Is Ciena Corp Stock a Good Investment?
Ciena Corp Investment Advice | CIEN |
- Examine Ciena Corp's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Ciena Corp's leadership team and their track record. Good management can help Ciena Corp navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Communications Equipment space and any emerging trends that could impact Ciena Corp's business and its evolving consumer preferences.
- Compare Ciena Corp's performance and market position to its competitors. Analyze how Ciena Corp is positioned in terms of product offerings, innovation, and market share.
- Check if Ciena Corp pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Ciena Corp's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Ciena Corp stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Ciena Corp is a good investment.
Sell | Buy |
Strong Hold
Market Performance | Good | Details | |
Volatility | Very steady | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Very Small | Details | |
Economic Sensitivity | Actively responds to the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Ciena Corp Stock
Researching Ciena Corp's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 99.0% of the company shares are held by institutions such as insurance companies. The book value of Ciena Corp was currently reported as 20.02. The company has Price/Earnings To Growth (PEG) ratio of 0.77. Ciena Corp had not issued any dividends in recent years. The entity had 1:7 split on the 25th of September 2006.
To determine if Ciena Corp is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Ciena Corp's research are outlined below:
| Ciena Corp is unlikely to experience financial distress in the next 2 years | |
| Over 99.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from investing.com: Ciena Corps chief strategy officer sells 241,464 in stock |
Ciena Corp Quarterly Cost Of Revenue |
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Ciena Corp uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Ciena Corp. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Ciena Corp's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 4th of March 2024 Upcoming Quarterly Report | View | |
| 4th of June 2024 Next Financial Report | View | |
| 31st of January 2024 Next Fiscal Quarter End | View | |
| 5th of December 2024 Next Fiscal Year End | View | |
| 31st of October 2023 Last Quarter Report | View | |
| 31st of October 2023 Last Financial Announcement | View |
Earnings surprises can significantly impact Ciena Corp's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Ciena Corp's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2012-12-13 | 2012-10-31 | -0.06 | -0.07 | -0.01 | 16 | ||
2018-03-06 | 2018-01-31 | 0.13 | 0.15 | 0.02 | 15 | ||
2012-08-30 | 2012-07-31 | -0.02 | -0.04 | -0.02 | 100 | ||
2011-03-07 | 2011-01-31 | -0.16 | -0.14 | 0.02 | 12 | ||
2009-03-05 | 2009-01-31 | -0.07 | -0.09 | -0.02 | 28 | ||
1998-12-10 | 1998-10-31 | -0.12 | -0.1 | 0.02 | 16 | ||
2019-03-05 | 2019-01-31 | 0.3 | 0.33 | 0.03 | 10 | ||
2017-03-08 | 2017-01-31 | 0.29 | 0.26 | -0.03 | 10 |
Know Ciena Corp's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Ciena Corp is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Ciena Corp backward and forwards among themselves. Ciena Corp's institutional investor refers to the entity that pools money to purchase Ciena Corp's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Bank Of America Corp | 2024-06-30 | 2.5 M | Geode Capital Management, Llc | 2024-06-30 | 2.4 M | Atreides Management, Lp | 2024-09-30 | 2.2 M | Rokos Capital Management Llp | 2024-06-30 | 2 M | Neuberger Berman Group Llc | 2024-06-30 | 2 M | Pacer Advisors, Inc. | 2024-06-30 | 2 M | Rima Management, Llc | 2024-09-30 | 2 M | Alyeska Investment Group, L.p. | 2024-06-30 | 2 M | Victory Capital Management Inc. | 2024-09-30 | 1.9 M | Fmr Inc | 2024-09-30 | 21.7 M | Blackrock Inc | 2024-06-30 | 15.6 M |
Ciena Corp's market capitalization trends
The company currently falls under 'Mid-Cap' category with a current market capitalization of 9.6 B.Market Cap |
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Ciena Corp's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.10 | 0.10 | |
| Return On Capital Employed | 0.14 | 0.15 | |
| Return On Assets | 0.09 | 0.09 | |
| Return On Equity | 0.14 | 0.15 |
Determining Ciena Corp's profitability involves analyzing its financial statements and using various financial metrics to determine if Ciena Corp is a good buy. For example, gross profit margin measures Ciena Corp's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Ciena Corp's profitability and make more informed investment decisions.
Ciena Corp's Earnings Breakdown by Geography
Evaluate Ciena Corp's management efficiency
Ciena Corp has return on total asset (ROA) of 0.0252 % which means that it generated a profit of $0.0252 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.0473 %, meaning that it created $0.0473 on every $100 dollars invested by stockholders. Ciena Corp's management efficiency ratios could be used to measure how well Ciena Corp manages its routine affairs as well as how well it operates its assets and liabilities. As of the 21st of November 2024, Return On Tangible Assets is likely to grow to 0.10. Also, Return On Capital Employed is likely to grow to 0.15. At this time, Ciena Corp's Net Tangible Assets are very stable compared to the past year. As of the 21st of November 2024, Return On Tangible Assets is likely to grow to 0.10, while Intangible Assets are likely to drop about 133.9 M.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 16.27 | 14.20 | |
| Tangible Book Value Per Share | 13.62 | 10.69 | |
| Enterprise Value Over EBITDA | 8.90 | 8.46 | |
| Price Book Value Ratio | 2.42 | 2.30 | |
| Enterprise Value Multiple | 8.90 | 8.46 | |
| Price Fair Value | 2.42 | 2.30 | |
| Enterprise Value | 4.9 B | 6.2 B |
Ciena Corp benefits from a proactive management team that anticipates market trends. Our analysis delves into how this proactive stance influences financial metrics and stock valuation.
