In looking at volatility levels, the shares saw weekly volatility of 4.38% and 4.02% over the past month.
Among 23 analysts covering Ciena (NYSE:CIEN), 20 have Buy rating, 0 Sell and 3 Hold. Tightening the gaze, stock performance for the last 5 trading days is -0.89%. About 3.45 million shares traded or 18.06% up from the average. BMO Capital Markets maintained Ciena Corporation (NYSE:CIEN) rating on Thursday, June 1. It has outperformed by 27.73% the S&P500.
In taking a look at technical levels, shares are trading 36.40% away from the 50 day simple moving average and 51.15% away from the 200 day simple moving average. Sunesis Pharmaceuticals, Inc. (SNSS) has $77.09M valuation. The company has a market cap of $3.79 billion, a PE ratio of 44.01 and a beta of 1.66. Avalon Advisors Lc has invested 0.04% in Ciena Corporation (NYSE:CIEN). Sunesis Pharmaceuticals had 9 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has "Hold" rating given on Thursday, January 14 by Peel Hunt. Drexel Hamilton upgraded the shares of CIEN in report on Thursday, June 1 to "Buy" rating. The firm has "Hold" rating by Cantor Fitzgerald given on Tuesday, July 18. RBC Capital Markets maintained Admiral Group plc (LON:ADM) on Friday, February 12 with "Underperform" rating. It shows the cash a company is able to generate after spending the money need to maintain or grow its asset base.
Analysts await Sunesis Pharmaceuticals, Inc. Wexford Ltd Partnership reported 8,200 shares stake. Note, this compares with a consensus analyst forecast of 0.44 in earnings per share for its next fiscal quarterly report.
Since June 15, 2017, it had 0 buys, and 6 selling transactions for $338,245 activity. On Thursday, June 15 the insider ALEXANDER STEPHEN B sold $62,550.
Weaver C Barksdale And stated it has 542 shares. 1,000 shares valued at $25,020 were sold by McFeely Scott on Thursday, June 15. On Thursday, June 15 the insider FRODSHAM JAMES sold $50,040. Further, analysts have a 12 month target price of $28.79 on company shares. Citigroup raised Ciena from a neutral rating to a buy rating and raised their price objective for the company from $23.87 to $29.00 in a research report on Wednesday, August 30th. As per Sunday, August 27, the company rating was maintained by William Blair. Needham has "Buy" rating and $31.0 target. The firm has "Overweight" rating by JP Morgan given on Thursday, March 9. Nomura has "Buy" rating and $28 target. Stifel Nicolaus reaffirmed a "buy" rating and issued a $30.00 price objective on shares of Ciena in a research report on Friday, September 1st. The rating was maintained by Bank of America on Friday, June 2 with "Hold". If market is up, the stock should outperform by positive momentum and if the market heads lower, the stock should go down by same tendency. 133,290 are held by Jefferies Ltd Liability Co.
Ciena Corporation is a network strategy and technology company, which provides solutions that enable a range of network operators to adopt communication architectures and deliver an array of services, relied upon by enterprise and consumer end users. The company has 1.10 value in price to sale ratio while price to book ratio was recorded as 3.23. It has a 22.34 P/E ratio. The Company's products include 6500 Packet-Optical Platform and the 5430 Reconfigurable Switching System, Waveserver stackable interconnect system, CoreDirector Multiservice Optical Switches, and OTN configuration for the 5410 Reconfigurable Switching System, 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 4200 Advanced Services Platform, Corestream 5100/5200 Advanced Services Platform, Common Photonic Layer, and 6100 Multiservice Optical Platform. Its up 0.06, from 1.2 in 2017Q1. It improved, as 35 investors sold Ciena Corporation shares while 86 reduced holdings. 60 funds opened positions while 92 raised stakes.
The stock increased 2.70% or $0.01 during the last trading session, reaching $0.57. Arizona-based Arizona State Retirement System has invested 0.02% in Ciena Corporation (NYSE:CIEN). CIEN ended at price of $21.44 after 3.45 million shares traded at hands. First Manhattan Comm has 47,170 shares for 0.01% of their portfolio. Catalyst Cap Advsr Ltd Liability Com reported 20,000 shares or 0.02% of all its holdings. Sg Americas Securities Limited Liability Corp invested 0% of its portfolio in Ciena Corporation (NYSE:CIEN). They provide price response indicators, equity research, market summary, estimate analytics, portfolio tracker, rank stocks, mutual funds reports, exchange traded funds reports, finance reports, options report, video commentaries, earnings analysis, and education reports. Sit Invest Associate owns 273,500 shares.