Does Current Valuations Warrant A Buy or Sell? – Ciena Corporation (CIEN), Office Depot, Inc. (ODP)

Here’s what’s interesting to note about Ciena Corporation (NYSE:CIEN) right now: Its price-to-sales ratio of 1.29, is cheap relative to the Ciena Corporation universe at large. The broad Ciena Corporation industry has an average P/S ratio of 1.79, which is significantly better than the sector’s 2.8. In the past 13-year record, this ratio went down as low as 0.59 and as high as 5.99. Also, it is down from 53% of the total 551 rivals across the globe.

CIEN traded at an unexpectedly low level on 06/27/2018 when the stock experienced a -1.27% loss to a closing price of $25.62. The company saw 2.39 million shares trade hands over the course of the day. Given that its average daily volume over the 30 days has been 3.23 million shares a day, this signifies a pretty significant change over the norm.

Ciena Corporation (CIEN) Analyst Gushes

Analysts are speculating a 44.42% move, based on the high target price ($37) for the shares that is set to reach in the next 12 months. The analysts, on average, are forecasting a $30.08 price target, but the stock is already up 32.06% from its recent lows. However, the stock is trading at -7.61% versus recent highs ($27.73). Analysts believe that we could see stock price minimum in the $21 range (lowest target price), allowing for another -18.03% drop from its current position. Leading up to this report, we have seen a 4.49% rise in the stock price over the last 30 days and a 1.18% increase over the past 3 months. Overall, the share price is up 22.41% so far this year. Additionally, CIEN had a day price range of $25.49 to $26.075.

Ciena Corporation (CIEN) Price Potential

Heading into the stock price potential, Ciena Corporation needs to grow just 17.1% to cross its median price target of $30. In order to determine directional movement, the 50-day and 200-day moving averages for Ciena Corporation (NYSE:CIEN) are $24.91 and $24.15. Given that liquidity is king in short-term, CIEN is a stock with 146.56 million shares outstanding that normally trades 11.54% of its float. The stock price recently experienced a 5-day gain of 0.39% with 0.58 average true range (ATR). CIEN has a beta of 1.44 and RSI is 57.34.

Investors also need to beware of the Office Depot, Inc. (NASDAQ:ODP) valuations. The stock trades on a P/S of 0.15, which suggests that the shares are attractive compared with peers. The broad Office Depot, Inc. industry has an average P/S ratio of 1.49, which is significantly better than the sector’s 3827.92. In the past 13-year record, this ratio went down as low as 0.01 and as high as 0.56. Also, it is up from 93% of the total 958 rivals across the globe.

Office Depot, Inc. (ODP)’s Lead Over its Technicals

Office Depot, Inc. by far traveled 35% versus a 1-year low price of $2.00. The share price was last seen -1.82% lower, reaching at $2.7 on 06/27/2018. At recent session, the prices were hovering between $2.69 and $2.83. This company shares are 0.37% off its target price of $2.71 and the current market capitalization stands at $1.55B. The recent change has given its price a 7.98% lead over SMA 50 and -56.83% deficit over its 52-week high. The stock witnessed 13.92% gains, 26.76% gains and -23.73% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found ODP’s volatility during a week at 4.79% and during a month it has been found around 4.54%.

Office Depot, Inc. (NASDAQ:ODP) Intraday Metrics

Office Depot, Inc. (ODP) exchanged hands at an unexpectedly low level of 7.46 million shares over the course of the day. Noting its average daily volume at 7.61 million shares each day over the month, this signifies a pretty significant change over the norm.

Office Depot, Inc. Target Levels

The market experts are predicting a 48.15% rally, based on the high target price ($4) for Office Depot, Inc. shares that is likely to be hit in the 52 weeks. Analysts anticipate that traders could see stock price minimum in the $2.25 range (lowest target price). If faced, it would be a -16.67% drop from its current position. Overall, the share price is down -23.73% year to date.