Beta 0.938 |
Basic technical analysis of Ciena Stock
As of the 21st of November, Ciena Corp shows the risk adjusted performance of 0.1145, and Mean Deviation of 1.7. Ciena Corp technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices.Ciena Corp's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Ciena Corp insiders, such as employees or executives, is commonly permitted as long as it does not rely on Ciena Corp's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Ciena Corp insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Ciena Corp's Outstanding Corporate Bonds
Ciena Corp issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Ciena Corp uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Ciena bonds can be classified according to their maturity, which is the date when Ciena Corp has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Dana 575 percent Corp BondUS235822AB96 | View | |
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| US171779AL52 Corp BondUS171779AL52 | View | |
| CIMAREX ENERGY 39 Corp BondUS171798AD34 | View |
Understand Ciena Corp's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Ciena Corp's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.1145 | |||
| Market Risk Adjusted Performance | 0.193 | |||
| Mean Deviation | 1.7 | |||
| Semi Deviation | 1.77 | |||
| Downside Deviation | 2.01 | |||
| Coefficient Of Variation | 698.67 | |||
| Standard Deviation | 2.26 | |||
| Variance | 5.12 | |||
| Information Ratio | 0.1009 | |||
| Jensen Alpha | 0.1673 | |||
| Total Risk Alpha | 0.0573 | |||
| Sortino Ratio | 0.1138 | |||
| Treynor Ratio | 0.183 | |||
| Maximum Drawdown | 12.09 | |||
| Value At Risk | (3.63) | |||
| Potential Upside | 4.13 | |||
| Downside Variance | 4.03 | |||
| Semi Variance | 3.13 | |||
| Expected Short fall | (1.96) | |||
| Skewness | 0.3039 | |||
| Kurtosis | 0.8268 |
| Risk Adjusted Performance | 0.1145 | |||
| Market Risk Adjusted Performance | 0.193 | |||
| Mean Deviation | 1.7 | |||
| Semi Deviation | 1.77 | |||
| Downside Deviation | 2.01 | |||
| Coefficient Of Variation | 698.67 | |||
| Standard Deviation | 2.26 | |||
| Variance | 5.12 | |||
| Information Ratio | 0.1009 | |||
| Jensen Alpha | 0.1673 | |||
| Total Risk Alpha | 0.0573 | |||
| Sortino Ratio | 0.1138 | |||
| Treynor Ratio | 0.183 | |||
| Maximum Drawdown | 12.09 | |||
| Value At Risk | (3.63) | |||
| Potential Upside | 4.13 | |||
| Downside Variance | 4.03 | |||
| Semi Variance | 3.13 | |||
| Expected Short fall | (1.96) | |||
| Skewness | 0.3039 | |||
| Kurtosis | 0.8268 |
Consider Ciena Corp's intraday indicators
Ciena Corp intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Ciena Corp stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Ciena Corp Corporate Filings
F4 | 19th of November 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
13A | 12th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
8K | 2nd of October 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
| 30th of May 2024 Other Reports | ViewVerify |
Ciena Stock media impact
Far too much social signal, news, headlines, and media speculation about Ciena Corp that are available to investors today. That information is available publicly through Ciena media outlets and privately through word of mouth or via Ciena internal channels. However, regardless of the origin, that massive amount of Ciena data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Ciena Corp news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Ciena Corp relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Ciena Corp's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Ciena Corp alpha.
Ciena Corp Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Ciena Corp can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Ciena Corp Historical Investor Sentiment
Investor biases related to Ciena Corp's public news can be used to forecast risks associated with an investment in Ciena. The trend in average sentiment can be used to explain how an investor holding Ciena can time the market purely based on public headlines and social activities around Ciena Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Ciena Corp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Ciena Corp and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Ciena Corp news discussions. The higher the estimate score, the more favorable the investor's outlook on Ciena Corp.
Ciena Corp Corporate Directors
| Judith OBrien | Independent Director | Profile | |
| Joanne Olsen | Independent Director | Profile | |
| Bruce Claflin | Independent Director | Profile | |
| Lawton Fitt | Independent Director | Profile |
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 closely tied 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.You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Is Communications Equipment space 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 (0.50) | Earnings Share 0.94 | Revenue Per Share 27.627 | Quarterly Revenue Growth (0.12) | Return On Assets 0.0252 |
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.
In summary, please note that there is a difference between Ciena Corp's value and its price, as these two are different measures arrived at by various 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.