Ciena Corporation is a communication equipment business based in the US. Ciena shares (CIEN.US) are listed on the NYSE and all prices are listed in US Dollars. Ciena employs 7,032 staff and has a trailing 12-month revenue of around $3.5 billion.
|Latest market close||$N/A|
|52-week range||$30.58 - $61.52|
|50-day moving average||$51.2952|
|200-day moving average||$48.8521|
|Wall St. target price||$55.97|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||$2.32|
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Valuing Ciena stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Ciena's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Ciena's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 24x. In other words, Ciena shares trade at around 24x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Ciena's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.77. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Ciena's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Ciena's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $646.2 million.
The EBITDA is a measure of a Ciena's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$3.5 billion|
|Operating margin TTM||14.54%|
|Gross profit TTM||$1.7 billion|
|Return on assets TTM||7.95%|
|Return on equity TTM||15.43%|
|Market capitalisation||$8.5 billion|
TTM: trailing 12 months
There are currently 5.5 million Ciena shares held short by investors – that's known as Ciena's "short interest". This figure is 86% up from 3.0 million last month.
There are a few different ways that this level of interest in shorting Ciena shares can be evaluated.
Ciena's "short interest ratio" (SIR) is the quantity of Ciena shares currently shorted divided by the average quantity of Ciena shares traded daily (recently around 2.1 million). Ciena's SIR currently stands at 2.57. In other words for every 100,000 Ciena shares traded daily on the market, roughly 2570 shares are currently held short.
However Ciena's short interest can also be evaluated against the total number of Ciena shares, or, against the total number of tradable Ciena shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Ciena's short interest could be expressed as 0.04% of the outstanding shares (for every 100,000 Ciena shares in existence, roughly 40 shares are currently held short) or 0.0399% of the tradable shares (for every 100,000 tradable Ciena shares, roughly 40 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Ciena.
Find out more about how you can short Ciena stock.
We're not expecting Ciena to pay a dividend over the next 12 months. However, you can browse other dividend-paying shares in our guide.
Ciena's shares were split on a 1:7 basis on 25 September 2006. So if you had owned 7 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Ciena shares – just the quantity. However, indirectly, the new 600% higher share price could have impacted the market appetite for Ciena shares which in turn could have impacted Ciena's share price.
Over the last 12 months, Ciena's shares have ranged in value from as little as $30.58 up to $61.52. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Ciena's is 0.8493. This would suggest that Ciena's shares are less volatile than average (for this exchange).
Ciena Corporation provides network hardware, software, and services that support the transport, routing, switching, aggregation, service delivery, and management of video, data, and voice traffic on communications networks worldwide. The company's Networking Platforms segment offers hardware networking products and solutions that optimized for the convergence of coherent optical transport, optical transport network switching, and packet switching. Its products include 6500 Packet-Optical Platform, 5430 Reconfigurable Switching System, Waveserver stackable interconnect system, and the 6500 Reconfigurable line system, and the 5400 family of Packet-Optical platforms, as well as Z-Series Packet-Optical Platform; 3000 family of service delivery switches and service aggregation switches, and the 5000 family of service aggregation switches, as well as 8700 Packetwave Platform and the Ethernet packet configuration for the 5410 Service Aggregation Switch; and 6500 Packet Transport System. This segment also sells operating system software and enhanced software features embedded in each of its products. The company's Blue Planet Automation Software and Services segment provides multi-domain service orchestration, inventory, route optimization and analysis, network function virtualization orchestration, analytics, and related services. Its Platform Software and Service segment offers OneControl unified management system and platform software services, as well as manage, control, and plan software. The company's Global Services segment provides consulting and network design, installation and deployment, maintenance support, and training services. The company sells its products through direct and indirect sales channels to network operators. Ciena Corporation was founded in 1992 and is headquartered in Hanover, Maryland.
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