CIENA Corp (NYSE:CIEN) shares, rose in value, with the stock price down by -3.55% to the previous day’s close as strong demand from buyers drove the stock to $63.43.
Actively observing the price movement in the recent trading, the stock is buoying the session at $65.76, falling within a range of $62.95 and $65.28. The value of beta (5-year monthly) is 0.906 whereas the PE ratio is 117.50 over 12-month period. Referring to stock’s 52-week performance, its high was $101.44, and the low was $43.30. On the whole, CIEN has fluctuated by -21.47% over the past month.
With the market capitalization of CIENA Corp currently standing at about $9.02 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-10.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 4.43B, with a low estimate of 1.09B and a high estimate of 1.1B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.09B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CIEN’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 3.49, with the price of CIEN currently trading nearly -6.62% and -19.88% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 36.19, while the 7-day volatility ratio is showing 3.55% which for the 30-day chart, stands at 5.29%. Furthermore, CIENA Corp (CIEN)’s beta value is 1.11, and its average true range (ATR) is 3.61.
A comparison of CIENA Corp (CIEN) with its peers suggests the former has fared considerably weaker in the market. CIEN showed an intraday change of -3.55% in today’s session so far, and over the past year, it grew by 27.34%%.
Data on historical trading for CIENA Corp (NYSE:CIEN) indicates that the trading volumes over the past 10 days have averaged 2.13 and over the past 3 months, they’ve averaged 2.52 million. According to company’s latest data on outstanding shares, there are 142.53 million shares outstanding.
Nearly 1.41% of CIENA Corp’s shares belong to company insiders and institutional investors own 99.54% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.2 million shares as on 2025-03-14, resulting in a short ratio of 1.39. According to the data, the short interest in CIENA Corp (CIEN) stood at 477.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 3.94 million. The stock has fallen by -25.21% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CIEN stock heading into the next quarter.
