Ciena Corp Stock Price on December 19, 2024
| CIEN Stock | USD 85.79 1.87 2.23% |
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 85.79, as last reported on the 20th of December, with the highest price reaching 86.16 and the lowest price hitting 84.05 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 appears to be very steady, given 3 months investment horizon. Ciena Corp secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19% return per unit of standard deviation over the last 3 months. By analyzing Ciena Corp's technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please makes use of Ciena Corp's mean deviation of 2.14, and Risk Adjusted Performance of 0.1853 to double-check if our risk estimates are consistent with your expectations.
At this time, Ciena Corp's Total Stockholder Equity is very stable compared to the past year. As of the 20th of December 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 20th of December 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 55.5634 | 50 Day MA 69.842 | Beta 0.938 |
Ciena |
Sharpe Ratio = 0.1867
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Estimated Market Risk
| 3.05 actual daily | 27 73% of assets are more volatile |
Expected Return
| 0.57 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 14 86% of assets perform better |
Based on monthly moving average Ciena Corp is performing at about 14% of its full potential. 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 it to a well-diversified portfolio.
Price Book 4.2511 | Enterprise Value Ebitda 35.1217 | Price Sales 2.9778 | Shares Float 143.1 M | Wall Street Target Price 87.9333 |
Ciena Corp Main Headline on 19th of December 2024
Jefferies Names Ciena Corporation a Top Idea for 2025, Highl... by insidermonkey.com
The tech industry is undergoing significant changes, with increasing competition in AI, evolving regulatory landscapes, and strategic moves by major companies to stay ahead.
Ciena Corp Valuation on December 19, 2024
It is possible to determine the worth of Ciena Corp on a given historical date. On December 19, 2024 Ciena was worth 85.5 at the beginning of the trading date compared to the closed value of 85.79. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ciena Corp stock. Still, in general, we apply an absolute valuation method to find Ciena Corp's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Ciena Corp where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ciena Corp's related companies.
| Open | High | Low | Close | Volume | |
| 89.21 | 89.70 | 83.07 | 83.92 | 2,744,575 | |
12/19/2024 | 85.50 | 86.16 | 84.05 | 85.79 | 2,086,935 |
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Ciena Corp Trading Date Momentum on December 19, 2024
| On December 19 2024 Ciena Corp was traded for 85.79 at the closing time. The top price for the day was 86.16 and the lowest listed price was 84.05 . The trading volume for the day was 2.1 M. The trading history from December 19, 2024 did not affect price variability. The overall trading delta against the current closing price is 0.34% . |
Ciena Corp Fundamentals Correlations and Trends
By evaluating Ciena Corp's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Ciena Corp's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Ciena financial account trend analysis is a perfect complement when working with valuation or volatility modules.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 |
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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
Low | December 20, 2024
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0.00 | 0.00 |
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Ciena Corp December 20, 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
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 | 0.1853 | |||
| Jensen Alpha | 0.6383 | |||
| Total Risk Alpha | 0.5814 | |||
| Sortino Ratio | 0.3094 | |||
| Treynor Ratio | 0.4804 |
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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 0.58 | 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.
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.