Ciena Corporation (CIEN) volume exceeds 1.03 million: A new investment opportunity for investors

Ciena Corporation (NYSE: CIEN) on August 04, 2022, started off the session at the price of $52.59, soaring 0.56% from the previous trading day. During the day, the shares moved up to $52.605 and dropped to $52.11 before settling in for the closing price of $52.20. Within the past 52 weeks, CIEN’s price has moved between $41.63 and $78.28.


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Technology Sector giant saw their annual sales surged by 6.80% over the last five years. The company achieved an average annual earnings per share of 37.80%. With a float of $148.35 million, this company’s outstanding shares have now reached $152.20 million.

The firm has a total of 7241 workers. Let’s measure their productivity. In terms of profitability, gross margin is +44.25, operating margin of +14.57, and the pretax margin is +12.78.

Ciena Corporation (CIEN) Breakdown of a Key Holders of the stock

Observing investor behavior towards Communication Equipment industry stocks is more important than anything else. The insider ownership of Ciena Corporation is 1.20%, while institutional ownership is 94.30%. The most recent insider transaction that took place on Jul 20, was worth 174,300. In this transaction President, CEO of this company sold 3,542 shares at a rate of $49.21, taking the stock ownership to the 420,795 shares. Before that another transaction happened on Jul 15, when Company’s VP, CONTROLLER sold 1,000 for $47.17, making the entire transaction worth $47,170. This insider now owns 31,190 shares in total.

Ciena Corporation (CIEN) Recent Fiscal highlights

As on 4/29/2022, Multinational firm has announced its last quarter scores, in which it reported $0.52 earnings per share (EPS) for the period falling under the consensus outlook (set at $0.54) by -$0.02. This company achieved a net margin of +13.81 while generating a return on equity of 18.09. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.71 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 37.80% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.10% during the next five years compared to 44.10% growth over the previous five years of trading.

Ciena Corporation (NYSE: CIEN) Trading Performance Indicators

Ciena Corporation (CIEN) is currently performing well based on its current performance indicators. A quick ratio of 3.10 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.98. Likewise, its price to free cash flow for the trailing twelve months is 24.95.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.73, a number that is poised to hit 0.34 in the next quarter and is forecasted to reach 3.21 in one year’s time.

Technical Analysis of Ciena Corporation (CIEN)

Analysing the last 5-days average volume posted by the [Ciena Corporation, CIEN], we can find that recorded value of 0.89 million was lower than the volume posted last year of 1.56 million. As of the previous 9 days, the stock’s Stochastic %D was 89.70%. Additionally, its Average True Range was 1.27.

During the past 100 days, Ciena Corporation’s (CIEN) raw stochastic average was set at 53.38%, which indicates a significant decrease from 94.81% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.13% in the past 14 days, which was lower than the 36.78% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $47.81, while its 200-day Moving Average is $58.80. Now, the first resistance to watch is $52.69. This is followed by the second major resistance level at $52.90. The third major resistance level sits at $53.19. If the price goes on to break the first support level at $52.20, it is likely to go to the next support level at $51.91. Now, if the price goes above the second support level, the third support stands at $51.70.

Ciena Corporation (NYSE: CIEN) Key Stats

Market capitalization of the company is 7.56 billion based on 149,705K outstanding shares. Right now, sales total 3,621 M and income totals 500,200 K. The company made 949,230 K in profit during its latest quarter, and 38,920 K in sales during its previous quarter.

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