Ciena Corp (NYSE:CIEN) shares traded 0.27% up during most recent session to reach at the closing price of $33.3. The stock exchanged hands 2.26 Million shares versus average trading capacity of 2.63 Million shares, yielding a market cap of $5.22 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $44.42 within the next 52-weeks. The mean target projections are based on 19 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Ciena Corp (NYSE:CIEN) high price target of $52 and with a conservative view have low price target of $32.
“Upgrades” Ciena Corp (NYSE:CIEN) in a research note issued to investors on 4/15/19 to Outperform.
Additionally on 3/06/19 “Maintained” Ciena Corp (NYSE:CIEN) to Buy setting price target at $48 and on 3/06/19 “Maintained” the stock to Hold at $32. Furthermore on 3/06/19 “Maintained” the stock to Buy at $50.
On the other hand the company has Relative Strength Index (RSI 14) of 24.02 along with Average True Range (ATR 14) of 1.02, Consequently Ciena Corp (NYSE:CIEN)’s weekly and monthly volatility is 2.74%, 2.43% respectively. The company’s beta value is at 1.05.
In terms of Buy, Sell or Hold recommendations, Ciena Corp (NYSE:CIEN) has analysts’ mean recommendation of 2.1. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Ciena Corp (NYSE:CIEN)’s minimum EPS for the current quarter is at $0.35 and can go high up to $0.43. The consensus mean EPS for the current quarter is at $0.41 derived from a total of 19 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.23 earnings per share for the same quarter during last year.
Previously Ciena Corp (NYSE:CIEN) reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.3 by $0.03. The company posted an earnings surprise of 10%.
Ciena Corp (NYSE:CIEN)’s revenue estimates for the current quarter are $819 Million according to 17 number of analysts, for the current quarter the company has high revenue estimates of $828.41 Million in contradiction of low revenue estimates of $802.1 Million. For the current year the company’s revenue estimates are $3.35 Billion compared to low analyst estimates of $3.32 Billion and high estimates of $3.39 Billion according to 18 number of analysts.
Currently Ciena Corp (NYSE:CIEN)’s shares owned by insiders are 1.6%, whereas shares owned by institutional owners are 96.3%. However the six-month change in the insider ownership was recorded -11.36%, as well as three-month change in the institutional ownership was recorded 0.7%.
Ciena Corp (NYSE:CIEN)’s trailing twelve month revenues are $3.23 Billion, whereas its price to sales ratio for the same period is 1.62. Its book value per share for the most recent quarter is $13.14 while its price to book ratio for the same period is 2.53, as for as the company’s cash per share for the most recent quarter is $5.03, however its price to cash per share ratio for the same period is 6.62. The stock has 5 year expected PEG ratio of 1.87 whereas its trailing twelve month P/E ratio is 24.68.