Ciena Corp Stock Performance
| CIEN Stock | USD 43.77 1.03 2.30% |
The firm shows a Beta (market volatility) of 1.24, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Ciena Corp will likely underperform. Ciena Corp has an expected return of -0.24%. Please make sure to confirm Ciena Corp value at risk, and the relationship between the jensen alpha and accumulation distribution , to decide if Ciena Corp performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Ciena Corp has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of uncertain performance in the last few months, the Stock's technical and fundamental indicators remain very healthy which may send shares a bit higher in May 2024. The recent disarray may also be a sign of long period up-swing for the firm investors. ...more
Actual Historical Performance (%)
One Day Return (0.51) | Five Day Return (1.06) | Year To Date Return (0.75) | Ten Year Return 123.66 | All Time Return (65.41) |
Last Split Factor 1:7 | Last Split Date 2006-09-25 |
1 | Sale by Gary Smith of 4166 shares of Ciena Corp | 02/05/2024 |
2 | Disposition of 4166 shares by Gary Smith of Ciena Corp at 56.8623 subject to Rule 16b-3 | 02/15/2024 |
3 | Ciena Price Target Increased to 65.00 by Analysts at Needham Company LLC | 03/04/2024 |
4 | Ciena Reports Fiscal First Quarter 2024 Financial Results | 03/07/2024 |
5 | Stocks Flashing Renewed Technical Strength Ciena | 03/11/2024 |
6 | Disposition of 4166 shares by Gary Smith of Ciena Corp at 49.8386 subject to Rule 16b-3 | 03/15/2024 |
7 | Acquisition by Lawton Fitt of 4438 shares of Ciena Corp subject to Rule 16b-3 | 03/25/2024 |
8 | Toshiba, Ciena Collaborate to Demonstrate Quantum Secure Communication at OFC | 03/26/2024 |
9 | Ciena , Toshiba Team Up for Quantum Safe Technology | 03/27/2024 |
10 | Disposition of 533 shares by Brodie Gage of Ciena Corp at 49.61 subject to Rule 16b-3 | 04/01/2024 |
11 | Ciena Corp executive sells over 26k in company stock | 04/03/2024 |
12 | Stocks making the biggest moves before the bell JPMorgan, BlackRock, Globe Life and more | 04/12/2024 |
13 | Disposition of 4166 shares by Gary Smith of Ciena Corp at 44.7976 subject to Rule 16b-3 | 04/15/2024 |
14 | Ciena exec Joseph Cumello sells over 144k in company stock | 04/17/2024 |
| Begin Period Cash Flow | 994.4 M | |
| Total Cashflows From Investing Activities | -383.5 M |
Ciena |
Ciena Corp Relative Risk vs. Return Landscape
If you would invest 5,251 in Ciena Corp on January 19, 2024 and sell it today you would lose (842.00) from holding Ciena Corp or give up 16.04% of portfolio value over 90 days. Ciena Corp is currently does not generate positive expected returns and assumes 2.7305% risk (volatility on return distribution) over the 90 days horizon. In different words, 24% of stocks are less volatile than Ciena, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Ciena Corp Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ciena Corp's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Ciena Corp, and traders can use it to determine the average amount a Ciena Corp's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0874
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| Negative Returns | CIEN |
Estimated Market Risk
| 2.73 actual daily | 24 76% of assets are more volatile |
Expected Return
| -0.24 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.09 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.
Ciena Corp Fundamentals Growth
Ciena Stock prices reflect investors' perceptions of the future prospects and financial health of Ciena Corp, and Ciena Corp fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Ciena Stock performance.
| Return On Equity | 0.0792 | ||||
| Return On Asset | 0.0424 | ||||
| Profit Margin | 0.05 % | ||||
| Operating Margin | 0.09 % | ||||
| Current Valuation | 6.75 B | ||||
| Shares Outstanding | 144.6 M | ||||
| Price To Earning | 34.45 X | ||||
| Price To Book | 2.26 X | ||||
| Price To Sales | 1.51 X | ||||
| Revenue | 4.39 B | ||||
| Gross Profit | 1.88 B | ||||
| EBITDA | 589.04 M | ||||
| Net Income | 254.83 M | ||||
| Cash And Equivalents | 1.18 B | ||||
| Cash Per Share | 7.98 X | ||||
| Total Debt | 1.61 B | ||||
| Debt To Equity | 0.43 % | ||||
| Current Ratio | 3.48 X | ||||
| Book Value Per Share | 20.17 X | ||||
| Cash Flow From Operations | 168.33 M | ||||
| Earnings Per Share | 1.54 X | ||||
| Market Capitalization | 6.51 B | ||||
| Total Asset | 5.6 B | ||||
| Retained Earnings | (3.38 B) | ||||
| Working Capital | 2.64 B | ||||
| Current Asset | 2.01 B | ||||
| Current Liabilities | 891.86 M | ||||
About Ciena Corp Performance
To evaluate Ciena Corp Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Ciena Corp generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Ciena Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Ciena Corp market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Ciena's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 66.89 | 97.25 | |
| Return On Tangible Assets | 0.1 | 0.10 | |
| Return On Capital Employed | 0.14 | 0.15 | |
| Return On Assets | 0.09 | 0.09 | |
| Return On Equity | 0.14 | 0.15 |
Things to note about Ciena Corp performance evaluation
Checking the ongoing alerts about Ciena Corp for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Ciena Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Ciena Corp generated a negative expected return over the last 90 days | |
| Ciena Corp is unlikely to experience financial distress in the next 2 years | |
| Over 97.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from investing.com: Ciena exec Joseph Cumello sells over 144k in company stock |
- Analyzing Ciena Corp's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Ciena Corp's stock is overvalued or undervalued compared to its peers.
- Examining Ciena Corp's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Ciena Corp's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Ciena Corp's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Ciena Corp's stock. These opinions can provide insight into Ciena Corp's potential for growth and whether the stock is currently undervalued or overvalued.
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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
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.
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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.