Ciena Corp Stock Buy Hold or Sell Recommendation
| CIEN Stock | USD 43.92 0.36 0.83% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Ciena Corp is 'Strong Hold'. Macroaxis provides Ciena Corp buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding CIEN positions. The advice algorithm takes into account all of Ciena Corp's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Ciena Corp's buy or sell advice are summarized below:
Real Value 45.53 | Target Price 59.27 | Hype Value 43.56 | Market Value 43.92 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Ciena Corp given historical horizon and risk tolerance towards Ciena Corp. When Macroaxis issues a 'buy' or 'sell' recommendation for Ciena Corp, the advice is generated through an automated system that utilizes algorithms and statistical models.
Ciena |
Execute Ciena Corp Buy or Sell Advice
The Ciena recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Ciena Corp. Macroaxis does not own or have any residual interests in Ciena Corp or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Ciena Corp's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Very Small | Details | |
Economic Sensitivity | Responds to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Ciena Corp Trading Alerts and Improvement Suggestions
| 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 gurufocus.com: Insider Sell SVP and Chief Strategy Officer David Rothenstein Sells 3,500 Shares of Ciena Corp ... |
Ciena Corp Returns Distribution Density
The distribution of Ciena Corp's historical returns is an attempt to chart the uncertainty of Ciena Corp's future price movements. The chart of the probability distribution of Ciena Corp daily returns describes the distribution of returns around its average expected value. We use Ciena Corp price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Ciena Corp returns is essential to provide solid investment advice for Ciena Corp.
| Mean Return | -0.19 | Value At Risk | -3.18 | Potential Upside | 2.73 | Standard Deviation | 2.70 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Ciena Corp historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Ciena Stock 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 originates 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 | Diamond Hill Capital Management Inc | 2023-12-31 | 2.3 M | Ion Asset Management Ltd. | 2023-12-31 | 2.2 M | Dimensional Fund Advisors, Inc. | 2023-12-31 | 2.2 M | Victory Capital Management Inc. | 2023-12-31 | 2.1 M | Neuberger Berman Group Llc | 2023-12-31 | 2.1 M | Bank Of America Corp | 2023-12-31 | 2 M | First Trust Advisors L.p. | 2023-12-31 | 1.7 M | Fort Pitt Capital Group, Llc | 2024-03-31 | 1.7 M | Norges Bank | 2023-12-31 | 1.6 M | Blackrock Inc | 2023-12-31 | 16.3 M | Vanguard Group Inc | 2023-12-31 | 15 M |
Ciena Corp Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | (25.0M) | (47.6M) | (589.1M) | (132.5M) | (119.2M) | (113.3M) | |
| Change In Cash | 184.5M | 333.9M | (428.2M) | 16.4M | 18.9M | 30.0M | |
| Free Cash Flow | 411.0M | 462.1M | (258.6M) | 62.1M | 71.5M | 75.0M | |
| Depreciation | 132.5M | 132.3M | 140.2M | 142.2M | 128.0M | 159.4M | |
| Other Non Cash Items | 67.6M | 49.5M | 33.6M | 52.5M | 60.3M | 63.4M | |
| Capital Expenditures | 82.7M | 79.6M | 90.8M | 106.2M | 122.1M | 74.2M | |
| Net Income | 361.3M | 500.2M | 152.9M | 254.8M | 293.1M | 307.7M | |
| End Period Cash Flow | 1.1B | 1.4B | 994.4M | 1.0B | 1.2B | 639.8M | |
| Change To Netincome | 199.7M | (22.7M) | 111.3M | 168.1M | 193.3M | 203.0M | |
| Investments | (109.3M) | (15.8M) | 46.7M | (383.5M) | (345.1M) | (327.9M) | |
| Change Receivables | 65.7M | (17.3M) | (174.4M) | (47.1M) | (54.1M) | (56.8M) | |
| Net Borrowings | (5.6M) | (9.9M) | 391.3M | 485.1M | 557.9M | 585.8M |
Ciena Corp Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Ciena Corp or Communications Equipment sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Ciena Corp's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Ciena stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | -0.31 | |
β | Beta against NYSE Composite | 1.42 | |
σ | Overall volatility | 2.74 | |
Ir | Information ratio | -0.1 |
Ciena Corp Volatility Alert
Ciena Corp exhibits very low volatility with skewness of -2.17 and kurtosis of 12.52. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Ciena Corp's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Ciena Corp's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Ciena Corp Fundamentals Vs Peers
Comparing Ciena Corp's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Ciena Corp's direct or indirect competition across all of the common fundamentals between Ciena Corp and the related equities. This way, we can detect undervalued stocks with similar characteristics as Ciena Corp or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Ciena Corp's fundamental indicators could also be used in its relative valuation, which is a method of valuing Ciena Corp by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Ciena Corp to competition |
| Fundamentals | Ciena Corp | Peer Average |
| Return On Equity | 0.0792 | -0.31 |
| Return On Asset | 0.0424 | -0.14 |
| Profit Margin | 0.05 % | (1.27) % |
| Operating Margin | 0.09 % | (5.51) % |
| Current Valuation | 6.54 B | 16.62 B |
| Shares Outstanding | 144.6 M | 571.82 M |
| Shares Owned By Insiders | 0.98 % | 10.09 % |
| Shares Owned By Institutions | 96.55 % | 39.21 % |
| Number Of Shares Shorted | 5.28 M | 4.71 M |
| Price To Earning | 34.45 X | 28.72 X |
| Price To Book | 2.26 X | 9.51 X |
| Price To Sales | 1.51 X | 11.42 X |
| Revenue | 4.39 B | 9.43 B |
| Gross Profit | 1.88 B | 27.38 B |
| EBITDA | 589.04 M | 3.9 B |
| Net Income | 254.83 M | 570.98 M |
| Cash And Equivalents | 1.18 B | 2.7 B |
| Cash Per Share | 7.98 X | 5.01 X |
| Total Debt | 1.61 B | 5.32 B |
| Debt To Equity | 0.43 % | 48.70 % |
| Current Ratio | 3.48 X | 2.16 X |
| Book Value Per Share | 20.17 X | 1.93 K |
| Cash Flow From Operations | 168.33 M | 971.22 M |
| Short Ratio | 1.83 X | 4.00 X |
| Earnings Per Share | 1.54 X | 3.12 X |
| Price To Earnings To Growth | 0.77 X | 4.89 X |
| Target Price | 58.0 | |
| Number Of Employees | 8.31 K | 18.84 K |
| Beta | 1.0 | -0.15 |
| Market Capitalization | 6.3 B | 19.03 B |
| Total Asset | 5.6 B | 29.47 B |
| Retained Earnings | (3.38 B) | 9.33 B |
| Working Capital | 2.64 B | 1.48 B |
Note: Disposition of 4166 shares by Gary Smith of Ciena Corp at 44.7976 subject to Rule 16b-3 [view details]
Ciena Corp Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Ciena . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 21054.65 | |||
| Daily Balance Of Power | 0.5217 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 43.65 | |||
| Day Typical Price | 43.74 | |||
| Price Action Indicator | 0.46 | |||
| Period Momentum Indicator | 0.36 |
About Ciena Corp Buy or Sell Advice
When is the right time to buy or sell Ciena Corp? Buying financial instruments such as Ciena Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Other Current Liabilities | 360.8M | 431.4M | 496.1M | 520.9M | Total Assets | 5.1B | 5.6B | 6.4B | 6.8B |
Use Investing Ideas to Build Portfolios
In addition to having Ciena Corp in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Check out Ciena Corp Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. 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 Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
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.