Ciena Corporation (NYSE:CIEN) has a 1 Year Target Estimate of $26.69. The stock traded with the volume of 2.77 Million in the last trading session. Ciena Corporation opened at $21.51 and closed by showing an increase of 1.07%. The Bid price in the last session was $21.51 x 700 and the Ask price was $22.80 x 400. (The ask price is what sellers are willing to take for it. If you are selling a stock, you are going to get the bid price, if you are buying a stock you are going to get the ask price. The difference (or spread) goes to the broker/specialist that handles the transaction).
Ciena Corporation has the Market Capitalization of 3.02 Billion. The Stock has its 52-week High of $25.22 and 52-Week Low of $15.62 and it touched its 52-week high on Dec 4, 2015 and 52-Week Low on May 13, 2016.
Ciena Corporation reported its last Earnings on Dec 08 BMO where the company reported Actual EPS of $0.42/Share whereas, the Analyst Estimated EPS was $0.38/share. The difference between Actual EPS and Estimated EPS was $0.04/share. This represented an Earnings Surprise of 10.5%. The company will report its next earnings on 8-Dec-16.
Some analyst provided their insight on Growth Estimates; Ciena Corporation has the Current Quarter Earnings Growth rate of 11.9%. The Next Quarter growth is expected to be 66.7%. In the past 5 years, the stock has earnings growth rate of 59.78% per annum while the Upcoming 5 year’s earnings growth rate is expected to be 16.67% per annum.
18 number of analysts also provided their insight on Ciena Corporation, where the Average Price Target for the stock is $26.69. They also projected Low Price Target as $22 while High Price Target is set at $33.
A number of analysts rated the stock as well: 6 analysts believe that the stock is a STRONG BUY while 11 reported it as Buy.4 analysts assigned a HOLD rating, 0 said it’s UNDERPERFORM and 0 say that this stock is a SELL.
Ciena Corporation annual Divided is 0 while it’s Dividend Yield is 0%. The stock has its Price to Earnings (P/E) ratio of 195.14 and Forward Price to Earnings ratio of 12.62. The company has its Price to Sales (P/S) ratio of 1.17 where Price to Book (P/B) ratio of 4.17, Price to Cash Per share (P/C) of 2.62 and Price to Free Cash Flow (P/FCF) has a value of 22.54.
The company has its Return on Assets (ROA) of 0.8 Percent. Return on Equity (ROE) stands at 3.4% and Return on Investment (ROI) displays a value of 4.7%.
The stock is currently trading at Distance from 20-Day simple moving Average of 2.47% whereas, Distance from 50-Day Simple moving average is 2.22 Percent and Distance from 200-Day Simple Moving Average of 10.19 percent.
A look at performance overview of Ciena Corporation depicts that Performance (Week) is -1.32 percent while Performance Month is 11.02%. Quarterly performance shows a value of -0.32% and Half Year Performance value stands at 21.96%. Yearly performance of the stock has the value of -13.5 percent. Ciena Corporation has its YTD performance of 4.69 Percent. (YTD performance is the most important factor to consider; if YTD is negative, the stock is declining; if the YTD Performance value is Positive the stock is surging).
Many Insiders have done trades inside the company. The latest trade was made on 14 Nov 2016 where General Counsel ROTHENSTEIN DAVID M did a transaction type “Sell” in which 2000 shares were traded at a price of $22.4. Another insider trade includes Officer Petrik Andrew C who also initiated a transaction in which 2475 shares were traded on 14 Nov 2016 as “Sell”. On 14 Nov 2016 Officer FRODSHAM JAMES A traded 2000 shares as “Sell” at $22.4. Officer FRODSHAM JAMES A Sell 102 shares on 13 Nov 2016 at the price of $22.21.
The latest Upgrades/Downgrades was done by Research firm Deutsche Bank on 14-Nov-16 who Upgrade the stock from Hold to Buy. Other firms have also Upgraded/Downgraded the stock. On 30-Sep-16, Stifel took an action “Initiated” to Hold. On 2-Sep-16, the stock was Downgrade to Hold by Drexel Hamilton.