Ciena Corporation (CIEN) plunge -4.65% in a week: will this be a lucky break through?

Ciena Corporation (NYSE: CIEN) open the trading on September 21, 2020, with a bit cautious approach as it glided -1.07% to $40.59. During the day, the stock rose to $40.7756 and sunk to $40.02 before settling in for the price of $41.03 at the close. Taking a more long-term approach, CIEN posted a 52-week range of $30.58-$61.51.

In the past 5-years timespan, the Technology sector firm’s annual sales growth was 9.30%. Meanwhile, its Annual Earning per share during the time was 44.00%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 80.40%. This publicly-traded company’s shares outstanding now amounts to $154.18 million, simultaneously with a float of $153.29 million. The organization now has a market capitalization sitting at $6.28 billion. At the time of writing, stock’s 50-day Moving Average stood at $54.08, while the 200-day Moving Average is $47.44.

If we measure the efficiency of the company that is accounted for 6383 employees. It has generated 559,632 per worker during the last fiscal year. Meanwhile, its income per employee was 39,705. The stock had 4.33 Receivables turnover and 0.93 Total Asset turnover. For the Profitability, stocks gross margin was +42.56, operating margin was +10.49 and Pretax Margin of +8.77.

Ciena Corporation (CIEN) Ownership Facts and Figures

Sometimes it helps to make our mind if we keep our tabs on how bigger investors are working with the stock of the Communication Equipment industry. Ciena Corporation’s current insider ownership accounts for 1.20%, in contrast to 92.50% institutional ownership. According to the most recent insider trade that took place on Sep 15, this organization’s VP, CONTROLLER sold 1,000 shares at the rate of 43.00, making the entire transaction reach 43,000 in total value, affecting insider ownership by 36,171. Preceding that transaction, on Sep 15, Company’s SVP, Chief Technology Officer sold 2,500 for 43.00, making the whole transaction’s value amount to 107,500. This particular insider is now the holder of 78,581 in total.

Ciena Corporation (CIEN) Earnings and Revenue Records

So, what does the last quarter earnings report of the company that was made public on 7/30/2020 suggests? It has posted $1.06 earnings per share (EPS) beating the forecaster’s viewpoint (set at $0.83) by $0.23. This company achieved a net margin of +7.09 while generating a return on equity of 12.36. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.5 per share during the current fiscal year.

Ciena Corporation’s EPS increase for this current 12-month fiscal period is 80.40% and is forecasted to reach 2.73 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 8.90% through the next 5 years, which can be compared against the 44.00% growth it accomplished over the previous five years trading on the market.

Ciena Corporation (NYSE: CIEN) Trading Performance Indicators

Let’s observe the current performance indicators for Ciena Corporation (CIEN). It’s Quick Ratio in the last reported quarter now stands at 3.10. The Stock has managed to achieve an average true range (ATR) of 2.03. Alongside those numbers, its PE Ratio stands at $16.81, and its Beta score is 0.87. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 1.71. Similarly, its price to free cash flow for trailing twelve months is now 13.31.

In the same vein, CIEN’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 2.41, a figure that is expected to reach 0.63 in the next quarter, and analysts are predicting that it will be 2.73 at the market close of one year from today.

Technical Analysis of Ciena Corporation (CIEN)

[Ciena Corporation, CIEN] recent stats showed that its last 5-days Average volume was poorer than the volume it posted in the year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 15.51% While, its Average True Range was 1.99.

Raw Stochastic average of Ciena Corporation (CIEN) in the period of the previous 100 days is set at 2.65%, which indicates a major fall in contrast to 2.81% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 117.15% that was higher than 56.97% volatility it exhibited in the past 100-days period.

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