Ciena Corp Stock Price on February 24, 2017
| CIEN Stock | USD 44.09 0.71 1.58% |
Below is the normalized historical share price chart for Ciena Corp extending back to February 07, 1997. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Ciena Corp stands at 44.09, as last reported on the 18th of April 2024, with the highest price reaching 44.09 and the lowest price hitting 44.09 during the day.
If you're considering investing in Ciena Stock, it is important to understand the factors that can impact its price. Ciena Corp secures Sharpe Ratio (or Efficiency) of -0.079, which signifies that the company had a -0.079% return per unit of standard deviation over the last 3 months. Ciena Corp exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ciena Corp's risk adjusted performance of (0.02), and Mean Deviation of 1.68 to double-check the risk estimate we provide.
At this time, Ciena Corp's Total Stockholder Equity is very stable compared to the past year. As of the 18th of April 2024, Liabilities And Stockholders Equity is likely to grow to about 6.8 B, while Common Stock Shares Outstanding is likely to drop about 110.1 M. . As of the 18th of April 2024, Price Earnings To Growth Ratio is likely to grow to 0.41, while Price To Sales Ratio is likely to drop 1.63. Ciena Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 7th of February 1997 | 200 Day MA 46.9027 | 50 Day MA 52.6072 | Beta 0.995 |
Ciena |
Sharpe Ratio = -0.079
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | CIEN |
Estimated Market Risk
| 2.75 actual daily | 24 76% of assets are more volatile |
Expected Return
| -0.22 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.08 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Ciena Corp is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Ciena Corp by adding Ciena Corp to a well-diversified portfolio.
Price Book 2.2555 | Enterprise Value Ebitda 12.834 | Price Sales 1.5097 | Shares Float 143.2 M | Wall Street Target Price 58 |
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
About Ciena Corp Stock history
Ciena Corp investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Ciena is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ciena Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Ciena Corp stock prices may prove useful in developing a viable investing in Ciena Corp
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 171.8 M | 110.1 M | |
| Net Income Applicable To Common Shares | 293.1 M | 307.7 M |
Ciena Corp Quarterly Net Working Capital |
|
Ciena Corp Stock Technical Analysis
Ciena Corp technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Ciena Corp Period Price Range
Ciena Corp April 18, 2024 Market Strength
Market strength indicators help investors to evaluate how Ciena Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ciena Corp shares will generate the highest return on investment. By undertsting and applying Ciena Corp stock market strength indicators, traders can identify Ciena Corp entry and exit signals to maximize returns
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 44.09 | |||
| Day Typical Price | 44.09 | |||
| Price Action Indicator | (0.35) | |||
| Period Momentum Indicator | (0.71) |
Ciena Corp Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Ciena Corp's price direction in advance. Along with the technical and fundamental analysis of Ciena Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ciena to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | (0.11) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ciena Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. To learn how to invest in Ciena Stock, please use our How to Invest in Ciena Corp guide.Note that the Ciena Corp information on this page should be used as a complementary analysis to other Ciena Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Complementary Tools for Ciena Stock analysis
When running Ciena Corp's price analysis, check to measure Ciena Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ciena Corp is operating at the current time. Most of Ciena Corp's value examination focuses on studying past and present price action to predict the probability of Ciena Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ciena Corp's price. Additionally, you may evaluate how the addition of Ciena Corp to your portfolios can decrease your overall portfolio volatility.
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. |
Is Ciena Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ciena Corp. If investors know Ciena will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ciena Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.33) | Earnings Share 1.54 | Revenue Per Share 29.507 | Quarterly Revenue Growth (0.02) | Return On Assets 0.0424 |
The market value of Ciena Corp is measured differently than its book value, which is the value of Ciena that is recorded on the company's balance sheet. Investors also form their own opinion of Ciena Corp's value that differs from its market value or its book value, called intrinsic value, which is Ciena Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ciena Corp's market value can be influenced by many factors that don't directly affect Ciena Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ciena Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ciena Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ciena Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.