock to $65. On June 04, 2020, Northland Capital Downgrade a Market perform rating. On May 13, 2020, B. Riley FBR Downgrade a Neutral rating and decreased its price target from $54 to $51. On April 16, 2020, Morgan Stanley Downgrade an Equal-weight rating and increased its price target to $47. On January 08, 2020, Morgan Stanley Upgrade an Overweight rating and boosted its amount target on this stock to $50. On December 13, 2019, Piper Jaffray Upgrade an Overweight rating and boosted its target amount on this stock to $50. On December 13, 2019, Dougherty & Company Reiterated a Buy rating and amplified its amount target to $48.

In the past 52 weeks of trading, this stock has oscillated between a low of $30.58 and a peak of $61.51. Right now, the middling Wall Street analyst 12-month amount mark is $54.50. At the most recent market close, shares of Ciena Corporation [NYSE:CIEN] were valued at $38.83. According to the average price forecast, investors can expect a potential return of 1.89%.

FUNDAMENTAL ANALYSIS

Ciena Corporation [NYSE:CIEN] most recently reported quarterly sales of 976.71 billion, which represented growth of 1.70%. This publicly-traded organization’s revenue is $559,632 per employee, while its income is $39,705 per employee. This company’s Gross Margin is currently 45.40%, its Operating Margin is 13.20%, its Pretax Margin is +8.77, and its Net Margin is +7.09. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 6.63, 12.36, 13.33 and 9.05 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 25.80 and the whole liability to whole assets at 19.40. It shows enduring liability to the whole principal at 25.47 and enduring liability to assets at 0.19 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 38.22 points at 1st support level, the second support level is making up to 37.62. But as of 1st resistance point, this stock is sitting at 39.40 and at 39.98 for 2nd resistance point.

Ciena Corporation [CIEN] reported its earnings at $1.06 per share in the fiscal quarter closing of 7/30/2020. The Analysts for Wall Street were expecting to report its earnings at $0.83/share signifying the difference of 0.23 and 27.70% surprise value. Comparing the previous quarter ending of 4/29/2020, the stated earnings were $0.76 calling estimates for $0.49/share with the difference of 0.27 depicting the surprise of 55.10%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Ciena Corporation [NYSE:CIEN] is 3.60. Likewise, the Quick ratio is also the same, showing Cash ratio at 1.20. Now if looking for a valuation of this stock’s amount to sales ratio it’s 1.64, it’s amount to book ratio is 2.64 and showing 16.08 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by Phipps Jason, SVP Global Sales and Marketing, and it was the sale of 1826.0 shares on Sep 22. HAMILTON RICK, the SVP, Software and Services, completed a sale of 1895.0 shares on Sep 22. On Sep 21, MOYLAN JAMES E JR, SVP Finance, CFO, completed a sale of 2000.0 shares.